2502 17th Street Spirit Lake, IA 51360

Building Details

Year Built

1984

Listing office SRS Industrial - Newport Beach s***@srsre.com Show Phone

Listing date Jul 10, 2026

Source Srsre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SRS Industrial - Newport Beach

Report an issue

---

Investment Insights

Based on property information with market context.

SRS Real Estate Partners is pleased to offer the fee simple interest (land and building ownership) in an NNN leased furniture retail investment property occupied by Furniture Mart USA, Inc. The tenant operates under a long-term lease through June 2031 with four five-year options to extend.

The property is positioned adjacent to Walmart in Spirit Lake, Iowa. Roof, HVAC, and parking lot replacement costs are shared with 1/3 tenant and 2/3 landlord responsibility.

This offering is exclusively available as part of a two-property portfolio sale that must be purchased together with a separate Furniture Mart property in Yankton, South Dakota.

Key Highlights

• Fee‑simple NNN leased furniture retail property in Spirit Lake, Iowa
• Built in 1984
• Long‑term lease with Furniture Mart USA, Inc. through June 2031, with four (5‑year) renewal options

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $895,000

  High-Visibility Restaurant-Ready Building

  Former bank/restaurant building on Highway 71 with equipment-cleared interior and adaptable infrastructure for food concepts.

  3307 Hwy 71, Spirit Lake, IA 51360

  View Details
• 

  $650,000

  Drive-Through Restaurant with Commercial Kitchen

  Move-in ready drive-thru restaurant with commercial hood, cooler/freezer, and large paved parking.

  2209 Circle Dr, Spirit Lake, IA 51360

  View Details
• 

  $219,000

  Office Suite with Expansion Lot

  Well-sized office space plus an adjacent side lot to support future business expansion.

  605 18TH., Spirit Lake, IA 51360

  View Details
• 

  $1,695,000

  36-Room Hotel with Manager Quarters

  36-room Travelodge in Spirit Lake with a manager’s quarters and an additional lot for potential expansion.

  1905 18th Street, Spirit Lake, IA 51360

  View Details
• 

  $549,000

  1,940 SF

  Duplex with 20-Foot Ceilings

  Modern 3-bedroom duplex with open-concept living and dramatic high ceilings for a bright, spacious layout.

  3302 Ponderosa Court, Spirit Lake, IA 51360

  View Details
• 

  $1,990,000

  3,848 SF

  Contemporary Duplex on Spirit Lake

  New construction duplex designed for comfortable lake living.

  16822 255th Street, Spirit Lake, IA 51360

  View Details
• 

  $399,000

  2,439 SF

  Near-New Duplex with Patio Views

  Near-new duplex offers two-bedroom living on the main level and additional lower-level space with a patio overlooking a pond.

  1940 35th Street, Spirit Lake, IA 51360

  View Details
• 

  $1,500,000

  37,200 SF

  Spirit Lake Storage Facility Investment

  Large storage facility with immediate cash flow potential.

  18 Th Street, Spirit Lake, IA 51360

  View Details
• 

  Contact for pricing

  Drive-Thru Restaurant with Dual Windows

  Restaurant space with a double drive-thru lane, dual service windows, and installed kitchen systems for quick-service operations.

  604 18th St, Spirit Lake, IA 51360

  View Details
• 

  $395,000

  Storage Building with Three Doors

  Concrete-floored storage building with three large overhead doors for practical drive-in access.

  16390 252nd Avenue, Spirit Lake, IA 51360

  View Details
• 

  $419,900

  1,425 SF

  New Construction Duplex in Spirit Lake

  Contemporary 2-bedroom, 2-bathroom duplex with modern amenities and bike trail access.

  3102 Spruce Court, Spirit Lake, IA 51360

  View Details
• 

  $900,000

  Spirit Lake Eight-Unit Apartment Building

  Eight-unit apartment building in downtown Spirit Lake, Iowa.

  1501 Hill Ave, Spirit Lake, IA 51360

  View Details

FAQs

What type of property is this?

NNN property - Fee-simple NNN leased furniture retail property with a long-term tenant lease through June 2031.

Where is this nnn property located?

The property is located at 2502 17th Street Spirit Lake, IA.

What is the asking price?

The asking price for this property is $3,911,000.

What are key features of this property?

This property features: Fee‑simple NNN leased furniture retail property in Spirit Lake, Iowa; Built in 1984; Long‑term lease with Furniture Mart USA, Inc. through June 2031, with four (5‑year) renewal options