Freestanding Restaurant
For Sale
$750,000
3307 Hwy 71 S, Spirit Lake, IA 51360
The former bank and restaurant has been cleared of equipment, with infrastructure suited to several restaurant formats.
Property Size7,196 SF
Lot Size1.24 Acres
Price / SF$104.22
Days on Market171
Property Features for 3307 Hwy 71 S
General Information
Standard status
Active
Size
7,196 SF
Lot size
1.24 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Equipment Included
No
Amenities
Restrooms
High Traffic Location
High Visibility
Highway Access
Building Details
Building Size
7,196 SF
Year Built
2004
Buildings
1
Listing Agency:
Keller Williams Okoboji
(712) 340-7900
Listed By:
Peggy Bergh-Kuker · License #S64429
(712) 330-1569
Source:
Lakelandrealtyofiowa
Added: May 8
Changed: Oct 24
Last Checked: Oct 24 at 3:11PM
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 Keller Williams Okoboji
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Investment Insights
Based on property information with market context.
Built in 2004, this 7,196-square-foot building occupies 1.24 acres along Highway 71 S in Spirit Lake. The property previously operated as a bank and a restaurant, and its equipment has been removed. Existing infrastructure supports restaurant configurations ranging from full-service dining to drive-through coffee or quick-service takeout.
Key Highlights
- 7,196‑square‑foot building on 1.24 acres
- Built in 2004
- Located on Highway 71 S in Spirit Lake
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
32k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 23%
Home Improvements & Furnishings 15%
Electronics 3%
Kwik Trip
Shops & Services
18,976 visits/mo
0.2 miles
Arby's
Dining
4,953 visits/mo
0.2 miles
Ace Hardware
Home Improvements & Furnishings
4,616 visits/mo
0.0 miles
Papa Murphy's
Dining
1,337 visits/mo
0.2 miles
Domino's Pizza
Dining
1,023 visits/mo
0.1 miles
Demographics for 51360, IA
8,553
Population
6,638
Households
1.3
Avg Household Size
49
Median Age
35%
College-Educated
97%
High-School Grad
105.2 sq mi
ZIP Area
81
Density / Sq Mi
$77,464
Median Household Income
$41,043
Median Earnings
$1,005
Median Rent
$256,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The former bank and restaurant has been cleared of equipment, with infrastructure suited to several restaurant formats.
Where is this conventional restaurant located?
The property is located at 3307 Hwy 71 S Spirit Lake, IA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 7,196‑square‑foot building on 1.24 acres; Built in 2004; Located on Highway 71 S in Spirit Lake
