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High-Visibility Restaurant-Ready Building

3307 Hwy 71 Spirit Lake, IA 51360

Claim this Listing
For Sale
$895,000

COMMERCIAL - Spirit Lake, IA

Property size:
7,196 SF
Lot size:
1.24 Acres
Price / SF:
$124/SF
Added:
May 8, 2026
Days on Market:
65
Last Refresh:
Jul 11 at 12:06 pm

Property Features for 3307 Hwy 71

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
Assigned, Driveway
Interior features
Restrooms
Exterior features
High Traffic Location, High Visibility, Highway Access
Standard status
Active
APN
07-08-176-015
Lot size
1.24 Acres

Taxes and HOA fees

Tax Year
2024
Tax Description
LOT 1 BLK 1 FERGUSON BUSINESS PARK
Tax Annual Amount
19328

Utilities

Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public

Building Details

Year built
2004
Building materials
Brick, Metal Siding
Roof type
Metal

Listing agent Peggy Bergh-Kuker License #S64429

Listing office Keller Williams Okoboji 565 Hwy 71 S Unit 2, Sioux City, IA

Listing date May 8, 2026

MLS# 260427

Copyright © 2026 Iowa Great Lakes Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This high-visibility commercial building was originally a bank and later operated as a restaurant. Approximately 7,196 SF sits on 1.24 acres, with the property cleared of equipment and positioned for a new operator’s layout and concept. The existing infrastructure is described as well suited for a full-service restaurant, a drive-thru coffee shop, or a quick-service to-go model.

The property is located at 3307 Hwy 71 in Spirit Lake, providing prominent exposure along Highway 71. The remarks also note strong signage potential tied to the property’s visibility in the Iowa Great Lakes corridor.

For tenants, buyers, or operators, the combination of an equipment-cleared interior and food-service-ready infrastructure supports multiple retail and hospitality directions, including restaurant and coffee uses, with the flexibility to consider related retail showroom or professional suite use as well. The seller notes SBA 504 financing may be available for qualified buyers, and the listing agent can provide lender details and sample financing information.

Key Highlights

  • 7,196 SF building on 1.24 acres in Spirit Lake with high‑traffic, high‑visibility Highway 71 access
  • Originally a bank and later a restaurant; versatile interior layout cleared of equipment for a new use
  • Infrastructure suited for food concepts including full‑service restaurant, drive‑thru coffee shop, or quick‑service to‑go

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Law Firm HVAC Service Parking Lot & Garage Big Box & Wholesale Store Bakery (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Pharmacy Food Market Plumbing Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Conventional restaurant - Former bank/restaurant building on Highway 71 with equipment-cleared interior and adaptable infrastructure for food concepts.
Where is this conventional restaurant located?
The property is located at 3307 Hwy 71 Spirit Lake, IA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 7,196 SF building on 1.24 acres in Spirit Lake with high‑traffic, high‑visibility Highway 71 access; Originally a bank and later a restaurant; versatile interior layout cleared of equipment for a new use; Infrastructure suited for food concepts including full‑service restaurant, drive‑thru coffee shop, or quick‑service to‑go
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