Building Details

Building Size 880 SF

Year Built 2024

Listing Agency: RE/MAX Experience Show Phone

Listed By: Jeff Carlson · License #B68807 Show Phone

Source: Lakelandrealtyofiowa

Added: May 5 Changed: Oct 29 Last Checked: Oct 29 at 2:48PM

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Investment Insights

Based on property information with market context.

This 880-square-foot restaurant space in Spirit Lake was built in 2024. Its drive-through setup has two lanes and dual service windows, with a commercial exhaust hood, HVAC equipment, a grease trap, and sink configurations already in place. Some equipment may be negotiated as part of the lease.

Located at 604 18th St, the property is in Spirit Lake, Iowa. The space is configured for restaurant operations and includes infrastructure for food preparation and drive-through service.

Key Highlights

• 880 square feet; built in 2024
• Double‑lane drive‑through with dual service windows
• Commercial exhaust hood, HVAC equipment, grease trap, and sink configurations

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Drive through restaurants

Suggested Use

Top Pick Dental Office Hair Salon Pharmacy Skin Care Clinic Grocery & Convenience Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Commercial hood

Yes

Grease trap

NNN (Triple Net)

Lease Type

$5.11 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

483

Businesses Nearby

33k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 64% Dining 35% Groceries 1%

Casey's General Store Shops & Services

12,452 visits/mo 0.4 miles

Kum & Go Shops & Services

6,248 visits/mo 0.4 miles

Scooter's Coffee Dining

6,118 visits/mo 0.3 miles

Jimmy John's Dining

5,296 visits/mo 0.2 miles

Shell Shops & Services

2,415 visits/mo 0.4 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Retail Suite with Private Offices

1320 Lake Street, Spirit Lake, IA 51360

$8 SF/Yr

3,160 sqft

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Food-service infrastructure includes dual service windows, a commercial exhaust hood, HVAC, a grease trap, and sink configurations.

Where is this drive through restaurant located?

The property is located at 604 18th St Spirit Lake, IA.

What is the lease rate?

The lease rate is $2,500/Mo.

What are key features of this property?

This property features: 880 square feet; built in 2024; Double‑lane drive‑through with dual service windows; Commercial exhaust hood, HVAC equipment, grease trap, and sink configurations