Grocery Store with Retail
New
For Sale
$150,000
616 MICHIGAN ST, Storm Lake, IA 50588
Commercial, Storm Lake, IA
Property SizeContact for details
Lot Size0.06 Acres
Days on Market3
Property Features for 616 MICHIGAN ST
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Surrounding Areas/Other Areas
Standard status
Active
APN
19021-14-03-136-011
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See abstract
Tax Annual Amount
2148
Legal Description
See abstract
Building Details
Year built
1900
Listing Agency:
Compass Real Estate of NW IA
(941) 628-9143
Listed By:
Selena Flores
(712) 730-1468
Added: Sep 23
Last Checked: Sep 25 at 2:06PM
MLS# 834734
Copyright © 2026 Northwest Iowa Regional 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.
Located at 616 Michigan Street in Storm Lake, this commercial property is currently used as a grocery store. The building dates to 1900 and occupies a 0.06-acre parcel, providing an established setting for a retail operation.
The property is situated near downtown Storm Lake and has previously operated as a bar and grill, demonstrating a history of more than one commercial use. Buyers should verify that any proposed use complies with applicable city requirements.
The property is situated near downtown Storm Lake and has previously operated as a bar and grill, demonstrating a history of more than one commercial use. Buyers should verify that any proposed use complies with applicable city requirements.
Key Highlights
- Current grocery store use
- Previously operated as a bar and grill
- Near downtown Storm Lake
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
86k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 25%
Groceries 15%
Apparel 4%
McDonald's
Dining
19,059 visits/mo
0.3 miles
Casey's
Shops & Services
17,600 visits/mo
0.3 miles
Fareway
Groceries
13,179 visits/mo
0.3 miles
Scooter's Coffee
Dining
7,765 visits/mo
0.3 miles
Pizza Ranch
Dining
7,621 visits/mo
0.3 miles
Demographics for 50588, IA
13,331
Population
5,040
Households
2.6
Avg Household Size
33
Median Age
23%
College-Educated
75%
High-School Grad
138.8 sq mi
ZIP Area
96
Density / Sq Mi
$65,475
Median Household Income
$37,964
Median Earnings
$836
Median Rent
$178,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Valentinas Meat Market — 111 E 6th St, Storm Lake, IA 50588
- Hy-Vee — 1250 Lake Ave N, Storm Lake, IA 50588
- Hy-Vee Grocery Store — 1250 N Lake Ave Ste 2, Storm Lake, IA 50588
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial space near downtown with an established grocery use and prior bar-and-grill history.
Where is this grocery and convenience store located?
The property is located at 616 MICHIGAN ST Storm Lake, IA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Current grocery store use; Previously operated as a bar and grill; Near downtown Storm Lake
