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    Former Restaurant with Ample Parking

    704 S Grand Avenue Spencer, IA 51301

    Claim this Listing
    For Lease
    $3,400/Mo $15.54 SF/Yr (calc)

    COMMERCIAL - Spencer, IA

    Property size:
    2,626 SF
    Lot size:
    0.48 Acres
    Added:
    Feb 25, 2026
    Days on Market:
    138
    Last Refresh:
    Jul 13 at 7:06 pm

    Property Features for 704 S Grand Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    963618333001
    Size
    2,626 SF
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Lot 1 Blk 5 Harris
    Tax Annual Amount
    16352

    Utilities

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

    Building Details

    Year built
    1973
    Roof type
    Rubber

    Listing agent Mark Hallett License #B04510

    Listing office Realty Professionals 20 W 6th St. Suite 303 PO Box 142, Spencer, IA

    Listing date Feb 25, 2026

    MLS# 260068

    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 commercial property, formerly a Hardees restaurant, is available for lease in Spencer, Iowa. The building offers 2,626 square feet of space and includes 21,000 square feet of off-street parking. The existing equipment and fixtures can remain with the property, depending on the new tenant's needs. Situated on a corner lot at the intersection of Highway 18 and 71, the property benefits from three-sided access and an average daily car count of 14,700.

    Key Highlights

    • High‑traffic location on Hwy 18 & 71 with an average daily car count of 14,700.
    • Substantial off‑street parking with 21,000 sq ft available.
    • Corner lot with three‑sided access.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Hardee's Restaurant Sherwin-Williams Paint Store Paint Manufacturer

    Suggested Use

    Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store Storage Facility Parking Lot & Garage Garden Center Electrical Service HVAC Service

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

    FAQs

    What type of property is this?
    Drive through restaurant - Restaurant space for lease with high traffic and parking.
    Where is this drive through restaurant located?
    The property is located at 704 S Grand Avenue Spencer, IA.
    What is the lease rate?
    The lease rate is $3,400 /Mo.
    What are key features of this property?
    This property features: High‑traffic location on Hwy 18 & 71 with an average daily car count of 14,700.; Substantial off‑street parking with **21,000 sq ft available**.; Corner lot with three‑sided access.
    Contact an agent
    (712) 363-0145
    We can help!
    Contact an agent
    Mark Hallett
    Mark Hallett
    Real Estate License ID: B04510
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