Financial
Distress signals
Property profile

3307 Highway 71 Spirit Lake, IA 51360

FOR SALE
Turn key restaurants
Property ID
US25-2050028
3,510 SF 1.24 ac lot Built 2004
Last sale Aug 2021 · $800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial building on a corner lot along Highway 71 in Spirit Lake, Iowa, within the Iowa Great Lakes region. It has a total building area of 7,196 square feet and is situated for access from multiple directions due to its corner-lot frontage. The building features a versatile interior layout that can support multi-tenancy and various commercial uses, and its configuration provides visibility from surrounding roadways.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$24k
Tax billed · 2023
Assessed value · 2024$950k
Assessed land$308k
Assessed improvement$642k
Effective rate2.54%

Value estimate

· Sep 2026
$885k
$797k – $974k
AI approach$705k
Submarket $/SF estimate$540k
NOI build-up
Gross scheduled income$136k
Vacancy & credit loss−$4k
Operating expenses−$33k
NOI · 12.54% cap applied$100k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
12.54%
$100k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDICKINSON

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.1
HVAC Service10.0
Law Firm9.4

Location

3307 Highway 71 Spirit Lake, IA 51360
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3840 Hwy 71, Spirit Lake, IA 51360-7197 $875,000 Feb 2025 5,072 SF
2209 Cir W, Spirit Lake, IA 51360-1065 $475,000 Oct 2022 3,569 SF
3524 Hwy 71, Spirit Lake, IA 51360-7644 $145,000 Oct 2020 2,700 SF
1615 Hl, Spirit Lake, IA 51360-1639 $80,000 Jun 2019 2,713 SF
1614 Hl, Spirit Lake, IA 51360-1640 $145,000 Apr 2019 3,740 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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