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    Spencer, IA Restaurants for Sale

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    Valentine Diner on Grand Avenue
    Contact for pricing
    520 SF

    Valentine Diner on Grand Avenue

    208 Grand Ave, Spencer, IA 51301

    Iconic diner on high-traffic Grand Avenue in Spencer, Iowa.

    • Iconic "Valentine Diner" - Own a piece of history.
    • High traffic location on Grand Avenue.
    • Opportunity to start a restaurant or coffee shop.
    • Restore the diner to its former glory.
    • Vinyl Siding Construction.
    Updated: Dec 17, 2025
    View details
    Restaurant with Playground and Office
    $599,000
    5,438 SF

    Restaurant with Playground and Office

    202 11Th Street Sw Plz SW, Spencer, IA 51301

    5,438 SF property featuring restaurant, playground, and office spaces.

    • 57 Parking Spaces available
    • Restaurant Equipment Included for a turn‑key operation
    • 3,232 SF Fast‑Food Building
    • 1,150 SF Office Space
    • 1,056 SF Playground (Built in 1998)
    View details
    Based on your search, we've compiled 43 Potential Opportunities for your consideration. Besides 2 Active listings in Spencer, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 37 Off-Market properties to explore as potential leads

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Restaurant with Drive-Thru For Sale
    $675,000
    3,569 SF

    Restaurant with Drive-Thru For Sale

    Move-in ready restaurant with drive-thru on high-traffic corner.

    2209 Circle Dr W, Spirit Lake, IA 51360
    View details
    Turn-Key Restaurant Opportunity in Spirit Lake
    $249,000
    800 SF

    Turn-Key Restaurant Opportunity in Spirit Lake

    Landmark restaurant with loyal following, primed for growth.

    100 Hl Dr, Spirit Lake, IA 51360
    View details
    Established Business in Marcus, Iowa
    $145,000
    0.06 Acres

    Established Business in Marcus, Iowa

    Turn-key bar and restaurant opportunity with recent upgrades.

    404 N Main St, Marcus, IA 51035
    View details
    Downtown Restaurant & Lounge Opportunity
    $325,000
    10,000 SF

    Downtown Restaurant & Lounge Opportunity

    Established restaurant and lounge with real estate in prime location.

    314 N Main St, Marcus, IA 51035
    View details

    Explore Off-Market Properties in Spencer, IA

    Consider similar Off-Market properties in Spencer, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    829 Grand Ave

    829 Grand Ave

    RESTAURANT • 2,782 SF
    Value Estimation by Request
    829 Grand Ave, Spencer, IA 51301-5733
    View details
    528 Grand Ave

    528 Grand Ave

    RESTAURANT • 6,670 SF
    Value Estimation
    $275,000
    528 Grand Ave, Spencer, IA 51301-3912
    View details
    501 Grand Ave

    501 Grand Ave

    DRIVE-THRU RESTAURANT, FAST FOOD • 720 SF
    Value Estimation
    $315,000
    501 Grand Ave, Spencer, IA 51301-5322
    View details
    218 Grand Ave

    218 Grand Ave

    RESTAURANT • 3,040 SF
    Value Estimation
    $195,000
    218 Grand Ave, Spencer, IA 51301
    View details
    419 Grand Ave

    419 Grand Ave

    RESTAURANT • 6,000 SF
    Value Estimation
    $190,000
    419 Grand Ave, Spencer, IA 51301-4026
    View details
    1919 Hwy Blvd

    1919 Hwy Blvd

    DRIVE-THRU RESTAURANT, FAST FOOD • 2,612 SF
    Value Estimation
    $325,000
    1919 Hwy Blvd, Spencer, IA 51301-2218
    View details
    312 Grand Ave

    312 Grand Ave

    RESTAURANT • 2,002 SF
    Value Estimation
    $190,000
    312 Grand Ave, Spencer, IA 51301-4141
    View details
    316 Grand Ave

    316 Grand Ave

    BAR, TAVERN • 3,000 SF
    Value Estimation by Request
    316 Grand Ave, Spencer, IA 51301-4141
    View details
    723 Grand Ave

    723 Grand Ave

    RESTAURANT • 2,004 SF
    Value Estimation
    $330,000
    723 Grand Ave, Spencer, IA 51301-5731
    View details
    416 Grand Ave

    416 Grand Ave

    BAKERY • 4,250 SF
    Value Estimation
    $235,000
    416 Grand Ave, Spencer, IA 51301-4037
    View details
    5 21st St

    5 21st St

    BAR, TAVERN • 2,352 SF
    Value Estimation by Request
    5 21st St, Spencer, IA 51301
    View details
    600 Grand Ave

    600 Grand Ave

    BAR, TAVERN • 7,051 SF
    Value Estimation
    $210,000
    600 Grand Ave, Spencer, IA 51301-3928
    View details
    225 Grand Ave

    225 Grand Ave

    BAR, TAVERN • 3,720 SF
    Value Estimation
    $205,000
    225 Grand Ave, Spencer, IA 51301-4122
    View details
    1205 Grand Ave

    1205 Grand Ave

    RESTAURANT • 7,584 SF
    Value Estimation
    $285,000
    1205 Grand Ave, Spencer, IA 51301-5913
    View details
    2304 Hwy Blvd

    2304 Hwy Blvd

    BAR, TAVERN • 2,462 SF
    Value Estimation
    $305,000
    2304 Hwy Blvd, Spencer, IA 51301-2108
    View details
    1019 Grand Ave

    1019 Grand Ave

    RESTAURANT • 3,172 SF
    Value Estimation by Request
    1019 Grand Ave, Spencer, IA 51301-5738
    View details
    1721 1st W Ave

    1721 1st W Ave

    RESTAURANT • 4,080 SF
    Value Estimation
    $235,000
    1721 1st W Ave, Spencer, IA 51301-3438
    View details
    113 Grand Ave

    113 Grand Ave

    RESTAURANT • 8,314 SF
    Value Estimation
    $250,000
    113 Grand Ave, Spencer, IA 51301-4222
    View details
    18 4th St

    18 4th St

    RESTAURANT • 4,525 SF
    Value Estimation
    $100,000
    18 4th St, Spencer, IA 51301-4009
    View details
    223 Grand Ave

    223 Grand Ave

    BAR, TAVERN • 3,000 SF
    Value Estimation by Request
    223 Grand Ave, Spencer, IA 51301-4122
    View details
    208 Grand Ave

    208 Grand Ave

    RESTAURANT • 260 SF
    Value Estimation by Request
    208 Grand Ave, Spencer, IA 51301-4121
    View details
    20 8th St

    20 8th St

    DRIVE-THRU RESTAURANT, FAST FOOD • 561 SF
    Value Estimation
    $350,000
    20 8th St, Spencer, IA 51301-4302
    View details

    Spencer, IA Restaurants Investment Opportunities Market Analysis

    Explore 39 restaurants for sale in Spencer, IA on our real estate platform. These investment opportunities span a total of 515,372 square feet of properties for sale, with an estimated market value of $8,335,000.

    Prices for restaurant properties in Spencer, IA start at $70,000, averaging $320,576, and reaching up to $1,370,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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    Browse Restaurants for Sale Near Spencer, IA

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    Most Searched ZIP Codes in Spencer, IA

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