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    Spencer, IA Restaurants for Sale

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    Corner Retail/Office Opportunity, Spencer, IA
    $85,000
    478 SF

    Corner Retail/Office Opportunity, Spencer, IA

    17 E 5Th St, Spencer, IA 51301

    Prime corner property suitable for retail or office use.

    • Prime corner location offers high visibility.
    • Suitable for various business models (coffee shop, salon, office, retail).
    • Lighted boxes for signage enhance visibility.
    • Constructed with durable brick and vinyl siding.
    • Equipped with central air conditioning.
    Updated: Feb 12
    View details
    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
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    Restaurant with Playground and Office
    Contact for pricing
    5,438 SF

    Restaurant with Playground and Office

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

    202 11Th Street Sw Plz SW, Spencer, IA 51301
    View details
    Based on your search, we've compiled 44 Potential Opportunities for your consideration. Besides 3 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

    High-traffic location, move-in ready restaurant with drive-thru and equipment.

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

    Turn-Key Restaurant Opportunity in Iowa

    Established restaurant with real estate, equipment included in Spirit Lake.

    100 Hill Ave, Spirit Lake, IA 51360
    View details
    Established Bar in Downtown Emmetsburg
    $155,000

    Established Bar in Downtown Emmetsburg

    Turnkey bar with dedicated clientele in a vibrant downtown location.

    1007 Broadway St, Emmetsburg, IA 50536
    View details
    Former Church with Stained Glass
    Contact for pricing

    Former Church with Stained Glass

    Well-kept former church with endless possibilities for business or unique home.

    2001 10Th St, Emmetsburg, IA 50536
    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.

    223 Grand Ave

    223 Grand Ave

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

    600 Grand Ave

    BAR, TAVERN • 7,051 SF
    Value Estimation by Request
    600 Grand Ave, Spencer, IA 51301-3928
    View details
    312 Grand Ave

    312 Grand Ave

    RESTAURANT • 2,002 SF
    Value Estimation by Request
    312 Grand Ave, Spencer, IA 51301-4141
    View details
    419 Grand Ave

    419 Grand Ave

    RESTAURANT • 6,000 SF
    Value Estimation by Request
    419 Grand Ave, Spencer, IA 51301-4026
    View details
    2304 Hwy Blvd

    2304 Hwy Blvd

    BAR, TAVERN • 2,462 SF
    Value Estimation by Request
    2304 Hwy Blvd, Spencer, IA 51301-2108
    View details
    202 11th St Sw Plz

    202 11th St Sw Plz

    RESTAURANT • 5,438 SF
    Value Estimation by Request
    202 11th St Sw Plz, Spencer, IA 51301-5814
    View details
    20 8th St

    20 8th St

    DRIVE-THRU RESTAURANT, FAST FOOD • 561 SF
    Value Estimation by Request
    20 8th St, Spencer, IA 51301-4302
    View details
    225 Grand Ave

    225 Grand Ave

    BAR, TAVERN • 3,720 SF
    Value Estimation by Request
    225 Grand Ave, Spencer, IA 51301-4122
    View details
    701 11th SW St

    701 11th SW St

    DRIVE-THRU RESTAURANT, FAST FOOD • 3,677 SF
    Value Estimation by Request
    701 11th SW St, Spencer, IA 51301-5525
    View details
    331 11th SW St

    331 11th SW St

    BAR, TAVERN • 3,304 SF
    Value Estimation by Request
    331 11th SW St, Spencer, IA 51301-5801
    View details
    704 Grand Ave

    704 Grand Ave

    DRIVE-THRU RESTAURANT, FAST FOOD • 2,432 SF
    Value Estimation
    $615,000
    704 Grand Ave, Spencer, IA 51301-5730
    View details
    501 Grand Ave

    501 Grand Ave

    DRIVE-THRU RESTAURANT, FAST FOOD • 720 SF
    Value Estimation by Request
    501 Grand Ave, Spencer, IA 51301-5322
    View details
    605 Grand Ave

    605 Grand Ave

    TAKE-OUT RESTAURANT • 38,092 SF
    Value Estimation
    $1,140,000
    605 Grand Ave, Spencer, IA 51301-3921
    View details
    829 Grand Ave

    829 Grand Ave

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

    416 Grand Ave

    BAKERY • 4,250 SF
    Value Estimation by Request
    416 Grand Ave, Spencer, IA 51301-4037
    View details
    706 11th SW St

    706 11th SW St

    DRIVE-THRU RESTAURANT, FAST FOOD • 2,857 SF
    Value Estimation
    $1,390,000
    706 11th SW St, Spencer, IA 51301-5560
    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
    15 11th SE St

    15 11th SE St

    RESTAURANT • 4,706 SF
    Value Estimation by Request
    15 11th SE St, Spencer, IA 51301-5829
    View details
    723 Grand Ave

    723 Grand Ave

    RESTAURANT • 2,004 SF
    Value Estimation by Request
    723 Grand Ave, Spencer, IA 51301-5731
    View details
    1919 Hwy Blvd

    1919 Hwy Blvd

    DRIVE-THRU RESTAURANT, FAST FOOD • 2,612 SF
    Value Estimation by Request
    1919 Hwy Blvd, Spencer, IA 51301-2218
    View details

    Spencer, IA Restaurants Investment Opportunities Market Analysis

    Explore 40 restaurants for sale in Spencer, IA, showcased through 3 active listings 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.

    Sale 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 stay ahead with the latest data and market trends.

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