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    Spencer, IA
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    Spencer, IA Restaurants for Sale

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    Fostoria, IA Everly, IA Milford, IA
    Restaurant with Playground and Office
    $799,000
    5,438 SF

    Restaurant with Playground and Office

    202 11th St SW, Spencer, IA

    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)
    Updated: Dec 3, 2024
    View details
    Based on your search, we've compiled 46 Potential Opportunities for your consideration. Besides 1 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Landmark Retail Building with Drive-Thru
    $895,000

    Landmark Retail Building with Drive-Thru

    High-visibility building on Highway 71 with an adaptable interior ready for restaurant, drive-thru coffee, or retail concepts.

    3307 Hwy 71, Spirit Lake, IA 51360
    View details
    Drive-Thru Restaurant with Double Lane
    Contact for pricing

    Drive-Thru Restaurant with Double Lane

    A highly visible quick-serve space with double drive-thru lanes, dual windows, and key kitchen systems already in place.

    604 18th St, Spirit Lake, IA 51360
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    Turnkey Restaurant with Outdoor Patio
    $299,000
    0.92 Acres

    Turnkey Restaurant with Outdoor Patio

    Fully renovated Sheldon restaurant with intact dining, bar, and kitchen operations, plus a newly added outdoor patio.

    1113 S 2nd Avenue, Sheldon, IA 51201
    View details
    Hardee's NNN Lease Investment
    $727,000
    3,434 SF

    Hardee's NNN Lease Investment

    Long-term NNN lease with rent escalations in Sheldon, Iowa.

    505 2nd Ave, Sheldon, IA 51201
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Fort Dodge Commercial Land
    $845,000
    2.98 Acres

    Fort Dodge Commercial Land

    Commercial land available in Fort Dodge, Iowa.

    Leah Lane lot: 1 Triton Pl, Fort Dodge, IA 50501
    View details
    Downtown Storefront with Buildout Opportunity
    Contact for pricing
    2.08 Acres

    Downtown Storefront with Buildout Opportunity

    High-visibility storefront space in downtown Sioux City with strong access and parking, letting tenants design their own buildout.

    130 Nebraska St, Suite A, Sioux City, IA 51101
    View details
    Commercial Development Lot with Visibility
    $87,352
    0.51 Acres

    Commercial Development Lot with Visibility

    General business zoned parcel on Main Street with strong visibility for a wide range of business uses.

    2001 Jack Nicklaus Dr., Elk Point, SD 57025
    View details
    Commercial Lot in Growing Tea
    $220,000
    0.68 Acres

    Commercial Lot in Growing Tea

    High-visibility commercial lot in a high-growth Sioux Falls metro area.

    500 N Heritage Pkwy, Tea, SD 57064
    View details

    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.

    416 Grand Ave
    BAKERY
    4,250 SF Lot: 0.08 Acres
    Value Estimation by Request

    416 Grand Ave, Spencer, IA 51301-4037

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    829 Grand Ave
    RESTAURANT
    2,782 SF Lot: 0.55 Acres
    Value Estimation by Request

    829 Grand Ave, Spencer, IA 51301-5733

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    704 Grand Ave
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,432 SF Lot: 0.67 Acres

    704 Grand Ave, Spencer, IA 51301-5730

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    331 11th SW St
    BAR, TAVERN
    3,304 SF Lot: 0.28 Acres
    Value Estimation by Request

    331 11th SW St, Spencer, IA 51301-5801

    View details
    706 11th SW St
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,857 SF Lot: 0.72 Acres
    Estimated value
    $1,390,000

    706 11th SW St, Spencer, IA 51301-5560

    View details
    1400 12th SW Ave
    DRIVE-THRU RESTAURANT, FAST FOOD
    1,461 SF Lot: 0.75 Acres
    Value Estimation by Request

    1400 12th SW Ave, Spencer, IA 51301-5671

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    202 11th St Sw Plz
    RESTAURANT
    5,438 SF Lot: 0.90 Acres

    202 11th St Sw Plz, Spencer, IA 51301-5814

    View details
    316 Grand Ave
    BAR, TAVERN
    3,000 SF Lot: 0.04 Acres
    Value Estimation by Request

    316 Grand Ave, Spencer, IA 51301-4141

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    1721 1st W Ave
    RESTAURANT
    4,080 SF Lot: 0.62 Acres
    Value Estimation by Request

    1721 1st W Ave, Spencer, IA 51301-3438

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    1919 Hwy Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,612 SF Lot: 0.33 Acres
    Value Estimation by Request

    1919 Hwy Blvd, Spencer, IA 51301-2218

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    18 4th St
    RESTAURANT
    4,525 SF Lot: 0.07 Acres
    Value Estimation by Request

    18 4th St, Spencer, IA 51301-4009

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    208 Grand Ave
    RESTAURANT
    260 SF Lot: 0.02 Acres
    Value Estimation by Request

    208 Grand Ave, Spencer, IA 51301-4121

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    214 Grand Ave
    RESTAURANT
    5,880 SF Lot: 0.09 Acres
    Value Estimation by Request

    214 Grand Ave, Spencer, IA 51301-4121

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    312 Grand Ave
    RESTAURANT
    2,002 SF Lot: 0.10 Acres
    Value Estimation by Request

    312 Grand Ave, Spencer, IA 51301-4141

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    1205 Grand Ave
    RESTAURANT
    7,584 SF Lot: 1.08 Acres
    Value Estimation by Request

    1205 Grand Ave, Spencer, IA 51301-5913

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    723 Grand Ave
    RESTAURANT
    2,004 SF Lot: 0.71 Acres
    Value Estimation by Request

    723 Grand Ave, Spencer, IA 51301-5731

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    921 Grand Ave
    DRIVE-THRU RESTAURANT, FAST FOOD
    3,400 SF Lot: 0.67 Acres
    Value Estimation by Request

    921 Grand Ave, Spencer, IA 51301-5717

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    2304 Hwy Blvd
    BAR, TAVERN
    2,462 SF Lot: 0.44 Acres
    Value Estimation by Request

    2304 Hwy Blvd, Spencer, IA 51301-2108

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    804 11th SW St
    RESTAURANT
    4,908 SF Lot: 0.79 Acres
    Value Estimation by Request

    804 11th SW St, Spencer, IA 51301-5526

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    513 Grand Ave
    BAR, TAVERN
    1,708 SF Lot: 0.31 Acres
    Value Estimation by Request

    513 Grand Ave, Spencer, IA 51301-5322

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    528 Grand Ave
    RESTAURANT
    6,670 SF Lot: 0.15 Acres
    Value Estimation by Request

    528 Grand Ave, Spencer, IA 51301-3912

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    605 Grand Ave
    TAKE-OUT RESTAURANT
    38,092 SF Lot: 0.42 Acres
    Estimated value
    $1,140,000

    605 Grand Ave, Spencer, IA 51301-3921

    View details
    1019 Grand Ave
    RESTAURANT
    3,172 SF Lot: 3.57 Acres
    Value Estimation by Request

    1019 Grand Ave, Spencer, IA 51301-5738

    View details

    Spencer, IA Restaurants Investment Opportunities Market Analysis

    Explore 38 restaurants for sale in Spencer, IA on our real estate platform. These investment opportunities span a total of 5,438 square feet of properties for sale, with an estimated market value of $799,000.

    Sale prices for restaurant properties in Spencer, IA start at $799,000, averaging $799,000, and reaching up to $799,000 — 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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    Top Commercial Asset Segments

    Drive through restaurants 2

    Demographics Overview

    Population 12K
    Population Growth (5Y) +0.0%
    Median Household Income $61,175
    College Educated 35.9%

    Taxes & Financing

    Tax Rate (average for all types) 2.27%
    Property Tax per SF $32.12 per sq ft
    Tax Rate vs County Average 0.19 pp above county avg
    Average Loan-to-Value 65.0%

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