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    Spencer, IA Restaurants for Sale

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    Des Moines, IA Dubuque, IA Ankeny, IA
    Corner Commercial Opportunity in Spencer
    $79,900
    478 SF

    Corner Commercial Opportunity in Spencer

    17 E 5th Street, Spencer, IA 51301

    Prime corner commercial space ideal for various business ventures.

    • 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 11
    View details
    Valentine Diner on Grand Avenue
    Contact for pricing
    520 SF

    Valentine Diner on Grand Avenue

    208 Grand Avenue, 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
    $799,000
    5,438 SF

    Restaurant with Playground and Office

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

    202 11th St SW, Spencer, IA
    View details
    Based on your search, we've compiled 48 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, plus 4 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

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

    Downtown Restaurant & Lounge For Sale
    $325,000

    Downtown Restaurant & Lounge For Sale

    Restaurant and lounge in prime downtown location, real estate included.

    314 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
    Turnkey Pub in George, Iowa
    $125,000
    0.06 Acres

    Turnkey Pub in George, Iowa

    Profitable pub with full kitchen, bar, and liquor store.

    120 N Main, George, IA 51237
    View details
    Established Business Opportunity in George, IA
    $275,000
    3,000 SF

    Established Business Opportunity in George, IA

    Turnkey business with building, equipment, and established customer base.

    117 E MICHIGAN Ave, George, IA 51237
    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
    Commercial Land on High-Visibility Highway
    $150,000
    1.50 Acres

    Commercial Land on High-Visibility Highway

    1.5 acres of commercial land on a busy highway.

    904-822-821 Lewis Blvd Dubuque St, Sioux City, IA 51105
    View details
    Prime Commercial Space in Sioux City
    Contact for pricing
    2.08 Acres

    Prime Commercial Space in Sioux City

    Exceptional commercial space in downtown Sioux City with high visibility.

    130 Nebraska St, Suite A, Sioux City, IA 51101
    View details
    Elk Point Commercial Lot
    $87,352
    0.51 Acres

    Elk Point Commercial Lot

    Half-acre commercial lot with high visibility in Elk Point.

    2001 Jack Nicklaus Dr., Elk Point, SD 57025
    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.

    416 Grand Ave

    416 Grand Ave

    BAKERY • 4,250 SF
    Value Estimation by Request
    416 Grand Ave, Spencer, IA 51301-4037
    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
    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
    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
    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
    1400 12th SW Ave

    1400 12th SW Ave

    DRIVE-THRU RESTAURANT, FAST FOOD • 1,461 SF
    Value Estimation by Request
    1400 12th SW Ave, Spencer, IA 51301-5671
    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
    316 Grand Ave

    316 Grand Ave

    BAR, TAVERN • 3,000 SF
    Value Estimation by Request
    316 Grand Ave, Spencer, IA 51301-4141
    View details
    1721 1st W Ave

    1721 1st W Ave

    RESTAURANT • 4,080 SF
    Value Estimation by Request
    1721 1st W Ave, Spencer, IA 51301-3438
    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
    18 4th St

    18 4th St

    RESTAURANT • 4,525 SF
    Value Estimation by Request
    18 4th St, Spencer, IA 51301-4009
    View details
    208 Grand Ave

    208 Grand Ave

    RESTAURANT • 260 SF
    Value Estimation by Request
    208 Grand Ave, Spencer, IA 51301-4121
    View details
    214 Grand Ave

    214 Grand Ave

    RESTAURANT • 5,880 SF
    Value Estimation by Request
    214 Grand Ave, Spencer, IA 51301-4121
    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
    1205 Grand Ave

    1205 Grand Ave

    RESTAURANT • 7,584 SF
    Value Estimation by Request
    1205 Grand Ave, Spencer, IA 51301-5913
    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
    921 Grand Ave

    921 Grand Ave

    DRIVE-THRU RESTAURANT, FAST FOOD • 3,400 SF
    Value Estimation by Request
    921 Grand Ave, Spencer, IA 51301-5717
    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
    804 11th SW St

    804 11th SW St

    RESTAURANT • 4,908 SF
    Value Estimation by Request
    804 11th SW St, Spencer, IA 51301-5526
    View details
    513 Grand Ave

    513 Grand Ave

    BAR, TAVERN • 1,708 SF
    Value Estimation by Request
    513 Grand Ave, Spencer, IA 51301-5322
    View details
    528 Grand Ave

    528 Grand Ave

    RESTAURANT • 6,670 SF
    Value Estimation by Request
    528 Grand Ave, Spencer, IA 51301-3912
    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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