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    Spirit Lake, IA Restaurants for Sale

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    Orleans, IA Okoboji, IA Arnolds Park, IA
    Drive-Thru Ready Restaurant Building
    $895,000
    Drive-Thru Ready Restaurant Building

    3307 Hwy 71, Spirit Lake, IA 51360

    Versatile former bank/restaurant building with drive-thru infrastructure and strong highway exposure for restaurants or retail.
    • 7,196 SF versatile commercial building on 1.24 acres in Spirit Lake
    • Previously a bank and later a restaurant; interior cleared of equipment for new use
    • Infrastructure suited for restaurant concepts, including drive‑thru and to‑go options (per existing layout)
    • High‑traffic, high‑visibility site with Highway 71 access and signage potential (per remarks)
    • Brick and metal siding construction; metal roof; forced air heating and central air
    Updated: May 8
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    Spirit Lake Commercial Opportunity
    $675,000
    1.40 Acres
    Spirit Lake Commercial Opportunity

    2209 Circle Dr, Spirit Lake, IA 51360

    High-visibility commercial property with drive-thru in Spirit Lake, Iowa.
    • High‑visibility location at the corner of Highways 71 and 9 with over 5,000 vehicles passing daily
    • Move‑in ready building formerly a national chain restaurant
    • Includes a drive‑thru, commercial hood, walk‑in cooler and freezer, and large paved parking lot
    • Recent improvements include a new roof and furnace
    • Available for sale or lease
    Updated: Jan 15
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    Drive-Through Restaurant Space
    Contact for pricing
    Drive-Through Restaurant Space

    Drive-thru equipped restaurant/coffee space with dual service windows and key kitchen infrastructure for quick-serve operations.

    604 18th St, Spirit Lake, IA 51360

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    Based on your search, we've compiled 34 Potential Opportunities for your consideration. Besides 3 Active listings in Spirit Lake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 23 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.

    Turnkey Restaurant with Outdoor Patio
    $299,000
    0.92 Acres
    Turnkey Restaurant with Outdoor Patio

    Updated restaurant and bar with a newly added 2024 patio, ready for continued dining and event use.

    1113 S 2nd Avenue, Sheldon, IA 51201

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    Turnkey Pub with Kitchen and Bar
    $125,000
    0.06 Acres
    Turnkey Pub with Kitchen and Bar

    Turnkey pub with full kitchen, bar, liquor store, updated interiors, and indoor and outdoor seating in George.

    120 N Main, George, IA 51237

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    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

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    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
    Mankato Commercial Land For Sale
    $937,312
    1.26 Acres
    Mankato Commercial Land For Sale

    Prime commercial ground in Mankato's newest development area.

    Coneflower Lane, Mankato, MN 56001

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    Prime Commercial Outlot Opportunity
    $300,000
    0.75 Acres
    Prime Commercial Outlot Opportunity

    Strategically located 0.75-acre commercial outlot with high traffic exposure.

    Premier Drive, Mankato, MN 56001

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    Commercial Land Near Retail Hub
    Contact for pricing
    Commercial Land Near Retail Hub

    Land available in high-traffic area near major retailers.

    1770 Premier Drive, Mankato, MN 56001

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    Off-Market Properties in Spirit Lake, IA

    Consider similar Off-Market properties in Spirit Lake, 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.

    3840 Hwy 71
    RESTAURANT
    5,072 SF Lot: 3.76 Acres

    3840 Hwy 71, Spirit Lake, IA 51360-7197

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    2209 Cir W Dr
    RESTAURANT
    3,569 SF Lot: 1.41 Acres

    2209 Cir W Dr, Spirit Lake, IA 51360-1065

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    817 Lk St
    RESTAURANT
    2,640 SF Lot: 0.06 Acres
    Value Estimation by Request

    817 Lk St, Spirit Lake, IA 51360-1649

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    3307 Hwy 71
    RESTAURANT
    3,510 SF Lot: 1.24 Acres

    3307 Hwy 71, Spirit Lake, IA 51360-7633

    View details
    100 Hl Ave
    RESTAURANT
    800 SF Lot: 0.68 Acres
    Value Estimation by Request

    100 Hl Ave, Spirit Lake, IA 51360

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    1821 18th St
    BAR, TAVERN
    2,808 SF Lot: 0.22 Acres
    Value Estimation by Request

    1821 18th St, Spirit Lake, IA 51360-1092

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    2308 17th St
    RESTAURANT
    8,752 SF Lot: 0.87 Acres
    Value Estimation by Request

    2308 17th St, Spirit Lake, IA 51360-1264

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    2325 41st St
    BAR, TAVERN
    6,048 SF Lot: 12.77 Acres
    Estimated value
    $615,000

    2325 41st St, Spirit Lake, IA 51360-8204

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    1611 Hl Ave
    BAR, TAVERN
    1,953 SF Lot: 0.07 Acres
    Value Estimation by Request

    1611 Hl Ave, Spirit Lake, IA 51360-1639

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    3601 Hwy 71
    RESTAURANT
    1,768 SF Lot: 0.21 Acres
    Value Estimation by Request

    3601 Hwy 71, Spirit Lake, IA 51360-7298

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    1601 Hl Ave
    RESTAURANT
    3,894 SF Lot: 0.14 Acres
    Value Estimation by Request

    1601 Hl Ave, Spirit Lake, IA 51360-1639

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    817 Lk St
    RESTAURANT
    6,387 SF Lot: 0.17 Acres
    Value Estimation by Request

    817 Lk St, Spirit Lake, IA 51360-1649

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    918 Lk St
    BAR, TAVERN
    2,950 SF Lot: 0.17 Acres
    Value Estimation by Request

    918 Lk St, Spirit Lake, IA 51360-1686

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    1604 Hl Ave
    RESTAURANT
    2,200 SF Lot: 0.07 Acres
    Value Estimation by Request

    1604 Hl Ave, Spirit Lake, IA 51360-1640

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    1609 Hl Ave
    BAR, TAVERN
    1,387 SF Lot: 0.07 Acres
    Value Estimation by Request

    1609 Hl Ave, Spirit Lake, IA 51360-1639

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    3501 Hwy 71
    DRIVE-THRU RESTAURANT, FAST FOOD
    3,659 SF Lot: 1.16 Acres
    Value Estimation by Request

    3501 Hwy 71, Spirit Lake, IA 51360-7035

    View details
    2329 Cir W Dr
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,194 SF Lot: 0.78 Acres
    Value Estimation by Request

    2329 Cir W Dr, Spirit Lake, IA 51360-1066

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    2308 22nd St
    BAR, TAVERN
    4,000 SF Lot: 0.34 Acres
    Value Estimation by Request

    2308 22nd St, Spirit Lake, IA 51360

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    2003 18th St
    RESTAURANT
    6,636 SF Lot: 0.70 Acres
    Value Estimation by Request

    2003 18th St, Spirit Lake, IA 51360-1061

    View details
    2019 18th St
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,160 SF Lot: 1.06 Acres
    Value Estimation by Request

    2019 18th St, Spirit Lake, IA 51360-1070

    View details
    1007 18th St
    DRIVE-THRU RESTAURANT, FAST FOOD
    1,400 SF Lot: 0.28 Acres
    Value Estimation by Request

    1007 18th St, Spirit Lake, IA 51360-1013

    View details

    Spirit Lake, IA Restaurants Market Trends and Statistics

    Explore 26 restaurants for sale in Spirit Lake, IA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,570,000.

    Sale prices for restaurant properties in Spirit Lake, IA start at $0.00, averaging $523,333, and reaching up to $895,000 — 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

    Commercial property segments ranked by active listings on the market

    Drive through restaurants 3
    Coffee shops 2
    Conventional restaurants 2

    Demographics Overview

    Population 8,561
    Population Growth (5Y) +4.7%
    Median Household Income $77,464
    College Educated 44.0%

    High-Yield Neighborhoods for Investment

    Identify Spirit Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    51360 $785K

    Taxes & Financing

    Tax Rate (average for all types) 1.70%
    Property Tax per SF $16.92 per SF
    Tax Rate vs County Average 0.04 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Dickinson County

    New Delisted

    Total CRE Inventory on Market (SF)

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