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    Spirit Lake, IA
    Restaurants

    Spirit Lake, IA Restaurants for Sale

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    Orleans, IA Okoboji, IA Arnolds Park, IA Wahpeton, IA Milford, IA Lake Park, IA Estherville, IA Fostoria, IA
    Drive-Through Restaurant Building
    Updated: Aug 9
    Drive-Through Restaurant Building

    2209 Circle Drive, Spirit Lake, IA 51360

    $650,000
    1.4‑acre restaurant property at the corner of Highways 71 and 9
    More than 5,000 vehicles pass the site each day
    Drive‑through with commercial hood, walk‑in cooler, and walk‑in freezer
    Large paved parking lot with driveway access
    Recent roof and furnace improvements
    View details
    Drive-Through Restaurant Building
    Updated: May 8
    Drive-Through Restaurant Building

    3307 Hwy 71, Spirit Lake, IA 51360

    $795,000
    1.24‑acre commercial property at 3307 Hwy 71, Spirit Lake, IA 51360
    Layout suited to full‑service restaurant, drive‑through coffee shop, or quick‑service operations
    Interior equipment removed; restrooms remain in place
    Brick and metal siding building with metal roof
    Forced‑air heating and central air conditioning
    View details
    Double-Lane Drive-Through Restaurant
    Double-Lane Drive-Through Restaurant

    604 18th St, Spirit Lake, IA 51360

    Contact for pricing

    Recently built restaurant space with dual service windows and commercial kitchen infrastructure already installed.

    View details
    See hot listings in Spirit Lake

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Drive-Through Restaurant Building
    Drive-Through Restaurant Building

    2209 Circle Drive W, Spirit Lake, IA 51360

    $650,000
    3,569 sqft 1.40 AC lot

    Restaurant property with commercial kitchen infrastructure, cold storage, and a paved parking area.

    View details
    Based on your search, we've compiled 31 Potential Opportunities for your consideration. Besides 4 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

    Opportunities in Nearby Cities

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

    40-Key Hotel with Restaurant
    40-Key Hotel with Restaurant

    2007 Highway 71 N, Jackson, MN 56143

    $1,350,000
    30,514 sqft

    Hospitality property with food-and-beverage space, event rooms, and an on-site pool area.

    View details
    40-Key Motel With Event Facilities
    40-Key Motel With Event Facilities

    2007 Highway 71 N, Jackson, MN 56143

    $1,350,000
    6.17 AC lot

    Hospitality property combining lodging, food service, banquet space, recreational amenities, and an owner or manager residence.

    View details
    Bar and Pub with Full Kitchen
    Bar and Pub with Full Kitchen

    120 N Main, George, IA 51237

    $125,000
    0.06 AC lot

    Operating pub property with a full bar, liquor store, outdoor seating, and updated customer facilities.

    View details
    Turn Key Pub For Sale
    Turn Key Pub For Sale

    120 N Main St, George, IA 51237

    $125,000
    0.06 AC lot

    Profitable, fully operational pub with full kitchen and liquor store.

    View details

    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

    3840 Hwy 71, Spirit Lake, IA 51360-7197

    Estimated value:
    $780,000
    5,072 sqft 3.76 AC lot
    View details
    2209 Cir W Dr
    RESTAURANT

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

    Estimated value:
    $475,000
    3,569 sqft 1.41 AC lot
    View details
    817 Lk St
    RESTAURANT

    817 Lk St, Spirit Lake, IA 51360-1649

    Estimated value:
    $205,000
    2,640 sqft 0.06 AC lot
    View details
    3307 Hwy 71
    RESTAURANT

    3307 Hwy 71, Spirit Lake, IA 51360-7633

    Estimated value:
    $885,000
    3,510 sqft 1.24 AC lot
    View details
    100 Hl Ave
    RESTAURANT

    100 Hl Ave, Spirit Lake, IA 51360

    Estimated value:
    $195,000
    800 sqft 0.68 AC lot
    View details
    1821 18th St
    BAR, TAVERN

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

    Estimated value:
    $260,000
    2,808 sqft 0.22 AC lot
    View details
    2308 17th St
    RESTAURANT

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

    Estimated value:
    $485,000
    8,752 sqft 0.87 AC lot
    View details
    2325 41st St
    BAR, TAVERN

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

    Estimated value:
    $615,000
    6,048 sqft 12.77 AC lot
    View details
    1611 Hl Ave
    BAR, TAVERN

    1611 Hl Ave, Spirit Lake, IA 51360-1639

    Estimated value:
    $230,000
    1,953 sqft 0.07 AC lot
    View details
    3601 Hwy 71
    RESTAURANT

    3601 Hwy 71, Spirit Lake, IA 51360-7298

    Estimated value:
    $275,000
    1,768 sqft 0.21 AC lot
    View details
    1601 Hl Ave
    RESTAURANT

    1601 Hl Ave, Spirit Lake, IA 51360-1639

    Estimated value:
    $250,000
    3,894 sqft 0.14 AC lot
    View details
    817 Lk St
    RESTAURANT

    817 Lk St, Spirit Lake, IA 51360-1649

    Estimated value:
    $250,000
    6,387 sqft 0.17 AC lot
    View details
    918 Lk St
    BAR, TAVERN

    918 Lk St, Spirit Lake, IA 51360-1686

    Estimated value:
    $245,000
    2,950 sqft 0.17 AC lot
    View details
    1604 Hl Ave
    RESTAURANT

    1604 Hl Ave, Spirit Lake, IA 51360-1640

    Estimated value:
    $195,000
    2,200 sqft 0.07 AC lot
    View details
    1609 Hl Ave
    BAR, TAVERN

    1609 Hl Ave, Spirit Lake, IA 51360-1639

    Estimated value:
    $165,000
    1,387 sqft 0.07 AC lot
    View details
    3501 Hwy 71
    DRIVE-THRU RESTAURANT, FAST FOOD

    3501 Hwy 71, Spirit Lake, IA 51360-7035

    Estimated value:
    $450,000
    3,659 sqft 1.16 AC lot
    View details
    2329 Cir W Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

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

    Estimated value:
    $305,000
    2,194 sqft 0.78 AC lot
    View details
    2308 22nd St
    BAR, TAVERN

    2308 22nd St, Spirit Lake, IA 51360

    Estimated value:
    $245,000
    4,000 sqft 0.34 AC lot
    View details
    2003 18th St
    RESTAURANT

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

    Estimated value:
    $390,000
    6,636 sqft 0.70 AC lot
    View details
    2019 18th St
    DRIVE-THRU RESTAURANT, FAST FOOD

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

    Estimated value:
    $300,000
    2,160 sqft 1.06 AC lot
    View details

    Spirit Lake, IA Restaurants Market Trends and Statistics

    Explore 27 restaurants for sale in Spirit Lake, IA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 3,569 square feet of properties for sale, with an estimated market value of $2,095,000.

    Sale prices for restaurant properties in Spirit Lake, IA start at $650,000, averaging $698,333, and reaching up to $795,000 — 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 4
    Conventional restaurants 3
    Coffee shops 2
    Commercial kitchens 1

    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 $713.3K

    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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    • 51360

    Featured Spirit Lake Real Estate Agencies

    Realmo connects you with licensed Spirit Lake CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Hinn Real Estate
    2916 Hwy 71 S Spirit Lake, IA 51360
    Phone: 17123361240
    www.buyokoboji.com

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