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    Spencer, IA Retail Properties for Sale

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    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
    View details
    Former Truck Shop with Extras
    $350,000
    9,644 SF

    Former Truck Shop with Extras

    906 E Milwaukee St, Spencer, IA 51301

    Versatile commercial building with included equipment and additional lot.

    • Large, insulated, and heated 60x180 main shop with concrete floor.
    • Includes adjacent 165' x 208' east lot.
    • Three garage doors (12' to 20' high) with remotes.
    • Equipped with two Hotsy pressure washers, acid wash system, and fire hose system (350 psi).
    • Complete office area with equipment, 5‑line phone system, and computer system.
    Updated: Nov 23, 2025
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    Restaurant with Playground and Office
    $599,000
    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 196 Potential Opportunities for your consideration. Besides 3 Active listings in Spencer, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 188 Off-Market properties to explore as potential leads, plus 1 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.

    Highway 71 Commercial Property
    $895,000
    7,196 SF

    Highway 71 Commercial Property

    Prime commercial property on Highway 71 in Spirit Lake, Iowa.

    3307 Highway 71 S, Spirit Lake, IA 51360
    View details
    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
    Versatile Retail Building For Sale
    $75,000
    2,400 SF

    Versatile Retail Building For Sale

    Commercial retail building in high-traffic location with flexible layout.

    506 Central Ave, Estherville, IA 51334
    View details
    Prime Commercial Property in Estherville
    $289,000
    5,500 SF

    Prime Commercial Property in Estherville

    Centrally located commercial property with high visibility and long-term tenant.

    703 1St Ave S, Estherville, IA 51334
    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.

    Commercial Land Near Fairgrounds
    $630,000
    1,536 SF

    Commercial Land Near Fairgrounds

    5.5 acres with dwelling and garage near Clay County Fairgrounds.

    1004 W 18Th St, Spencer, IA 51301
    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.

    125 4th St

    125 4th St

    FINANCIAL BUILDING • 10,432 SF
    Value Estimation
    $245,000
    125 4th St, Spencer, IA 51301-3815
    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
    513 Grand Ave

    513 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 1,860 SF
    Value Estimation
    $235,000
    513 Grand Ave, Spencer, IA 51301-3913
    View details
    313 Grand Ave

    313 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 1,890 SF
    Value Estimation by Request
    313 Grand Ave, Spencer, IA 51301-4142
    View details
    520 Grand Ave

    520 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
    Value Estimation
    $235,000
    520 Grand Ave, Spencer, IA 51301-3912
    View details
    528 Grand Ave

    528 Grand Ave

    RESTAURANT • 6,670 SF
    Value Estimation
    $250,000
    528 Grand Ave, Spencer, IA 51301-3912
    View details
    104 8th St

    104 8th St

    GROCERY, SUPERMARKET • 21,780 SF
    Value Estimation
    $470,000
    104 8th St, Spencer, IA 51301-4310
    View details
    501 Grand Ave

    501 Grand Ave

    DRIVE-THRU RESTAURANT, FAST FOOD • 720 SF
    Value Estimation
    $275,000
    501 Grand Ave, Spencer, IA 51301-5322
    View details
    1900 Grand Ave

    1900 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 1,871 SF
    Value Estimation
    $200,000
    1900 Grand Ave, Spencer, IA 51301-2200
    View details
    309 Grand Ave

    309 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 732 SF
    Value Estimation
    $220,000
    309 Grand Ave, Spencer, IA 51301-4142
    View details
    524 Grand Ave

    524 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 3,125 SF
    Value Estimation
    $235,000
    524 Grand Ave, Spencer, IA 51301-3912
    View details
    418 Grand Ave

    418 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 4,750 SF
    Value Estimation
    $235,000
    418 Grand Ave, Spencer, IA 51301
    View details
    222 Grand Ave

    222 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 5,440 SF
    Value Estimation
    $230,000
    222 Grand Ave, Spencer, IA 51301
    View details
    200 Grand Ave

    200 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 1,716 SF
    Value Estimation
    $240,000
    200 Grand Ave, Spencer, IA 51301-4121
    View details
    1703 Grand Ave

    1703 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 5,736 SF
    Value Estimation
    $245,000
    1703 Grand Ave, Spencer, IA 51301-3435
    View details
    411 18th St

    411 18th St

    CONVENIENCE STORE • 3,781 SF
    Value Estimation
    $335,000
    411 18th St, Spencer, IA 51301-3100
    View details
    304 Grand Ave

    304 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 1,840 SF
    Value Estimation
    $230,000
    304 Grand Ave, Spencer, IA 51301-4141
    View details
    21 4th St

    21 4th St

    RETAIL STORES (PERSONAL SERVICES) • 1,679 SF
    Value Estimation
    $230,000
    21 4th St, Spencer, IA 51301-4010
    View details
    400 Grand Ave

    400 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 7,100 SF
    Value Estimation
    $225,000
    400 Grand Ave, Spencer, IA 51301-4037
    View details
    409 Grand Ave

    409 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
    Value Estimation
    $225,000
    409 Grand Ave, Spencer, IA 51301-4026
    View details
    307 Grand Ave

    307 Grand Ave

    RETAIL STORES (PERSONAL SERVICES) • 2,250 SF
    Value Estimation
    $225,000
    307 Grand Ave, Spencer, IA 51301-4142
    View details

    Spencer, IA Retail Properties Investment Opportunities Market Analysis

    Explore 191 retail properties for sale in Spencer, IA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 3,903,911 square feet of properties for sale, with an estimated market value of $35,765,000.

    Prices for stores in Spencer, IA start at $65,000, averaging $286,120, and reaching up to $1,620,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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    Browse Retail properties for Sale Near Spencer, IA

    Popular Searches in Spencer, IA

    Most Searched ZIP Codes in Spencer, IA

    • 51301

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