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    Spencer, IA
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    Spencer, IA Retail Properties & Spaces for Sale

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    Fostoria, IA Everly, IA Milford, IA
    7 results
    Premium Commercial Unit in Spencer
    $285,000
    3,200 SF
    Premium Commercial Unit in Spencer

    11th Avenue, Spencer, IA 51301

    New construction commercial unit perfect for storage, business, or investment.
    • Prime Location: Excellent exposure just off Hwy 71 in Spencer.
    • New Construction: Built in 2023, ensuring modern standards and minimal maintenance.
    • High‑Quality Construction: Features southern yellow pine framing, 6‑inch reinforced concrete floors, and robust insulation.
    • Flexible Usage: Ideal for storage, contractor space, small business operations, or investment.
    • Essential Utilities: Serviced with city water & sewer, natural gas (Black Hills Energy), and electricity (Iowa Lakes Electric).
    Updated: Feb 19
    View details
    Former Truck Shop with Extras
    $350,000
    9,800 SF
    Former Truck Shop with Extras

    906 E Milwaukee St, Spencer, IA 51301

    Insulated, heated shop with office, equipment, and additional lot.
    • Large 60x180 insulated and heated building (approx. 9000 sq ft shop + 800 sq ft office)
    • Includes valuable equipment: Two Hotsy pressure washers, acid wash system, fire hose system (350 psi), complete office equipment, 5‑line phone system, computer system
    • Multiple large garage doors (12'-20' high) with remotes
    • Complete office area with equipment, 3 bathrooms, washer/dryers, and shower
    • New heater and new water heater
    Updated: Aug 28, 2025
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    Premium Commercial Unit in Spencer
    $285,000
    3,200 SF
    Premium Commercial Unit in Spencer

    New commercial unit with excellent exposure off Hwy 71.

    11th Avenue, Spencer, IA 51301

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    Mixed-Use Commercial Property in Spencer
    $399,000
    6,200 SF
    Mixed-Use Commercial Property in Spencer

    Office, retail, and warehouse space with parking on 0.5-acre lot.

    2 N Grand Ave, Spencer, IA 51301

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    Anchored Retail Center For Sale
    $5,336,500
    42,756 SF
    Anchored Retail Center For Sale

    Retail center with national tenants and minimal landlord responsibilities.

    700 11th St SW, Spencer, IA 51301

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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

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    Prime Retail Location Available
    Contact for pricing
    1,250 SF
    Prime Retail Location Available

    Retail space in high-traffic area near US HWY 18/71.

    1015 S Grand Avenue, Spencer, IA 51301

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 7 Active listings in Spencer, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 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.

    Historic Retail and Studio Building
    $169,000
    0.06 Acres
    Historic Retail and Studio Building

    Downtown commercial building with classic brick architecture and an existing dance studio tenant on separate levels.

    522 LAKE AVE, Storm Lake, IA 50588

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    Renovated Multifamily Asset, Algona, IA
    $1,200,000
    Renovated Multifamily Asset, Algona, IA

    Fully renovated multifamily asset with income and development potential.

    1906 90th Avenue, Algona, IA 50511

    View details
    Freestanding Retail Building with Drive-Thru
    $399,900
    2,861 SF
    Freestanding Retail Building with Drive-Thru

    2,861 SF retail building with drive-thru on 0.75 acres.

    1513 HWY 169 N, Algona, IA 50511

    View details
    Commercial Building Near Boz Wellz
    $49,500
    1,835 SF
    Commercial Building Near Boz Wellz

    1835 SF commercial building with street visibility, ready for renovation.

    505 Erie St, Storm Lake, IA 50588

    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.

    Graded Commercial Land Parcel
    $695,000
    4.70 Acres
    Graded Commercial Land Parcel

    A graded commercial parcel with arterial commercial zoning and utilities available in the street for straightforward site development.

    P Avenue, Milford, IA 51351

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    Commercial Land in Spirit Lake
    $123,500
    0.44 Acres
    Commercial Land in Spirit Lake

    Commercial zoned land in a prime business location.

    Lake Street, Spirit Lake, IA 51360

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    Commercial Lots in Graettinger, Iowa
    $34,999
    Commercial Lots in Graettinger, Iowa

    Two bare lots, commercially zoned, potential for residential rezoning.

    N Cedar Avenue, Graettinger, IA 51342

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    Commercial Land on Highway 60&71
    $138,900
    0.38 Acres
    Commercial Land on Highway 60&71

    0.38 acre commercial lot with high traffic exposure.

    240 3rd Avenue, Windom, MN 56101

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    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.

    715 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)
    3,538 SF Lot: 0.79 Acres
    Value Estimation by Request

    715 Grand Ave, Spencer, IA 51301-5731

    View details
    325 11th SW St
    RETAIL STORES (PERSONAL SERVICES)
    4,055 SF Lot: 0.41 Acres
    Value Estimation by Request

    325 11th SW St, Spencer, IA 51301-5801

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    1014 11th SW Ave
    RETAIL STORES (PERSONAL SERVICES)
    32,801 SF Lot: 2.94 Acres
    Estimated value
    $800,000

    1014 11th SW Ave, Spencer, IA 51301-6207

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    10 3rd St
    RETAIL STORES (PERSONAL SERVICES)
    6,600 SF Lot: 0.32 Acres
    Value Estimation by Request

    10 3rd St, Spencer, IA 51301-4132

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    915 13th SW St
    RETAIL STORES (PERSONAL SERVICES)
    16,800 SF Lot: 4.92 Acres
    Estimated value
    $865,000

    915 13th SW St, Spencer, IA 51301-5566

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    101 5th St
    RETAIL STORES (PERSONAL SERVICES)
    8,280 SF Lot: 0.49 Acres
    Value Estimation by Request

    101 5th St, Spencer, IA 51301-5012

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    100 12th SW St
    LAUNDROMAT (SELF-SERVICE)
    544 SF Lot: 2.44 Acres
    Estimated value
    $1,095,000

    100 12th SW St, Spencer, IA 51301-5845

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    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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    417 Grand Ave
    BARBER, HAIR SALON
    5,000 SF Lot: 0.08 Acres
    Value Estimation by Request

    417 Grand Ave, Spencer, IA 51301-4026

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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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    317 11th SW St
    RETAIL STORES (PERSONAL SERVICES)
    12,168 SF Lot: 0.65 Acres
    Value Estimation by Request

    317 11th SW St, Spencer, IA 51301-5801

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    510 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)
    5,538 SF Lot: 0.13 Acres
    Value Estimation by Request

    510 Grand Ave, Spencer, IA 51301

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    422 1st E Ave
    RETAIL STORES (PERSONAL SERVICES)
    8,200 SF Lot: 0.19 Acres
    Value Estimation by Request

    422 1st E Ave, Spencer, IA 51301-4001

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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

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    416 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)
    9,649 SF Lot: 0.35 Acres
    Value Estimation by Request

    416 Grand Ave, Spencer, IA 51301-5319

    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

    Spencer, IA Retail Properties & Spaces Investment Opportunities Market Analysis

    Explore 72 retail properties & spaces for sale in Spencer, IA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 70,594 square feet of properties for sale, with an estimated market value of $7,454,500.

    Sale prices for stores in Spencer, IA start at $285,000, averaging $1,242,416, and reaching up to $5,336,500 — 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

    Auto shops 1
    Automotive properties 1
    Shopping centers 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Spencer submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    51301 $1.1M

    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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