Spirit Lake, IA
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    Spirit Lake, IA Retail Properties & Spaces 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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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 1 Active listings in Spirit Lake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 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.

    Warehouse and Retail Building
    $295,000
    1.96 Acres
    Warehouse and Retail Building

    Versatile warehouse with two building sections and convenient front-and-back access near major highway traffic.

    1915 1st Avenue, Windom, MN 56101

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    Former Truck Shop with Extras
    $350,000
    9,800 SF
    Former Truck Shop with Extras

    Insulated, heated shop with office, equipment, and additional lot.

    906 E Milwaukee St, 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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    Windom Strip Center Investment
    $1,990,000
    Windom Strip Center Investment

    Well-maintained strip center with reliable tenants in Windom, MN.

    599 2nd Avenue N, Windom, MN 56101

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    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.

    Highway Frontage Commercial Lot
    $375,000
    0.69 Acres
    Highway Frontage Commercial Lot

    High-visibility commercial lot on heavily traveled highway.

    1909 18Th Street, Spirit Lake, IA 51360

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

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

    N Cedar Avenue, Graettinger, IA 51342

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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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    3114 Aurora Ave
    CAR WASH - SELF-SERVE
    3,090 SF Lot: 0.66 Acres
    Value Estimation by Request

    3114 Aurora Ave, Spirit Lake, IA 51360

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    2702 17th St
    VEHICLE SALES, RENTALS
    2,700 SF Lot: 2.24 Acres
    Estimated value
    $1,750,000

    2702 17th St, Spirit Lake, IA 51360-1081

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    3060 Hwy 71a
    RETAIL STORES (PERSONAL SERVICES)
    2,400 SF Lot: 0.06 Acres
    Value Estimation by Request

    3060 Hwy 71a, Spirit Lake, IA 51360-7279

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    504 Hl Avea
    RETAIL STORES (PERSONAL SERVICES)
    4,772 SF Lot: 0.59 Acres
    Value Estimation by Request

    504 Hl Avea, Spirit Lake, IA 51360-1400

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    1710 Ithaca Ave
    LAUNDROMAT (SELF-SERVICE)
    10,434 SF Lot: 0.35 Acres
    Estimated value
    $1,740,000

    1710 Ithaca Ave, Spirit Lake, IA 51360-1279

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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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    805 Lk St
    RETAIL STORES (PERSONAL SERVICES)
    2,188 SF Lot: 0.05 Acres
    Value Estimation by Request

    805 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

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    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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    1609 18th St
    SHOPPING CENTER, STRIP CENTER
    14,700 SF Lot: 1.30 Acres
    Estimated value
    $1,820,000

    1609 18th St, Spirit Lake, IA 51360-1244

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    1201 18th St
    CONVENIENCE STORE
    2,610 SF Lot: 0.31 Acres
    Value Estimation by Request

    1201 18th St, Spirit Lake, IA 51360-1017

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    814 Lk St
    RETAIL STORES (PERSONAL SERVICES)
    1,434 SF Lot: 0.06 Acres
    Value Estimation by Request

    814 Lk St, Spirit Lake, IA 51360-1650

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    3524 Hwy 71
    RETAIL STORES (PERSONAL SERVICES)
    2,700 SF Lot: 0.27 Acres
    Value Estimation by Request

    3524 Hwy 71, Spirit Lake, IA 51360-7644

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    3425 Hwy 71
    RETAIL STORES (PERSONAL SERVICES)
    5,960 SF Lot: 0.64 Acres
    Estimated value
    $510,000

    3425 Hwy 71, Spirit Lake, IA 51360-7736

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    807 Lk St
    RETAIL STORES (PERSONAL SERVICES)
    2,167 SF Lot: 0.05 Acres
    Value Estimation by Request

    807 Lk St, Spirit Lake, IA 51360-1649

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    1310 18th St Ste B
    RETAIL STORES (PERSONAL SERVICES)
    4,312 SF Lot: 0.40 Acres
    Value Estimation by Request

    1310 18th St Ste B, Spirit Lake, IA 51360-1150

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    2321 30th St
    RETAIL STORES (PERSONAL SERVICES)
    3,420 SF Lot: 0.57 Acres
    Value Estimation by Request

    2321 30th St, Spirit Lake, IA 51360-7295

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    1615 Hl Ave
    RETAIL STORES (PERSONAL SERVICES)
    2,713 SF Lot: 0.07 Acres
    Value Estimation by Request

    1615 Hl Ave, Spirit Lake, IA 51360-1639

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    1706 Hl Ave
    RETAIL STORES (PERSONAL SERVICES)
    1,980 SF Lot: 0.05 Acres
    Value Estimation by Request

    1706 Hl Ave, Spirit Lake, IA 51360-1238

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    3205 Zenith Ave
    RETAIL STORES (PERSONAL SERVICES)
    3,630 SF Lot: 0.85 Acres
    Value Estimation by Request

    3205 Zenith Ave, Spirit Lake, IA 51360-1084

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    1614 Hl Ave
    RETAIL STORES (PERSONAL SERVICES)
    3,740 SF Lot: 0.07 Acres
    Value Estimation by Request

    1614 Hl Ave, Spirit Lake, IA 51360-1640

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    Spirit Lake, IA Retail Properties & Spaces Investment Opportunities Market Analysis

    Explore 72 retail properties & spaces for sale in Spirit Lake, IA 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 $895,000.

    Sale prices for stores in Spirit Lake, IA start at $895,000, averaging $895,000, 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

    Shopping centers 1
    Showrooms 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 $895K

    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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