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Spirit Lake, IA

Retail

Spirit Lake, IA Retail Properties & Spaces for Sale

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Orleans, IA Okoboji, IA Arnolds Park, IA Wahpeton, IA Milford, IA West Okoboji, IA Jackson, MN Lake Park, IA

Restaurant-Ready Drive-Through Building

Updated: May 8

Restaurant-Ready Drive-Through Building

3307 Hwy 71, Spirit Lake, IA 51360

$875,000

7,196 SF building on 1.24 acres with high traffic highway frontage in Spirit Lake
Originally a bank and later a restaurant; interior cleared of equipment and ready for a new layout
Infrastructure suited for a full‑service restaurant, drive‑thru coffee shop, or quick‑service to‑go concept
Heating: forced air; cooling: central air
Metal roof and brick with metal siding exterior

NNN Furniture Retail Investment

Updated: Jul 10

NNN Furniture Retail Investment

2502 17th Street, Spirit Lake, IA 51360

$3,911,000

Fee‑simple NNN leased furniture retail property in Spirit Lake, Iowa
Built in 1984
Long‑term lease with Furniture Mart USA, Inc. through June 2031, with four (5‑year) renewal options
NNN lease structure with limited landlord responsibilities
Shared capital expense structure: 1/3 tenant and 2/3 landlord for major roof, HVAC, and parking lot replacements

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Spirit Lake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 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.

Retail/Office Drive-Thru Building

Retail/Office Drive-Thru Building

1010 2nd Ave, Worthington, MN 56187

Contact for pricing

12,758 sqft 1.20 AC lot

Retail/office building with an existing multi-lane drive-thru and ample off-street parking on 1.2 acres.

Former Truck Shop with Extras

Former Truck Shop with Extras

906 E Milwaukee St, Spencer, IA 51301

$350,000

9,800 sqft 0.79 AC lot

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

Two-Unit Retail Storefront

Two-Unit Retail Storefront

1317 Ray Drive, Worthington, MN 56187

$1,195,000

Well-maintained two-unit commercial building offers separate spaces under one roof with ample parking and move-in ready interiors.

Retail Building with Residential Units

Retail Building with Residential Units

519 Grand Ave, Spencer, IA 51301

$329,900

Established retail space with two occupied apartments on Grand Avenue in Spencer, offering combined commercial and residential income.

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

Highway Frontage Commercial Lot

1909 18Th Street, Spirit Lake, IA 51360

$375,000

0.69 AC lot

High-visibility commercial lot on heavily traveled highway.

Graded Commercial Land Parcel

Graded Commercial Land Parcel

P Avenue, Milford, IA 51351

$695,000

4.70 AC lot

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

Commercial Lots in Graettinger, Iowa

Commercial Lots in Graettinger, Iowa

N Cedar Avenue, Graettinger, IA 51342

$34,999

0.79 AC lot

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

Commercial Land with Highway Frontage

Commercial Land with Highway Frontage

240 3rd Avenue, Windom, MN 56101

$138,900

0.38 AC lot

Level 0.38-acre commercial lot on Hwy 60/71 with approved site plan and city water/sewer at curb.

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

$820,000

Estimated value

5,072 sqft 3.76 AC lot

3114 Aurora Ave

CAR WASH - SELF-SERVE

3114 Aurora Ave, Spirit Lake, IA 51360

Value Estimation by Request

3,090 sqft 0.66 AC lot

2702 17th St

VEHICLE SALES, RENTALS

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

$1,750,000

Estimated value

2,700 sqft 2.24 AC lot

3060 Hwy 71a

RETAIL STORES (PERSONAL SERVICES)

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

Value Estimation by Request

2,400 sqft 0.06 AC lot

504 Hl Avea

RETAIL STORES (PERSONAL SERVICES)

504 Hl Avea, Spirit Lake, IA 51360-1400

Value Estimation by Request

4,772 sqft 0.59 AC lot

1710 Ithaca Ave

LAUNDROMAT (SELF-SERVICE)

1710 Ithaca Ave, Spirit Lake, IA 51360-1279

$1,740,000

Estimated value

10,434 sqft 0.35 AC lot

2209 Cir W Dr

RESTAURANT

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

Value Estimation by Request

3,569 sqft 1.41 AC lot

817 Lk St

RESTAURANT

817 Lk St, Spirit Lake, IA 51360-1649

Value Estimation by Request

2,640 sqft 0.06 AC lot

805 Lk St

RETAIL STORES (PERSONAL SERVICES)

805 Lk St, Spirit Lake, IA 51360-1649

Value Estimation by Request

2,188 sqft 0.05 AC lot

3307 Hwy 71

RESTAURANT

3307 Hwy 71, Spirit Lake, IA 51360-7633

$800,000

Estimated value

3,510 sqft 1.24 AC lot

100 Hl Ave

RESTAURANT

100 Hl Ave, Spirit Lake, IA 51360

Value Estimation by Request

800 sqft 0.68 AC lot

1609 18th St

SHOPPING CENTER, STRIP CENTER

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

$1,820,000

Estimated value

14,700 sqft 1.30 AC lot

1201 18th St

CONVENIENCE STORE

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

Value Estimation by Request

2,610 sqft 0.31 AC lot

814 Lk St

RETAIL STORES (PERSONAL SERVICES)

814 Lk St, Spirit Lake, IA 51360-1650

Value Estimation by Request

1,434 sqft 0.06 AC lot

3524 Hwy 71

RETAIL STORES (PERSONAL SERVICES)

3524 Hwy 71, Spirit Lake, IA 51360-7644

Value Estimation by Request

2,700 sqft 0.27 AC lot

3425 Hwy 71

RETAIL STORES (PERSONAL SERVICES)

3425 Hwy 71, Spirit Lake, IA 51360-7736

$510,000

Estimated value

5,960 sqft 0.64 AC lot

807 Lk St

RETAIL STORES (PERSONAL SERVICES)

807 Lk St, Spirit Lake, IA 51360-1649

Value Estimation by Request

2,167 sqft 0.05 AC lot

1310 18th St Ste B

RETAIL STORES (PERSONAL SERVICES)

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

Value Estimation by Request

4,312 sqft 0.40 AC lot

2321 30th St

RETAIL STORES (PERSONAL SERVICES)

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

Value Estimation by Request

3,420 sqft 0.57 AC lot

1615 Hl Ave

RETAIL STORES (PERSONAL SERVICES)

1615 Hl Ave, Spirit Lake, IA 51360-1639

Value Estimation by Request

2,713 sqft 0.07 AC lot

1706 Hl Ave

RETAIL STORES (PERSONAL SERVICES)

1706 Hl Ave, Spirit Lake, IA 51360-1238

Value Estimation by Request

1,980 sqft 0.05 AC lot

3205 Zenith Ave

RETAIL STORES (PERSONAL SERVICES)

3205 Zenith Ave, Spirit Lake, IA 51360-1084

Value Estimation by Request

3,630 sqft 0.85 AC lot

Spirit Lake, IA Retail Properties & Spaces Market Trends and Statistics

Explore 72 retail properties & spaces for sale in Spirit Lake, IA on our real estate platform.

Sale prices for stores in Spirit Lake, IA start at $875,000, averaging $2,393,000, and reaching up to $3,911,000 — 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

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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