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    Spirit Lake, IA
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    Spirit Lake, IA Specialty Properties for Sale

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    Orleans, IA Arnolds Park, IA Wahpeton, IA Milford, IA West Okoboji, IA Jackson, MN Lake Park, IA Estherville, 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
    Over 5,000 vehicles pass by each day
    Drive‑through building with commercial hood, walk‑in cooler, and walk‑in freezer
    Large paved parking lot on level ground
    New roof and furnace
    View details
    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
    View details
    Historic Event Barn Property
    Historic Event Barn Property

    2325 41st St, Spirit Lake, IA 51360

    Contact for pricing
    12.77 AC lot

    Restored barn property with two fully finished levels, multiple bars, freight elevator, and sand volleyball courts.

    View details
    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 33 Potential Opportunities for your consideration. Besides 3 Active listings in Spirit Lake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 22 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.

    Updated Restaurant with Patio
    Updated Restaurant with Patio

    1113 S 2nd Ave, Sheldon, IA 51201

    $299,000
    0.92 AC lot

    Commercially zoned restaurant property offers adaptable gathering space with an outdoor patio.

    View details
    Hardee's NNN Lease Investment
    Hardee's NNN Lease Investment

    505 2nd Ave, Sheldon, IA 51201

    Contact for pricing
    3,434 sqft 0.82 AC lot

    Long-term NNN lease with rent escalations in Sheldon, Iowa.

    View details
    Spacious Worthington Property with Basement
    Spacious Worthington Property with Basement

    965 Mcmillan Street, Worthington, MN 56187

    $1,400,000
    20,253 sqft 2.46 AC lot

    2.46 acres, 13,433 SF main level, full basement, many rooms.

    View details
    Church-Style Office Building
    Church-Style Office Building

    627 Clary St, Worthington, MN 56187

    $429,900

    Well-maintained building on a corner lot with multiple rooms suitable for office use and shared kitchen and restroom facilities.

    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.

    Residential Lots Near Vintage Airpark
    Residential Lots Near Vintage Airpark

    1944 Airport Road N, Larchwood, IA 51241

    $112,000
    1.66 AC lot

    Residential lots near Zangger Vintage Airpark in Larchwood, Iowa.

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    Residential Lots Near Vintage Airpark
    Residential Lots Near Vintage Airpark

    1942 Airport Road N, Larchwood, IA 51241

    $112,000
    1.66 AC lot

    Residential lots near Zangger Vintage Airpark in Larchwood, Iowa.

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    Residential Lots Near Vintage Airpark
    Residential Lots Near Vintage Airpark

    1937 Clarence Lane, Larchwood, IA 51241

    $97,000
    1.76 AC lot

    Residential lots near Zangger Vintage Airpark in Larchwood, Iowa.

    View details
    Residential Lots at Zangger Airpark
    Residential Lots at Zangger Airpark

    1940 Airport Road N, Larchwood, IA 51241

    $112,000
    1.66 AC lot

    Residential lots near Larchwood, Iowa, close to Sioux Falls.

    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.

    713 22nd St
    DAY CARE, PRE-SCHOOL

    713 22nd St, Spirit Lake, IA 51360-1525

    $190,000
    Estimated value
    2,064 sqft 0.26 AC lot
    View details
    1964 Hwy 9th 9
    VETERINARY, ANIMAL HOSPITAL

    1964 Hwy 9th 9, Spirit Lake, IA 51360-7521

    $240,000
    Estimated value
    6,298 sqft 2.58 AC lot
    View details
    2349 Quail Run Ave
    PROFESSIONAL CLUBS/ASSOCIATIONS

    2349 Quail Run Ave, Spirit Lake, IA 51360

    $240,000
    Estimated value
    1,200 sqft 0.26 AC lot
    View details
    2101 Zenith Ave
    CHARITABLE ORGANIZATION

    2101 Zenith Ave, Spirit Lake, IA 51360-1063

    $500,000
    Estimated value
    7,384 sqft 2.10 AC lot
    View details
    3575 Zenith Ave
    DAY CARE, PRE-SCHOOL

    3575 Zenith Ave, Spirit Lake, IA 51360-2131

    $240,000
    Estimated value
    3,000 sqft 0.69 AC lot
    View details
    1900 Manhattan Blvd
    PROFESSIONAL CLUBS/ASSOCIATIONS

    1900 Manhattan Blvd, Spirit Lake, IA 51360

    $320,000
    Estimated value
    3,145 sqft 1.30 AC lot
    View details
    914 Lk St
    CHARITABLE ORGANIZATION

    914 Lk St, Spirit Lake, IA 51360-1686

    $430,000
    Estimated value
    4,000 sqft 0.17 AC lot
    View details
    Lk St
    PROFESSIONAL CLUBS/ASSOCIATIONS

    Lk St, Spirit Lake, IA 51360

    Value Estimation by Request
    2,432 sqft 1.08 AC lot
    View details
    Keokuk Ave
    PROFESSIONAL CLUBS/ASSOCIATIONS

    Keokuk Ave, Spirit Lake, IA 51360

    Value Estimation by Request
    144 sqft 0.81 AC lot
    View details
    1302 Hl Ave
    FUNERAL HOME

    1302 Hl Ave, Spirit Lake, IA 51360-1332

    $250,000
    Estimated value
    6,888 sqft 0.70 AC lot
    View details
    2701 Hl Ave
    PROFESSIONAL CLUBS/ASSOCIATIONS

    2701 Hl Ave, Spirit Lake, IA 51360-1266

    Value Estimation by Request
    1,140 sqft 16.90 AC lot
    View details
    1815 Hl Ave
    CHARITABLE ORGANIZATION

    1815 Hl Ave, Spirit Lake, IA 51360-1239

    $505,000
    Estimated value
    4,847 sqft 0.12 AC lot
    View details
    601 Hl Ave
    PROFESSIONAL CLUBS/ASSOCIATIONS

    601 Hl Ave, Spirit Lake, IA 51360

    Value Estimation by Request
    416 sqft 2.70 AC lot
    View details
    1665 Hwy 86
    PROFESSIONAL CLUBS/ASSOCIATIONS

    1665 Hwy 86, Spirit Lake, IA 51360-7561

    $240,000
    Estimated value
    4,008 sqft 17.95 AC lot
    View details
    1528 Hwy 86
    PROFESSIONAL CLUBS/ASSOCIATIONS

    1528 Hwy 86, Spirit Lake, IA 51360-7215

    $550,000
    Estimated value
    768 sqft 30.58 AC lot
    View details
    2317 32nd St
    FUNERAL HOME

    2317 32nd St, Spirit Lake, IA 51360

    $225,000
    Estimated value
    3,871 sqft 1.15 AC lot
    View details
    15002 252nd Ave
    VETERINARY, ANIMAL HOSPITAL

    15002 252nd Ave, Spirit Lake, IA 51360-7352

    $250,000
    Estimated value
    3,680 sqft 0.73 AC lot
    View details
    1850 23rd St, Unit 17
    PROFESSIONAL CLUBS/ASSOCIATIONS

    1850 23rd St, Spirit Lake, IA 51360-7728

    Unit 17
    $245,000
    Estimated value
    1,500 sqft
    View details
    23rd St
    PROFESSIONAL CLUBS/ASSOCIATIONS

    23rd St, Spirit Lake, IA 51360

    $510,000
    Estimated value
    384 sqft 8.80 AC lot
    View details
    2491 170th St
    PROFESSIONAL CLUBS/ASSOCIATIONS

    2491 170th St, Spirit Lake, IA 51360-7021

    Value Estimation by Request
    7,984 sqft 13.60 AC lot
    View details
    1102 15th St
    CHARITABLE ORGANIZATION

    1102 15th St, Spirit Lake, IA 51360-1301

    Value Estimation by Request
    2,678 sqft 0.81 AC lot
    View details

    Spirit Lake, IA Specialty Properties Market Trends and Statistics

    Explore 25 specialty properties for sale in Spirit Lake, IA, showcased through 3 active listings on our real estate platform.

    Sale prices for properties in Spirit Lake, IA start at $650,000, averaging $2,280,500, 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

    NNN properties 2
    Wedding venues 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 $3.9M

    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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