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2209 Circle Dr W 3,569 SF Retail Building Spirit Lake, IA 51360 $675,000 ($189.13/SF)
Executive Summary
For Sale or Lease! An exceptional opportunity in a high-visibility, high-traffic location at the corner of Highways 71 and 9—over 5,000 vehicles pass by each day. This 1.4-acre property sits on level ground between Subway and Super 8. Formerly a national chain restaurant, the building is move-in ready and includes a drive-thru, commercial hood, walk-in cooler and freezer, and a large paved parking lot. Recent improvements include a new roof and furnace. Offered for sale at $675,000 or available for lease at $5,500/month NNN with a minimum five-year term. All existing equipment can be included if desired.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
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| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
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| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
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| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,569 SF
Building Class
C
Year Built
1975
Price
$675,000
Price Per SF
$189.13
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.40 AC
Zoning
C - Commercial
Parking
60 Spaces (16.81 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-05-326-059 | Improvements Assessment | $326,900 |
| Land Assessment | $331,400 | Total Assessment | $658,300 |
Property Taxes
Parcel Number
07-05-326-059
Land Assessment
$331,400
Improvements Assessment
$326,900
Total Assessment
$658,300
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2209 Circle Dr W
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