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2209 Circle Dr W 3,569 SF Retail Building Spirit Lake, IA 51360 $916,731 CAD ($256.86 CAD/SF)

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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 (CAD) Annual Per SF (CAD)
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2025) Click Here to Access

Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
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
$916,731 CAD
Price Per SF
$256.86 CAD
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
221’ on Circle Dr

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Ground
  • 3,569 SF
  • Retail
  • -
  • Now

For Lease or Sale! Exceptional opportunity in a high-visibility, high-traffic location at the corner of Highways 71 and 9, with over 5,000 vehicles passing daily. This 1.4-acre level site is ideally positioned between Subway and Super 8, offering excellent exposure and accessibility. Formerly occupied by a national restaurant chain, the building is move-in ready and features a drive-thru, commercial hood system, walk-in cooler and freezer, and a large paved parking lot. Recent upgrades include a new roof and furnace. Offered at $5,500 per month NNN with a minimum five-year lease term, or available for purchase at $675,000. All existing equipment can be included if desired.

Space Size Space Use Position Available
Ground 3,569 SF Retail - Now

Ground

Size
3,569 SF
Space Use
Retail
Position
-
Available
Now

Ground

Size 3,569 SF
Space Use Retail
Position -
Available Now

For Lease or Sale! Exceptional opportunity in a high-visibility, high-traffic location at the corner of Highways 71 and 9, with over 5,000 vehicles passing daily. This 1.4-acre level site is ideally positioned between Subway and Super 8, offering excellent exposure and accessibility. Formerly occupied by a national restaurant chain, the building is move-in ready and features a drive-thru, commercial hood system, walk-in cooler and freezer, and a large paved parking lot. Recent upgrades include a new roof and furnace. Offered at $5,500 per month NNN with a minimum five-year lease term, or available for purchase at $675,000. All existing equipment can be included if desired.

Nearby Major Retailers

Toyota
WW (Weight Watchers)
Starbucks
Hy-Vee
CrossFit
Northwest Bank
Scooter's Coffeehouse

Property Taxes

Property Taxes

Parcel Number
07-05-326-059
Land Assessment
$451,092 CAD
Improvements Assessment
$444,966 CAD
Total Assessment
$896,058 CAD
  • Listing ID: 37224283

  • Date on Market: 2025-08-11

  • Last Updated:

  • Address: 2209 Circle Dr W, Spirit Lake, IA 51360

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