Commercial Real Estate in Iowa available for sale
Drive Through Restaurants For Sale

Drive Through Restaurants for Sale in Iowa, USA

More details for 941 66th Ave SW, Cedar Rapids, IA - Industrial for Sale

941 66th Ave SW

Cedar Rapids, IA 52404

  • Drive Through Restaurant
  • Industrial for Sale
  • $3,424,350 CAD
  • 24,670 SF
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More details for 3345 W Kimberly Rd, Davenport, IA - Retail for Sale

3345 W Kimberly Rd

Davenport, IA 52806

  • Drive Through Restaurant
  • Retail for Sale
  • Price Upon Request
  • 1,620 SF
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More details for 3219 W Kimberly Rd, Davenport, IA - Retail for Sale

3219 W Kimberly Rd

Davenport, IA 52806

  • Drive Through Restaurant
  • Retail for Sale
  • Price Upon Request
  • 3,067 SF
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More details for 3850 Elmore Ave, Davenport, IA - Retail for Sale

3850 Elmore Ave

Davenport, IA 52807

  • Drive Through Restaurant
  • Retail for Sale
  • Price Upon Request
  • 975 SF
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More details for 225 S Fremont St, Shenandoah, IA - Retail for Sale

$1 Auction -REIT Sale | Former Burger King - 225 S Fremont St

Shenandoah, IA 51601

  • Drive Through Restaurant
  • Retail for Sale
  • $205,461 CAD
  • 3,816 SF
  • Restaurant

Shenandoah Retail for Sale

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing, second-generation restaurant/retail building located at 225 S Fremont Street in Shenandoah, IA (the “Property”). Formerly occupied by Burger King, the Property is being offered significantly below replacement cost, providing a compelling opportunity for owner-users or investors to acquire a highly visible, drive-thru-equipped retail asset at an attractive basis. FIRST BID MEETS RESERVE! Constructed in 1988, the Property consists of a ±3,816 SF, single-story, second-generation restaurant building with a drive-thru, situated on a ±1.01-acre parcel (±43,810 SF). The site features a concrete surface parking lot with 46 on-site parking spaces, multiple points of ingress and egress, and efficient internal circulation, supporting a variety of retail or restaurant uses. The Property benefits from exceptional frontage and visibility, including approximately ±129 feet along Fremont St/US Highway 59, a primary retail and commuter corridor carrying approximately 7,866 vehicles per day (VPD), as well as additional frontage along Fifth Avenue (±340 feet) and Iowa Street (±129 feet). This positioning along a well-established daily-needs retail corridor provides strong exposure and convenient access for both local and pass-through traffic. Previously leased to Burger King on a triple-net (NNN) basis, the asset presents a value-add opportunity through re-tenanting at prevailing market rents, with CoStar estimating retail rental rates in the range of $7 to $9/SF NNN. Zoned HB (Highway Business), the site permits a wide range of retail, restaurant, and service-oriented uses, enhancing operational flexibility and long-term redevelopment potential. The Property is located in Shenandoah, Iowa, a well-established community in Page County, positioned along U.S. Highway 59, the city’s primary retail and commuter corridor. The Property benefits from its location across from a Hy-Vee and Tractor Supply Co. anchored retail center and ±0.3-Mi from the area’s primary Walmart, contributing to consistent daily traffic and a stable retail environment. The surrounding area is supported by nearby community anchors including Shenandoah Community School District campuses, comprising five schools and approximately ±1,150 students, which collectively generate steady weekday activity and a reliable daytime population. The Property is also located approximately ±1.5-Mi from Shenandoah Medical Center (±25 beds), the region’s primary healthcare provider, supporting employment-driven traffic and demand for daily-needs retail and service uses. Additional demand drivers include Shenandoah Municipal Airport (±2-Mi) and the city’s historic downtown district (±0.5-Mi), which features local retail, dining, and community services that reinforce ongoing economic activity. These nearby generators, combined with the Property’s position along U.S. Highway 59, support consistent daily-use traffic patterns and strong visibility for retail and restaurant operators. The 5-mile trade area includes approximately ±5,574 residents with an average household income of ±$75,499, providing a stable customer base for neighborhood-serving retail.

Contact:

Marcus & Millichap

Property Subtype:

Fast Food

Date on Market:

2026-04-29

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More details for 2401 Hamilton Blvd, Sioux City, IA - Retail for Sale

2401 Hamilton Blvd

Sioux City, IA 51104

  • Drive Through Restaurant
  • Retail for Sale
  • $993,062 CAD
  • 2,538 SF
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More details for 418 S Ankeny Blvd, Ankeny, IA - Retail for Sale

418 S Ankeny Blvd

Ankeny, IA 50023

  • Drive Through Restaurant
  • Retail for Sale
  • $2,191,584 CAD
  • 5,424 SF
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More details for Medicap Portfolio – for Sale

Medicap Portfolio

  • Drive Through Restaurant
  • Mixed Types for Sale
  • $12,370,417 CAD
  • 12 Properties | Mixed Types
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More details for 2532 Crossroads Blvd, Waterloo, IA - Retail for Sale

2532 Crossroads Blvd

Waterloo, IA 50702

  • Drive Through Restaurant
  • Retail for Sale
  • $732,811 CAD
  • 6,714 SF
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More details for 320 HWY 71 S, Arnolds Park, IA - Retail for Sale

High Traffic Opportunity with 6.7 CAP Rate! - 320 HWY 71 S

Arnolds Park, IA 51331

  • Drive Through Restaurant
  • Retail for Sale
  • $890,194 CAD
  • 1,952 SF
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