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3307 U.S. 71
Spirit Lake, IA 51360
Asking Price
$895K
Asset Type
Restaurant Retail
Class
Class B
What's Special
7,196 SF on 1.24 acres with Hwy 71 Visibility! <p><strong>Strategic Location:</strong> 1.24 acres situated directly on the Highway 71 corridor, the region's primary traffic artery.</p><p><strong>Adaptable Infrastructure:</strong> Existing layout supports diverse commercial ventures from drive-thru operations to professional suites.</p><p><strong>Development Ready:</strong> The interior has been cleared of previous equipment, providing a blank canvas for immediate build-out.</p><p><strong>Growth Potential:</strong> Significant lot size and la
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NOI
$80,000
Cap Rate
8.94%
DSCR
1.51
Strong
Cash-on-Cash
10.01%
Monthly Payment
$4,427.972
Annual Cash Flow
$26,864.34
