Make a Smart Investment…

Make a Smart Investment…
US Highway 71, Spirit Lake, Dickinson County, Iowa, 51360, United States
For Sale $895,000 - Commercial
251479 7196 sq. ft. 2004 Year Built 54014 sq. ft.

MLS #251479

Address: 3307 Hwy 71 South

City: Spirit Lake

State: IA

Zip: 51360

Make a Smart Investment… This prime commercial property, situated on a corner lot on Highway 71, is a high-traffic location in the lowa Great Lakes region, boasting a versatile layout and durable construction suitable for various uses, including multi-tenancy; the site offers exceptional branding potential and visibility from all angles

Office Information
Listing Office INGVALL REAL ESTATE TEAM  License #332500080 1011 Hwy 71 Okoboji IA 712-336-1121
 Status
Status Active Price $895,000
 Location, Tax and Other Information
County Dickinson Legal LOT 1 BLK 1 FERGUSON BUSINESS PARK, exact legal to be determined by abstract and deed
Parcel Number 07-08-176-015 Additional Parcels No
Additional Parcels Desc
School District Spirit Lake Waterfront NO
Tax Year 2025 Waterfront Footage
Tax Amount $19,328 Waterfront Name
Taxes w/Assessments
 Contract Information
Owner is Agent No Furnished No
 General Property Information
Type of Property COMMERCIAL Total Sq. Ft. 7,196
Living Area Source Assessor Finished Above Grade 3,766
Bedrooms: 0 Finished Below Grade 3,430
Bathrooms 2 Basement FULL
3/4 Baths 0 Year Built 2004 ADDITION WAS 2022
1/2 Baths 0 Flood Zone No
Lot Size Source Assessor Approx. Lot Dimensions 54,014 SQ. FT.
Garage Spaces 0 Garage Type
Heating FA- NG Cooling Central
Exterior Material BRICK, STONE, METAL Water & Sewer City
FEATURES
Exterior: Concrete Parking
Interior: Lots of Updates:Approx $120,000 concrete placed in 2021:

-added outdoor patio area

-additional parking along patio

-removed water damaged area and placed new pad for drive thru building area—downspout had caused the water damaged concrete so moved the downspouts

-extended concrete for drive thru menu board area

-extended concrete outside drive thru area

Added door going to patio ($4,000)

Added drive thru building and its connection to main building 2022 for approx. $100,000 with triple sink, hand sink, ice maker

Installed three large digital outdoor menu boards and speaker/microphone in 2022 with five-year warranty still good until 2027 for approximately 35,000.

Remodeled inside of bank 2022-23 (approx. $300,000)

-all new flooring

-new dividing wall between kitchen and dining

-installed kitchen hoods, makeup air, new electrical wiring, hand sinks, prep sink, bar triple sink, frp walls, and moisture resistant ceiling tile

-installed dumbwaiter ($30,000)

-dug out basement flooring in dish pit room to install grease trap

-dish pit & prep room new tile floor and frp walls and new moisture resistant ceiling tile

-Walkin fridge upstairs and both Walk-in fridge and Walk-in freezer downstairs

-new tile flooring on stairwell and landings

-enclosed dumpster area with new concrete pad and vinyl fencing

-lots of plumbing & electrical work

-irrigation system moved from dried up well onto city water and corrected the coverage

-installed water softener and reverse osmosis 2022

-new LED ceiling lights in kitchen, dining, and dish pit rooms ($6,000)

-added fiber optic wiring to building via Premier Communications

-Cat6 cable and security cameras

The dishwasher is owned; it is high temperature without need for hood ($30,000 w/install)

New large capacity water heater 2021 with efficient boiler system ($30,000)

New parking lot lights

New LED signs and an electrical outlet to front sign along Highway

Directional boring to connect sump pump to city sewer ($20,000)

In 2023 installed new 800Amp 3phase electrical system (approx. $100,000) with new transformer

2024: Finished roof area of makeup air with steel roofing

Appliances
Fireplace yes- electric
Lot Features: landscaped, trees coverage light, Hwy Frontage, Corner Lot
Roof metal

 

Features

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Agent Jon Ingvall

Jon Ingvall, broker of the Ingvall Real Estate Team, is a dedicated and market-savvy professional…
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Jon Ingvall