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16 11th St SW Plaza Spencer, IA $ 400,000
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$ 400,000 Get more info
16 11th St SW Plaza
$ 400,000
Back to search
Share Save

16 11th St SW Plaza

Spencer, IA, 51301
$ 400,000
Bedrooms-- Baths-- Sq 2,900

Monthly Estimate*

$ 2,495

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Commercial Property for sale in Spencer, IA

for $400,000. This 2,900 square foot building was built in 1973 on a lot size of 1.03.

An American Classic, the Classic Cafe located in South Spencer is being sold as a turnkey operation. Building, Land, all Restaurant Equipment, Fixtures, and current supplies are included in the price. Current seating capacity is 82 but easily expanded. This fully operational award-winning Restaurant is a great opportunity to get into the food business in Spencer in a high traffic location with plenty of parking.

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Commercial Pending

Price

$ 400,000

Property Type

Commercial

Taxes

$ 11,244

Style

Business Opportunity

Lot Size

1.03

Year Built

1973

Town/City

Spencer

County/Region

Clay

MLS | Web ID

251320
Features
Interior
Interior Features Kitchen Area Restrooms Smoke Detector
Common Walls No Common Walls
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General
Sewer Public Sewer
Construction Frame/Wood
Heating Forced Air
Cooling Central
Roof Fiberglass
Appliances Cooktop Dishwasher Exhaust Fan/Hood Freezer Indoor Grill Microwave Range/Stove Refrigerator
current use Business Service Food & Beverage Restaurant
Flood Zone Unknown
Class COMMERCIAL
Assessments Unknown
Type Business Opportunity
Terms Cash
Yearly Taxes 11244
Tax Year 2024
Fuel Electric Natural Gas
Status Pending
Subdivision IA
Sale/Rent For Sale
Status Detail 0
Construction Materials Brick Vinyl Siding
Primary City Spencer
Year Built 1973
Directions Located just south and west of the T intersection where Hwy 18 and 71 intersect in south Spencer.
City Spencer
Total Sq Ft 2900
DOM 61
Secondary City Clay County
Postal Code 51301
Potential Short Sale No
Price Per Sq Ft Total AG 137.93
Public Remarks An American Classic the Classic Cafe located in South Spencer is being sold as a turnkey operation. Building Land all Restaurant Equipment Fixtures and current supplies are included in the price. Cur
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Exterior
Exterior Features High Traffic Location High Visibility Highway Access
Waterfront 0
Lot Size Source Assessor
Water Source Public/City
Parking Features Other
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* Excluded Features
List By
Mark Hallett

Listing Agent

Realty Professionals

Broker

(712) 363-0145

Phone

mhrepros@gmail.com

Email

Affordability Calculator

$3,432
Per Month
73%
27%
0%
Monthly Principal & Interest
$2,495
Monthly Property Taxes
$937
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1883306 Elementary School
1883255 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/8/2025$400,000 Listed Price

Map

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16 11th St SW Plaza, Spencer, IA, 51301 is a Commercial Property for sale at $400,000 with 2,900 sqft and a lot size of 1.03. 16 11th St SW Plaza was built in 1973. The property's zip code is 51301 which is in Spencer, IA

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