100 Hill Avenue Spirit Lake, IA $ 249,000
100 Hill Avenue
$ 249,000
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100 Hill Avenue

Spirit Lake, IA, 51360
$ 249,000
Bedrooms-- Baths-- Sq 800

Monthly Estimate*

$ 1,533

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Commercial Property for sale in Spirit Lake, IA

for $249,000. This 800 square foot building was built in 2018 on a lot size of 0.28.

Turn-key restaurant opportunity with real estate included. This 800± SF commercial building has operated for decades as the Gingham Inn, a well-known and established destination with a strong history of seasonal performance. The offering includes the land, building, business, and all kitchen, bar, and restaurant equipment. The efficient footprint allows for low overhead, minimal staffing, and scalable hours, creating immediate upside for an owner-operator. Continue the existing operation, rebrand, or launch a new concept—this is a flexible, proven location with long-term value. Seller is open to a contract sale with a strong down payment. With the right buyer, ownership of the business and trademark may also be considered separately, paired with a favorable lease.

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Commercial Active

Price

$ 249,000

Property Type

Commercial

Taxes

$ 99

Style

Business Opportunity

Lot Size

0.28

Year Built

2018

Town/City

Spirit Lake

County/Region

Dickinson

MLS | Web ID

251680

Features
General
Sewer Public Sewer
Construction Other(See Rmks)
Heating Forced Air
Cooling Ductless Unit
Roof Asphalt
current use Restaurant
Flood Zone No
Class COMMERCIAL
Assessments No
Type Business Opportunity
Yearly Taxes 99
Tax Year 2022
Fuel Natural Gas
Status Active
Sale/Rent For Sale
Status Detail 0
Construction Materials Wood Siding
Year Built 2018
City Spirit Lake
Total Sq Ft 800
DOM 0
Potential Short Sale No
Price Per Sq Ft Total AG 311.25
Public Remarks Turn-key restaurant opportunity with real estate included. This 800± SF commercial building has operated for decades as the Gingham Inn a well-known and established destination with a strong history
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Exterior
Waterfront 0
Lot Size Source Assessor
Water Source Public/City
Parking Features Driveway-Gravel
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* Excluded Features
List By
Michael Jensen

Listing Agent

Jensen Real Estate

Broker

(712) 320-7245

Phone

michael@buygreatlakes.com

Email

Affordability Calculator

$1,541
Per Month
99%
1%
0%
Monthly Principal & Interest
$1,533
Monthly Property Taxes
$8
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
2/6/2026$249,000 Listed Price

Map


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100 Hill Avenue, Spirit Lake, IA, 51360 is a Commercial Property for sale at $249,000 with 800 sqft and a lot size of 0.28. 100 Hill Avenue was built in 2018. The property's zip code is 51360 which is in Spirit Lake, IA