1300 N Lake Ave, Storm Lake, IA 50588

We are only looking to sell because we need the capital to purchase a larger property, otherwise it wouldn’t be for sale.

Welcome to 1300 Lake Ave, a highly visible and strategically located commercial property in the heart of Storm Lake’s busiest retail corridor. This 3,499-square-foot free-standing building presents a rare opportunity for investors. Situated on nearly one acre with over 180 feet of frontage on Lake Avenue North, this property enjoys excellent traffic exposure and proximity to major national and regional retailers including Hy-Vee Grocery, Walmart, Bomgaars, McDonald’s and Walgreens — making it a destination for everyday local and regional consumer activity.

The building was originally constructed in 1997 and thoughtfully renovated in 2023, offering a modern appearance and functional layout that supports a variety of commercial uses — from restaurant or quick-serve concepts to boutique retail or service-oriented operations. 3 of 5 roof top units (natural gas heat and ac) replaced in July of 2025 with material cost of $25k plus labor.

-Brand new Durolast roof with 20 year transferable warranty completed May 15, 2026!

Ample on-site parking with 45 spaces (over 12 per 1,000 SF leased) ensures ease of access for customers and staff, while flexible zoning and a strong rental history make this an attractive long-term investment.

If you’re looking to expand your portfolio and secure a reliable income stream, 1300 Lake Ave is positioned for success in one of Storm Lake’s most desirable commercial areas.