Ames, IA Retail Property For Sale

Investors and business owners, here’s your chance to secure

a prime commercial lot in a high-traffic area of Ames, just

minutes from Iowa State University. This ready-to-build

property, located near the busy intersection of Dakota Avenue

and Mortensen Road, sees over 12,000 vehicles pass by daily, offering excellent visibility and accessibility. Surrounded by a vibrant mix of hotels, restaurants, coffee shops, gyms, grocery

and convenience stores, as well as rapidly growing residential developments, this lot is perfectly positioned for success.

The proposed building design offers flexibility with four bays

of approximately 2,400 sq. ft. each, totaling 9,600 sq. ft.

However, there is potential to reduce the building size to

around 7,200 sq. ft. to accommodate a drive-through, providing four 1,800 sq. ft. bays instead. Unique to this property is the absence of setbacks, allowing for maximum building footprint,

and no access road is required as the neighboring Dollar Tree

has already met the necessary requirements. Essential utilities, including electric, water, sewer, and gas, are conveniently

located along the lot lines, ready to be tapped.

Final building plans, landscaping, parking, and exterior finishes

will need city approval to ensure compliance with surrounding structures and zoning regulations. Proposed pricing is based

on estimates from the preferred builder, Paradigm Construction, and includes the rough-in stage of construction, with the shell,

and rough-ins for plumbing, electrical, and HVAC completed

and is subject to change. Final buildout will require a Tenant Improvement (TI) allowance based on the specific usage. This

lot presents an outstanding development opportunity in a

thriving community—don’t miss your chance to invest in the

future of Ames!

This is part of a portfolio package including following properties

-210 Welch Ave Ames, IA

-218 Welch Ave Ames, IA

Property Highlights

• Rare opportunity in the heart of Iowa State

University Campustown

• Ideal redevelopment site for student housing,

hospitality, retail, restaurant and office

• One block south of the main campus

• Iowa State University Enrollment: 31,825 (2020)