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4530 Mortensen Rd Ames, IA 50014

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For Sale
$2,800,000

High-traffic commercial lot near Iowa State University.

Property size:
9,600 SF
Lot size:
1.05 Acres

Property Features for 4530 Mortensen Rd

General Information

Size
9,600 SF
Lot size
1.05 Acres

Source: Betts Team at RE/MAX Real Estate Center Agent Christopher Betts

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Prime Commercial Lot Near University

This commercial lot is located in a high-traffic area of Ames, near Iowa State University. The property sees over 12,000 vehicles pass by daily, offering visibility and accessibility. The surrounding area includes hotels, restaurants, coffee shops, gyms, grocery and convenience stores, as well as residential developments. A proposed building design offers flexibility with four bays of approximately 2,400 square feet each, totaling 9,600 square feet. There is potential to reduce the building size to around 7,200 square feet to accommodate a drive-through, providing four 1,800 square feet bays instead. There are no setbacks, allowing for maximum building footprint, and no access road is required. Essential utilities, including electric, water, sewer, and gas, are located along the lot lines. Final building plans, landscaping, parking, and exterior finishes will need city approval to ensure compliance with surrounding structures and zoning regulations. The proposed pricing 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 allowance based on the specific usage. The property is located near the intersection of Dakota Avenue and Mortensen Road.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Ames
County
Story
State
Iowa
Longitude
-93.6812819
Latitude
42.0116708

FAQs

What type of property is this?
Commercial land - High-traffic commercial lot near Iowa State University.
Where is this commercial land located?
The property is located at 4530 Mortensen Rd Ames, IA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: - Prime commercial lot in a high-traffic area of Ames, near Iowa State University.; - **Excellent visibility and accessibility** with over 12,000 vehicles passing by daily.; - Located near hotels, restaurants, coffee shops, gyms, grocery stores, and residential developments.
More about this property
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