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Second-Floor Restaurant Space with Bar

223 Welch Ave, Ames, IA 50014

For Lease
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Kitchen infrastructure and private rooms support restaurant, bar, or entertainment concepts.

Space Size3,010 SF
Days on Market43

Property Features for 223 Welch Ave

General Information

Standard status Active
Size 3,010 SF
Property subtype Restaurant

Restaurant

Commercial Hood Yes
Grease Trap Yes
Second-Generation Restaurant Yes
Walk-In Cooler/Freezer Yes

Additional Details

Floor 2

Spaces For Lease

at 223 Welch Ave
#1 Active
Size 3,010 SF
Contact us
Listing Agency: Friedrich Realty
Listed By: Mike Purcell · License IA B64484000
Source: Crexi
Added: Sep 29 Changed: Nov 8 Last Checked: Nov 8 at 4:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Friedrich Realty

Rey
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Investment Insights

Based on property information with market context.

Second-floor restaurant space at 223 Welch Ave includes a cooking hood, grease trap, walk-in cooler, built-in bar, and private rooms. The existing interior features provide a range of components for a restaurant, bar, or entertainment concept.

The property is on Welch Avenue in Ames, near Iowa State University.

Key Highlights

  • Second‑floor space on Welch Avenue near Iowa State University
  • Equipped with a cooking hood, grease trap, and walk‑in cooler
  • Built‑in bar and private rooms

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Cactus 2 Restaurant The Blue Owl Bar Bar & Pub

Suggested Use

Top Pick Law Firm Auto Parts Store Auto Repair Shop Hair Salon Nail Salon Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Commercial hood
Yes
Grease trap
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

958
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 55% Shops & Services 45%
Dunkin' Donuts Dining
11,507 visits/mo 0.3 miles
Kum & Go Shops & Services
10,783 visits/mo 0.1 miles
U.S. Bank Shops & Services
4,607 visits/mo 0.2 miles
Jimmy John's Dining
4,099 visits/mo 0.1 miles
Insomnia Cookies Dining
1,540 visits/mo 0.1 miles

Demographics for 50014, IA

31,587
Population
14,860
Households
2.1
Avg Household Size
26
Median Age
69%
College-Educated
98%
High-School Grad
54.2 sq mi
ZIP Area
583
Density / Sq Mi
$57,372
Median Household Income
$20,952
Median Earnings
$1,083
Median Rent
$312,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Kitchen infrastructure and private rooms support restaurant, bar, or entertainment concepts.
Where is this conventional restaurant located?
The property is located at 223 Welch Ave Ames, IA.
What are key features of this property?
This property features: Second‑floor space on Welch Avenue near Iowa State University; Equipped with a cooking hood, grease trap, and walk‑in cooler; Built‑in bar and private rooms
(515) 231-6083 Call to check price and availability
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