Mixed-Use Building with Open
For Sale
Contact for pricing
3329 LINCOLN WAY, Ames, IA 50014
Adaptable interior includes private and open office areas, conference rooms, reception space, and on-site parking.
Property Size6,565 SF
Lot Size0.53 Acres
Price / SF$228.48
Days on Market53
Property Features for 3329 LINCOLN WAY
General Information
Standard status
Active
Size
6,565 SF
Class
C
Total Parking Spaces
31
Lot size
0.53 Acres
Property subtype
Retail, Mixed Use, Special Purpose
Zoning
HOC
Investment Type
Owner/User
Amenities
gathering/reception area
private office
open office space
conference rooms
open space
restroom facilities
storage space
mezzanine
Building Details
Year Built
1961
Buildings
1
Stories
1
Units
1
Building Size
6,565 SF
Listing Agency:
Hunziker & Associates Inc Realtors Ames
Listed By:
Chuck Winkleblack · License #IA B32796
(515) 290-7007
Source:
Crexi
Added: Aug 25
Changed: Oct 10
Last Checked: Oct 14 at 8:41PM
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 Hunziker & Associates Inc Realtors Ames
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Investment Insights
Based on property information with market context.
This mixed-use commercial building at 3329 Lincoln Way in Ames, Iowa, contains 6,565 SF within a 23,174 SF lot. The interior combines a reception and gathering area, private office, open office space, two large conference rooms, and 2,335 SF of open area. Restroom facilities, 153 SF of dedicated storage, and a 368 SF mezzanine add practical utility. Built in 1961, the property is zoned HOC.
Located half a mile west of Iowa State University, the building offers access to Lincoln Way and includes 31 on-site parking spaces. Its combination of office rooms, meeting areas, open space, storage, and parking supports office, professional, educational, and other commercial applications identified for the property.
Located half a mile west of Iowa State University, the building offers access to Lincoln Way and includes 31 on-site parking spaces. Its combination of office rooms, meeting areas, open space, storage, and parking supports office, professional, educational, and other commercial applications identified for the property.
Key Highlights
- 6,565 SF commercial building on a 23,174 SF lot
- 2,335 SF of adaptable open space
- 31 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,788
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,760
$1.4M
Cap Rate 7%
$1,025,543
$1.0M
Cap Rate 9%
$797,644
$797.6K
Market Conditions
NOI Build-Up for 6,565 SF
Gross rent
$118.2K $18.00/SF
− Vacancy
−$22.5K −$3.42/SF
EGI
$95.7K $14.58/SF
− OpEx
−$23.9K −$3.65/SF
NOI
$71.8K $10.94/SF
Area
Story County, IA
Vacancy
19.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,760
Cap Rate 7%
$1,025,543
Cap Rate 9%
$797,644
Alternative Uses
Best Use
Office B
$1.03M
$897.4K – $1.20M
NOI $71,788 @ 7.0% cap · market cap 4.79%
Second Best
Mixed Use
$949.6K
$830.9K – $1.11M
NOI $66,471 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,393 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Adaptable interior includes private and open office areas, conference rooms, reception space, and on-site parking.
Where is this mixed-use property located?
The property is located at 3329 LINCOLN WAY Ames, IA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,565 SF commercial building on a 23,174 SF lot; 2,335 SF of adaptable open space; 31 on‑site parking spaces
