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    2542 Bailey Ave Ames, IA 50010

    Sponsored
    For Sale
    Contact for pricing

    Five Units, 2,400-12,800 SF, NNN Lease

    Property size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Ames, Iowa industrial property, located at 2542 Bailey Ave, offers five versatile units totaling 2,400 to 12,800 square feet. Each unit boasts a 14' x 14' overhead door for convenient loading and a separate pedestrian door. The modern exterior features a striking combination of metal and brick veneer, complemented by large storefront windows for optimal visibility. Built in 2024, this single-story building sits on a 1.36-acre lot (APN: 05-36-250-010) and is zoned GI-General Industrial. The interior features high ceilings (18 feet), providing ample vertical space. Energy efficiency is maximized with R40 roof insulation, R30 purlin insulation, and R19 in the 6" exterior walls. Robust electrical capacity is ensured with an 800 AMP, 3-phase service, and each unit includes a dedicated 200 AMP meter. This property presents a unique opportunity for investors seeking a high-quality, multi-tenant industrial space in a prime Ames location. The property is currently vacant and available for lease under a NNN lease structure. Five dock-high doors provide efficient loading and unloading capabilities. This is a turn-key opportunity in a thriving market.

    Property Features for 2542 Bailey Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    2,400 SF
    Lot Size
    59,242 SF

    Building Details

    Year Built
    2024
    Stories
    1
    Units
    5

    HighLights

    • Five individual units available, each with a 14' x 14' overhead door and a rear pedestrian door.
    • Building features large storefront windows for excellent visibility.
    • Exterior finished with metal and brick veneer.
    • High‑efficiency insulation: R40 roof, R30 purlins, R19 walls.
    • Ample electrical capacity: 800 AMP, 3‑phase service, with 200 AMP meters for each unit.
    • 2,400 - 12,800 square feet total; 1‑story building, built in 2024; GI‑General Industrial zoning; 1.36 acres; 5 dock‑high doors; 18‑foot ceiling height; NNN lease; vacant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.581510487136
    Latitude
    42.046602631815

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    FAQs

    What type of property is this?
    Distribution property - Five Units, 2,400-12,800 SF, NNN Lease
    Where is this distribution property located?
    The property is located at 2542 Bailey Ave Ames, IA.
    What are key features of this property?
    This property features: Five individual units available, each with a 14' x 14' overhead door and a rear pedestrian door.; Building features large storefront windows for excellent visibility.; Exterior finished with metal and brick veneer.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2542 Bailey Ave Ames, IA 50010
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