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    2516 Lincoln Way Ames, IA 50010

    Sponsored
    For Sale
    Contact for pricing

    Prime Campustown location, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.23-acre commercial land parcel presents a unique investment opportunity in the heart of Ames, Iowa's vibrant Campustown district. Situated directly across from Iowa State University's campus on Lincoln Way, this nearly 10,000 square foot lot boasts minimal setback requirements, allowing for maximum building utilization. Its prime location offers unparalleled access to over 30,000 students and a thriving community. The zoning encourages pedestrian activity, making it ideal for a diverse range of developments, including bars, restaurants, retail spaces, offices, multifamily housing, or mixed-use projects. Ames itself is a highly desirable location, recently ranked among the top college towns to live in after graduation, best small cities for small businesses, and top 100 best places to live nationally. This property offers exceptional visibility and accessibility, ensuring strong returns for the right developer. Don't miss this chance to capitalize on the energy and growth of Campustown and the broader Ames community. The address is 2516 Lincoln Way, Ames, IA 50010.

    Property Features for 2516 Lincoln Way

    General Information

    Property type
    Land
    Lot Size
    10,019 SF

    HighLights

    • 0.23‑acre commercial lot in Ames, IA's Campustown district.
    • Located directly across from Iowa State University on Lincoln Way.
    • Nearly 10,000 square foot lot with minimal setbacks, maximizing building potential.
    • Prime location near 30,000+ students and a thriving community, zoned for diverse development (bars, restaurants, retail, offices, multifamily, mixed‑use).
    • Exceptional visibility and accessibility in a highly desirable location (top‑ranked college town, small business city, and national best place to live).
    • Address: 2516 Lincoln Way, Ames, IA 50010.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.6507929
    Latitude
    42.0225335

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    FAQs

    What type of property is this?
    Land - Prime Campustown location, high potential.
    Where is this land located?
    The property is located at 2516 Lincoln Way Ames, IA.
    What are key features of this property?
    This property features: 0.23-acre commercial lot in Ames, IA's Campustown district.; Located directly across from Iowa State University on Lincoln Way.; Nearly 10,000 square foot lot with minimal setbacks, maximizing building potential.
    (515) 778-8188
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    2516 Lincoln Way Ames, IA 50010
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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
    2516 Lincoln Way Ames, IA 50010
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