Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    2516 Lincoln Way Ames, IA 50010

    • Commercial real estate
    • 4,000 SF
    • 0.23 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Mar 11, 2020
    $1,000,000
    Location Intelligence
    Property ID
    US25-2324482
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2516 Lincoln Way

    Year built
    1928
    Lot size
    0.23 lot acres
    Property size
    4,000 SF
    Property type
    Commercial real estate
    APN
    09-09-126-075
    APU
    909126075

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $935,000
      6.5%
      $1,060,000
      7%
      $1,075,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,070,000
      Geo Method
      $950,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $975,000
      Retail
      $880,000
      Mixed-Use
      $990,000
      Hospitality
      $905,000
      Educational
      $985,000
      Residential Income
      $895,000
      Energy
      $1,120,000
      Income-Based Land
      $1,145,000
      Food Service
      $1,025,000

    Location Insight

    • Map
    • Local Demand
    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.6508
    Latitude
    42.0225
    CBSA code
    11180
    CBSA name
    AMES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,086
    $837,300
    $0.00
    $837,300
    -
    $837,300
    $0.00
    $837,300

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      419 Main St

      COMMERCIAL (GENERAL) • 0.06 Acres
      419 Main St, Ames, IA 50010
      View Details
    • Value Estimation by Request
      0.07 Acres

      204 Market St

      COMMERCIAL (GENERAL) • 0.07 Acres
      204 Market St, Ames, IA 50010
      View Details
    • Value Estimation by Request
      0.02 Acres

      2621 Northridge Pkwy

      COMMERCIAL (GENERAL) • 0.02 Acres
      2621 Northridge Pkwy, Ames, IA 50010-7109
      View Details
    • Value Estimation by Request
      0.02 Acres

      2706 Stange Rd

      COMMERCIAL (GENERAL) • 0.02 Acres
      2706 Stange Rd, Ames, IA 50010
      View Details
    • Value Estimation by Request

      1105 Top O Holw Rd

      COMMERCIAL (GENERAL)
      1105 Top O Holw Rd, Ames, IA 50010-4140
      View Details
    • Value Estimation by Request
      19.43 Acres

      57073 Us Hwy 30

      COMMERCIAL (GENERAL) • 19.43 Acres
      57073 Us Hwy 30, Ames, IA 50010-9398
      View Details

    Similar Nearby for Sale

    • $1,137,000
      3.07 Acres

      Ames Commercial Land Development Opportunity

      3.07 Acres, High-Traffic Location, HOC Zoning
      2400 16Th St, Ames, IA 50010
      View Details
    • $1,207,476
      3.81 Acres

      Ames Commercial Land - Prime Location

      3.81 Acres, $1.2M, High-Growth Area
      1907 Isaac Newton Dr, Ames, IA 50010
      View Details
    • $419,000

      Ames Commercial Land - $419K

      Prime Ames location, build your business.
      320 2Nd St, Ames, IA 50010
      View Details
    • $283,140
      2.02 Acres

      Ames Commercial Land - 2.02 Acres

      Prime Ames location, high-traffic area, development potential.
      1315 Dayton Ave, Ames, IA 50010
      View Details
    • $782,000
      6.98 Acres

      Ames Industrial Land - 6.98 Acres

      Prime Ames industrial land, I-35 access.
      2215 Bailey Ave, Ames, IA 50010
      View Details
    • $355,000
      1.36 Acres

      Ames Commercial Lot - Prime Location

      High-visibility lot, ideal for development. Near major retailers.
      210 2Nd St, Ames, IA 50010
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      3,000 SF

      Downtown Space Near Tom Evan's Park

      3000 sq ft space suitable for bar, retail, or office.
      400 Main St, Ames, IA 50010
      View Details
    • $20 SF/Yr
      14,333 SF

      Retail Space on Lincoln Way

      Retail space available for sublease on Lincoln Way.
      2420 Lincoln Way, Ames, IA 50010
      View Details
    • $14 SF/Yr
      5,300 SF

      Ames Retail Space: The Edge

      Prime Ames retail, multiple suites available.
      2311 Chamberlain Ave, Ames, IA 50010
      View Details
    • $9 SF/Yr
      32,400 SF

      Hyatt Circle Industrial Space

      Ames, IA: New Flex Warehouse Space
      2826 Hyatt Cir, Ames, IA 50010
      View Details
    • $9 SF/Yr
      2,907 SF

      Stand-Alone Office Building For Rent

      Stand-alone office building with excellent access off I-35.
      2825 E 13Th St, Ames, IA 50010
      View Details
    • $15 SF/Yr
      12,800 SF

      North Dayton Industrial Space

      Ames, IA industrial space for lease
      2542 Bailey Ave, Ames, IA 50010
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2516 Lincoln Way
    Ames, IA 50010
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.