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Property profile & analytics
OFF-MARKET Estimated value $40,230,000
High-rise multifamily apartments

111 Lynn Ave Ames, IA 50014-7191

105,550 SF 0.62 ac lot Built 1966
Entity Owned 4-yr Hold Free & Clear
Property ID
US25-2393411
Property summary
AI-generated overview

University Towers, located at 111 Lynn Ave in Ames, Iowa, 50014, offers a unique opportunity to lease 4,000 square feet of first-floor mixed-use space. This property is part of a larger 106,350 square foot building zoned for multi-residential use within Story County. The space is ideal for executive office use, fitting the "Executive Office" subtype designation. The building itself features a multi-tenant occupancy, providing a vibrant and collaborative environment. The available space is currently vacant and ready for immediate occupancy. This prime Ames location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving community. The property's mixed-use zoning allows for flexibility in tenant operations, catering to a variety of business needs. Interested parties are encouraged to inquire about lease terms and explore the possibilities this exceptional space presents. The address is easily accessible via major roadways and is situated in a well-established area of Ames. This is a rare opportunity to secure high-quality commercial space in a desirable location.

Property profile
Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1966
Total area 105,550 SF
Lot 0.62 ac (27,007 SF)
Zoning code CSC
APN 09-09-200-046
UPID US25-2393411
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • SMART SERVICES CORPORATION (Bike/Boat/Book/etc) Store Corporate Office
  • USPS Mail Drop Box Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$40.23M
Owner & transaction history
Sz Ames Apartments LLC · 4 yrs held
Sz Ames Apartments LLC
since 2021
Last sale
$41.5M
1 recorded transaction
2021
$41.5M
Zoning & alternative use
CSC · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Sec. 29.809. “CSC” CAMPUSTOWN SERVICE CENTER. (1) Purpose. The Campustown Service Center (CSC) zone is intended to provide high- density development within an area of the city adjacent to Iowa State University. A broad range of uses is allowed to serve the needs of people who wish to be near ISU, including students and staff, and their families. Development…

Zone name Campustown Service Center
General category CIVIC_INSTITUTIONAL
Zone area 31.68 ac
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