111 Lynn Ave Ames, IA 50014-7191
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.
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SMART SERVICES CORPORATION (Bike/Boat/Book/etc) Store Corporate Office
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USPS Mail Drop Box Courier Service Postal Service
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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
CSC · Ames, IASec. 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 is intended to encourage lively commercial activity in the building at the street level and pedestrial activity , with a strong emphasis on safe, vital and attractive streets. Development is intended to be very dense with high building coverage, large buildings in scale with the predominant building pattern in the Campustown commercial are, and buildings place close together, while also conserving and preserving existing valuable characteristics by a ssuring compatibility between existing and new development. Building placement, scale at the street, design and materials reinforce a dynamic, pedestrian-friendly neighborhood character. (2) Permitted Uses. T he uses pe rmitte d in the C SC Zon e are set for th in T ab le 29. 80 9 (2 ) be low:
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.