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Property profile & analytics
FOR SALE
Commercial land

2400 SE 16Th St Ames, IA 50010

1.62 ac lot
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US25-0703019
Property summary
AI-generated overview

This exceptional 3.07-acre commercial land parcel presents a prime development opportunity in Ames, Iowa. Strategically located just off Interstate 35 and US Highway 30, this property boasts 170 feet of frontage on Highway 30, ensuring exceptional visibility and accessibility. The HOC zoning allows for a wide range of commercial uses, making it ideal for various development projects. The site is surrounded by a thriving commercial environment, including numerous hotels (over 1,000 rooms in the immediate area), restaurants, and convenience stores, guaranteeing high traffic volume and a strong customer base. This area is experiencing significant growth and a demand for additional amenities, particularly restaurants, making this a particularly attractive investment. The property is build-ready, with all utilities already connected to the lot. The asking price for this exceptional development opportunity is $1,137,000. Located at 2400 SE 16th St, Ames, IA 50010, in Story County, this property offers unparalleled potential for significant return on investment. Don't miss this chance to capitalize on the growth and potential of this prime commercial location.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.62 ac (70,671 SF)
Zoning code HOC
APN 10-18-100-010
UPID US25-0703019
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Van Wall Equipment INC · 6 yrs held
Van Wall Equipment INC
since 2020
Last sale
$220,000
1 recorded transaction
2020
$220,000
Zoning & alternative use
HOC · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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