2400 SE 16Th St Ames, IA 50010
For Sale
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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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HOC · Ames, IAAmes. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.