Financial
Distress signals
Property profile

2516 Lincoln Way Ames, IA 50010

FOR SALE
Commercial real estate
Property ID
US25-2324482
4,000 SF 0.23 ac lot Built 1928
Last sale Mar 2020 · $1,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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2516 Lincoln Way, Ames, IA 50010 For Sale
Contact for pricing 4,000 SF
2516 Lincoln Way, Ames, IA 50010
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Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$21k
Tax billed · 2023
Assessed value · 2024$837k
Assessed land$837k
Effective rate2.52%

Value estimate

· Sep 2026
$1.13M
$1.02M – $1.24M
AI approach$1.04M
CAP approach$625k
Submarket $/SF estimate$979k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSTORY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply18.7
Auto Repair Shop17.6
Law Firm17.1

Location

2516 Lincoln Way Ames, IA 50010
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
114 Lincoln, Ames, IA 50010-6623 $250,000 Mar 2023 1,095 SF
109 Kellogg, Ames, IA 50010-3315 $250,000 Mar 2021 1,400 SF
319 Lincoln, Ames, IA 50010-3309 $1,275,000 Oct 2020 6,642 SF
113 Kellogg, Ames, IA 50010-3315 $398,777 Oct 2020 4,030 SF
116 Clark, Ames, IA 50010-3312 $1,500,000 Feb 2020 4,975 SF
607 Freel, Ames, IA 50010 $25,000 Dec 2019 880 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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