2702 Lincoln Way Ames, IA 50014-7422
This exceptional mixed-use property at 2702 Lincoln Way in Ames, Iowa, 50014, offers two immediately available commercial spaces within a modern, five-story building constructed in 2019. The building is zoned CSC and features a total of 5,778 square feet of vacant space, divisible to a minimum of 1,823 square feet. One available suite, Suite 2710, comprises 1,470 square feet and is priced at $21.00 per square foot, NNN. This space is a second-generation restaurant space, ready for immediate occupancy. The second available suite, Suite 2708, offers 3,955 square feet of recently constructed "turn-key" office space, priced at $18.00 per square foot, NNN. Both spaces are located within a single building, providing excellent opportunities for businesses seeking high-visibility locations in a thriving Ames community. The property's strategic location on Lincoln Way ensures high foot traffic and easy access. This is an ideal opportunity for businesses seeking a modern, well-maintained space in a desirable location. The building's multiple tenancy allows for a diverse range of businesses to coexist, creating a vibrant and dynamic environment. Contact us today to schedule a viewing and explore the possibilities.
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:
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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.
