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Property profile & analytics
OFF-MARKET
Turn key restaurants

6008 Lincoln Way Ames, IA 50014-9528

6,131 SF 1.14 ac lot Built 1956
Individually Owned 4-yr Hold Free & Clear
Property ID
US25-2402253
Property summary
AI-generated overview

This Ames, Iowa commercial property, located at 6008 W Lincoln Way, presents a unique investment opportunity. The 6,131 square foot building, constructed in 1956, sits on over an acre of land in Boone County and is currently vacant. Previously configured as a restaurant and bar, the space features a full kitchen, multiple dining areas, two bar areas, a dedicated office, and party rooms. The adaptable layout lends itself to a variety of uses, including event centers, retail spaces, salons, spas, or office spaces. The property includes attractive features such as fireplaces, modern restrooms, a substantial basement for storage, an attached greenhouse, and a charming patio. Ample parking is provided with over 30 spaces. The asking price is $475,000, translating to $77.48 per square foot. Seller financing is available. This one-story building offers immense potential for a savvy investor seeking a versatile commercial space in a desirable Ames location. The property's zip code is 50014.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1956
Construction FRAME
Total area 6,131 SF
Lot 1.14 ac (49,658 SF)
APN 88325121150001
UPID US25-2402253
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
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Blend (final) Blend
by Request
Owner & transaction history
Graham Watkins · 4 yrs held
Graham Watkins
since 2022
Last sale
$125,000
1 recorded transaction
2022
$125,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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