6008 Lincoln Way Ames, IA 50014-9528
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.
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
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Costs & Benchmarks
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Risks
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