2420 Lincoln WayAmes, IA 50014

Property Details for 2420 Lincoln Way

Year built

2015

Lot size

1.42 AC

Property size (Sq ft)

82,734 SF

Zone code

CSC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

09-09-127-190

APU

909127190

Description

This exceptional retail space, located at 2420 Lincoln Way, Suite 104, Ames, IA 50014, offers 14,333 square feet of prime commercial real estate. The property is situated in Story County, Iowa, and benefits from a highly visible corner location at the intersection of Lincoln Way and Welch Avenue, ensuring excellent exposure to a substantial volume of pedestrian and vehicular traffic. The space is currently configured as a multi-tenant storefront, with one unit available for sublease. This presents a unique opportunity for businesses seeking a well-established location within a thriving commercial area. The property's address is easily accessible, providing convenient access for both customers and employees. The building's precise latitude and longitude coordinates are 42.02272776151945 and -93.64977120068275 respectively. This retail space is ideal for a variety of businesses seeking a prominent location in Ames, Iowa. The property type is classified as retail, specifically a storefront. Further details regarding lease terms and conditions are available upon request. Don't miss this chance to secure a highly desirable retail space in a prime Ames location.

• CAP approach

  CAP return

  Valuation

  6%

  $17,569,008

  6.5%

  $16,217,546

  7%

  $15,059,150

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,641,313

  Geo Method

  $10,641,313

• Alternative Use

  Use

  Valuation

  Residential

  $13,680,107

  Hospitality

  $12,530,905

  Educational

  $10,425,566

  Medical

  $10,784,117

  Retail

  $16,217,546

Location Insight

City

Ames

County

Story

State

Iowa

Latitude

42.0224

Longitude

-93.6494

CBSA code

11180

CBSA name

AMES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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