4530 Mortensen Rd, Ames, IA 50014

$660,000

bedrooms

bathrooms

square feet

Acreage

1.05

Open Houses

year built

Full Baths

Half Baths

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Investors and business owners, here's your chance to secure a prime commercial lot in a high-traffic area of Ames, just minutes from Iowa State University. This ready-to-build property, located near the busy intersection of Dakota Avenue and Mortensen Road, sees over 12,000 vehicles pass by daily, offering excellent visibility and accessibility. Surrounded by a vibrant mix of hotels, restaurants, coffee shops, gyms, grocery and convenience stores, as well as rapidly growing residential developments, this lot is perfectly positioned for success.The proposed building design offers flexibility with four bays of approximately 2,400 sq. ft. each, totaling 9,600 sq. ft. However, there is potential to reduce the building size to around 7,200 sq. ft. to accommodate a drive-through, providing four 1,800 sq. ft. bays instead. Unique to this property is the absence of setbacks, allowing for maximum building footprint, and no access road is required as the neighboring Dollar Tree has already met the necessary requirements. Essential utilities, including electric, water, sewer, and gas, are conveniently located along the lot lines, ready to be tapped.Final building plans, landscaping, parking, and exterior finishes will need city approval to ensure compliance with surrounding structures and zoning regulations. Proposed pricing is based on estimates from the preferred builder, Paradigm Construction, and includes the rough-in stage of construction, with the shell, and rough-ins for plumbing, electrical, and HVAC completed and is subject to change. Final buildout will require a Tenant Improvement (TI) allowance based on the specific usage. This lot presents an outstanding development opportunity in a thriving community--don't miss your chance to invest in the future of Ames!

Location
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MLS number: 62629

Listing agent: Flanders Team #S58137

Listing broker: Re/Max Real Estate Center 2324663

Copyright © 2025 Central Iowa Board of Realtors, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Monday, March 24 2025 at 2:57 p.m. EDT

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