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218 Welch Ave 5,664 SF Retail Building Ames, IA 50014 $1,600,000 ($282.49/SF)
Investment Highlights
- Situated in the heart of Iowa State Campustown
- High Walk Score (80) and Bike Score (81) indicate strong pedestrian and cyclist access, enhancing its appeal for commercial tenants
- Features 62 feet of frontage on Welch Avenue, with a pylon sign included—excellent for retail visibility.
- Located in a densely populated area
Executive Summary
In the heart of Iowa State University’s Campustown, 218 Welch Ave offers a prime redevelopment opportunity. Located just one block south of ISU’s main campus, this property spans approximately 0.65 acres and is currently zoned for commercial use.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,664 SF
Building Class
B
Year Built
1971
Price
$1,600,000
Price Per SF
$282.49
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.66 AC
Zoning
commercial
Parking
30 Spaces (6.56 Spaces per 1,000 SF Leased)
Frontage
62’ on Welch Ave
Amenities
- Pylon Sign
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-09-131-255 | Improvements Assessment | $365,400 |
| Land Assessment | $1,710,000 | Total Assessment | $2,075,400 |
Property Taxes
Parcel Number
09-09-131-255
Land Assessment
$1,710,000
Improvements Assessment
$365,400
Total Assessment
$2,075,400
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218 Welch Ave
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