4530 Mortensen

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!