3517/3519 Tripp Str

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3517/3519 Tripp Str

Ames, IA 50014
Asking Price
$248K
Asset Type
Retail
Class
Class B

What's Special

3517/3519 Tripp Street is located in West Ames, Iowa, situated within a commercial pocket adjacent to residential neighborhoods and multi-family housing complexes. The property offers proximity to Iowa State University’s campus and is located near Highway 30, providing regional connectivity. Local amenities include grocery stores, fitness centers, and various dining options within the South Dakota Avenue corridor. The site is accessible via the CyRide public transit system, which serves the immediate area. The building’s configuration and location are suited for neighborhood-scale retail services, small-scale showrooms, or specialty boutique operations. Ideal tenants include service-oriented businesses, such as salons or dry cleaners, and convenience retailers catering to the surrounding student and workforce population. The layout supports businesses requiring high visibility to local neighborhood traffic and functional storefront space for customer engagement.

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NOI
$80,000
Cap Rate
32.32%
DSCR
5.44
Strong
Cash-on-Cash
87.95%
Monthly Payment
$1,224.495
Annual Cash Flow
$65,306.06

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