3531/3533 Tripp Str

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3531/3533 Tripp Str

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

What's Special

3531/3533 Tripp Street is a retail property located in western Ames, Iowa, situated just off West Lincoln Way. The surrounding neighborhood is characterized by a mix of residential developments and established commercial corridors. The site offers proximity to various local amenities, including the CyRide public transit network, several dining options, and service-based businesses. It provides convenient vehicle access to the Iowa State University campus, which is located approximately two miles to the east, and is positioned near major regional thoroughfares. The property’s layout is suited for a variety of retail and service-oriented applications, such as boutique storefronts, cafes, or salon spaces. Given its location near student housing and quiet residential pockets, the asset is well-positioned for businesses that serve a local, neighborhood-based clientele. Typical tenants would include small-scale retailers or professional service providers seeking visibility in a high-traffic university town while maintaining accessibility for nearby residents and commuters driving toward the downtown center.

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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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