3542/3544 Tripp Str

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3542/3544 Tripp Str

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

What's Special

3542/3544 Tripp Street is situated in west Ames, Iowa, within a established mixed-use neighborhood characterized by high-density residential complexes and local service providers. The property is located just south of West Lincoln Way, a primary commercial arterial, providing direct access to the Iowa State University campus and the downtown core. The immediate area features diverse dining options, grocery stores, and professional offices. Public transportation is readily accessible via the CyRide bus network, which serves the front of the site, connecting the property to the broader metropolitan area and the university student population. The asset is suitable for retail operations requiring high visibility and steady foot traffic from the neighboring student and workforce demographics. Ideal use cases include boutique retail, specialty convenience stores, or quick-service food and beverage establishments. The typical tenant profile consists of local entrepreneurs or regional service providers looking to capitalize on proximity to the university housing district. Given the layout and zoning, the space also offers flexibility for service-oriented businesses, such as salons or fitness studios, that benefit from the dense residential surroundings and ease of access for local commuters.

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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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