611 Kellogg Avenue

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611 Kellogg Avenue

Ames, IA 50010
Asking Price
$289K
Asset Type
Hotel Hospitality
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Hospitality asset available for purchase at 611 Kellogg Avenue
  • Priced at two hundred eighty-nine thousand dollars
  • Located in the central Ames submarket of Iowa
  • Positioned near the Iowa State University campus area
  • Suitable for hospitality operations or commercial redevelopment

What's Special

Hospitality operations or redevelopment projects are well-suited for this 611 Kellogg Avenue asset. Situated in the heart of Ames, Iowa, the property benefits from its proximity to Iowa State University and a consistent flow of academic, sports, and business-related travel within the region. Ames remains a vital economic hub in central Iowa, characterized by its steady population and strong institutional presence which supports ongoing demand for overnight accommodations. Investors or business operators can leverage this hotel facility to capture market share within the Ames submarket. The site provides a manageable footprint for a boutique lodging venture or alternative hospitality use cases. Its central location allows for convenient access to primary local thoroughfares and major commercial corridors, ensuring visibility and accessibility for guests. This acquisition represents a entry-level price point for those seeking to establish or expand a footprint in a stable Midwestern college town.

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NOI
$80,000
Cap Rate
27.68%
DSCR
4.66
Strong
Cash-on-Cash
72.48%
Monthly Payment
$1,429.814
Annual Cash Flow
$62,842.228

Location & Travel Times