Story County, IA
39.43 Acres M/L

27253 U.S. Highway 69 |
Kelley, IA 50134 |
Listing #14927

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$1,450,000

Property Info

Description

Unique Building / Land opportunity located just 2 miles south of the Ames, Iowa City Limits. An excellent location within the corridor known for Ag Research & Development between the growing metro areas of Des Moines/Ankeny and Ames with easy access to Interstate 35. Property consists of over 25,300 sq. ft. of building space and 39.43 total acres adjacent to US Highway 69. The majority of the original buildings were constructed in 1976/1977 & 1982. The office building and building exteriors were renovated in 2003. This has been the site of long-term tenant BASF with the primary use being seed research and development before their expansion to a larger site. Several of the improvements found within the buildings and on the property would be conducive to seed or ag related research including the lab facilities and refrigerated areas used to maintain seed quality.

The farmland area has been greatly improved to manage consistent growing conditions. There are 34.44 tillable acres with a CSR2 rating of 88.4. Primary soil types include high producing Clarion loam, Nicollet loam, Webster clay loam, and Canisteo clay loam.

Utilities include rural water provided by Xenia Rural Water, three phase electric provided by Consumers Energy, and a well that serves as the water source for the greenhouse. The current zoning for the building site is A-2 (Agribusiness District) with the balance of farmland and test plots zoned Agriculture. See attachment labeled “A-2, AgriBusiness Permitted Uses”. Per the 2015 Iowa DOT traffic study, there are 6,800 vehicles that pass by this property per day.

Building Information Below:
Building A:      4,825 sq. ft. of finished office space with several individual offices, bathrooms, and a conference room
Building B:      4,800 sq. ft. insulated, steel framed warehouse with 16 ft. overhead door, includes refrigerated cooler area
Building C:      3,200 sq. ft. insulated, steel framed warehouse with two 14 ft. overhead doors, includes refrigerated cooler area
Building D:      1,800 sq. ft. insulated, steel framed warehouse with 16 ft. overhead door
Building E:      2,400 sq. ft. steel framed warehouse with 16 ft. overhead door
Greenhouse:    8,305 sq. ft. complex that includes a 5,285 of greenhouse space and over 3,000 sq. ft. of warehouse and storage areas
*See attachment labeled “Building Specifications and Information” for additional information*

Legal Description

Parcels A & B in the Southeast Quarter of the Northwest Quarter of Section Thirty-five (35), Township Eighty-three (83) North, Range Twenty-four (24) West of the 5th P.M., Story County, Iowa. Exact legal description to be taken from the Abstract.

Directions

From Ames, Iowa: Head south out of town on US Highway 69 for approximately three miles and the property is located on the west side of the highway.

Sign On Property: Yes
MLS Number: 603200
Parcel Number: 0935100405; 0935100450
School District: Ballard Community School District
General Area: South of Ames, Iowa
Net Taxes: $20,488.00
CSR2: 88.40
Possession: At Closing, Subject to Farm Tenant's Rights
Terms: Cash/Conventional

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