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    1058 Y Ave Norway, IA 52318

    For Sale
    Contact for pricing

    Business - Norway, IA

    Type:Business
    Property size:
    4,608 SF
    Lot size:
    3.70 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 1058 Y Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    NA
    APN
    000000100103023
    Size
    4,608 SF
    Lot size
    3.70 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2019
    Flooring type
    Carpet, Concrete
    Roof type
    Metal
    Architectural style
    Other

    RE/MAX Real Estate Concepts (319) 395-0101 [email protected]

    Listing agent Steven Hankemeier (319) 395-0101

    Listing date Nov 17, 2025

    MLS# 2509423 Listing URL

    Copyright © 2025 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Norway, Iowa Business Opportunity

    This property presents an opportunity to start or relocate a business. Situated on approximately 3.7 acres, the property includes a shop space featuring three overhead doors of varying sizes: 10x10, 12x10, and 16x14. The shop area provides 3,168 square feet of space, with the potential for expansion. An additional 1,440 square feet is currently configured as living quarters. This residential space includes two bedrooms, two full bathrooms, a laundry area, and a full kitchen equipped with appliances. Located in Norway, Iowa.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Kitchen & Bath Furniture Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norway
    County
    Benton
    State
    Iowa
    Longitude
    -91.85063
    Latitude
    41.851962

    FAQs

    What type of property is this?
    Flex space - Flex space with living quarters on almost 4 acres.
    Where is this flex space located?
    The property is located at 1058 Y Ave Norway, IA.
    What are key features of this property?
    This property features: - Almost 4-acre property offers ample space for business operations and expansion.; - **3,168 sqft shop space with three overhead doors (10x10, 12x10, and 16x14)** suitable for various business needs.; - **Living quarters included: 2 bedrooms, 2 full baths, laundry, and full kitchen with appliances.**
    (319) 395-0101
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    Norway, IA 52318
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1058 Y Ave Norway, IA 52318
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