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    1401 E 28Th St Norwalk, IA 50211

    For Sale
    $359,000

    LAND - Norwalk, IA

    Lot size:
    0.38 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 14 at 6:06 pm

    Property Features for 1401 E 28Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-4
    APN
    63349010060
    Lot size
    0.38 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Peoples Company (515) 771-7588 [email protected]

    Listing agent Ludwig, Kalen N (515) 402-3169

    Listing date Nov 18, 2025

    MLS# 730587 Listing URL

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

    Overview

    Norwalk Land Ready for Development

    This property presents an opportunity to develop multi-family six-plex units within an existing Norwalk community. The flat, build-ready lots are suitable for daylight basements. The seller will include already established floorplans in the sale. Positioned within an established townhome neighborhood, the project is designed to integrate into a cohesive residential setting. The Homeowner's Association (HOA) supports a care-free lifestyle, with dues of $230 per month covering exterior maintenance, building insurance, lawn care, and snow removal. Located northwest of the Flamingo Lounge, the site offers access to Norwalk amenities, schools, and trails, with a commute to the Des Moines metro. The 0.38-acre lots are zoned R-4 and are located at 1401 E 28th Street, Norwalk, IA 50211.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Building Supply Dental Office Wholesale Shop Storage Facility Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Warren
    State
    Iowa
    Longitude
    -93.653941
    Latitude
    41.480983

    Nearby Similar for Sale

    • $419,900
      0.16 Acres

      Downtown Norwalk Commercial Building For Sale

      Charming brick building with three commercial units and office spaces.
      810 Main St, Norwalk, IA 50211
      View Details
    • $299,000
      Pending

      Norwalk Commercial Building on 1 Acre

      6,000 sq ft commercial building on 1 acre lot.
      9120 SW 9Th St, Norwalk, IA 50211
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Six-plex development opportunity in established Norwalk community.
    Where is this residential land & home lot located?
    The property is located at 1401 E 28Th St Norwalk, IA.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: - Build-ready lots approved for multi-family six-plex units in a desirable Norwalk community.; - Seller provides established floorplans, streamlining the development process.; - HOA covers exterior maintenance, building insurance, lawn care, and snow removal ($230/month).
    (515) 402-3169
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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
    1401 E 28Th St Norwalk, IA 50211
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