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    32 Stower Ln Norwalk, OH 44857

    For Sale
    $119,900

    Prime 1.095-acre commercial lot in Norwalk, OH.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.095-acre commercial land parcel presents a remarkable opportunity for business development in Norwalk, Ohio. Strategically located off the main North entrance to Norwalk on Route 250, this property boasts high visibility with a nearby traffic count of 14,496 vehicles. Its prime location is adjacent to The Shoppes at Norwalk Commons and in close proximity to a movie theater, Fisher Titus Convenient Care, and a surgery center, ensuring high foot traffic and convenient access for potential customers. The lot is zoned for commercial use and features a significant advantage: 10 paved parking spaces are already installed, accompanied by a non-exclusive easement. While the owner retains the right to utilize these parking spaces, they are not responsible for maintenance, repairs, snow removal, or replacements. This ready-to-develop site offers immediate potential for a wide range of commercial ventures, making it an ideal investment for entrepreneurs seeking a high-traffic, well-located property in a thriving community. The asking price is $119,900. The property is located at 32 Stower Lane, Norwalk, OH 44857. Huron County.

    Property Features for 32 Stower Ln

    General Information

    Property type
    Land
    Lot Size
    47,698 SF

    HighLights

    • $119,900 asking price.
    • 1.095‑acre commercial land parcel.
    • Located in Norwalk, OH, on Route 250, near The Shoppes at Norwalk Commons.
    • Commercial zoning.
    • Includes 10 paved parking spaces with a non‑exclusive easement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Huron
    State
    Ohio
    Longitude
    -82.607617
    Latitude
    41.268445

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    FAQs

    What type of property is this?
    Land - Prime 1.095-acre commercial lot in Norwalk, OH.
    Where is this land located?
    The property is located at 32 Stower Ln Norwalk, OH.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: $119,900 asking price.; 1.095-acre commercial land parcel.; Located in Norwalk, OH, on Route 250, near The Shoppes at Norwalk Commons.
    (419) 663-3536
    Request Owner's contact information
    32 Stower Ln Norwalk, OH 44857
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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
    32 Stower Ln Norwalk, OH 44857
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