Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1351 Chatham Ave Norwalk, IA 50211

    For Sale
    $1,167,705

    1.79 Acres, High-Traffic Area, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.79-acre commercial land parcel presents a unique investment opportunity in the thriving city of Norwalk, Iowa. Located at 1351 Chatham Ave, this corner lot boasts unparalleled visibility and accessibility, situated within walking distance of a newly constructed sports complex and a vibrant retail corridor. The property's strategic location offers fast access to Interstate 35 via Highway 5, providing seamless connectivity to Downtown Des Moines and beyond. With an asking price of $1,167,705, this land offers a compelling value proposition at $15 per square foot. The high-traffic area attracts approximately one million visitors annually from outside the immediate market, creating significant potential for a wide range of commercial ventures. This prime location is ideal for retail establishments, food and beverage businesses, or other commercial developments seeking high visibility and convenient access to major transportation routes. The property's size and location make it an attractive option for developers looking to capitalize on Norwalk's continued growth and strong economic outlook. The Warren County location and 50211 zip code further solidify its desirability. This is a rare opportunity to acquire a substantial commercial land parcel in a rapidly developing area with exceptional potential for future growth and return on investment.

    Property Features for 1351 Chatham Ave

    General Information

    Property type
    Land
    Lot Size
    77,972 SF

    HighLights

    • 1.79‑acre commercial land parcel for sale by owner in Norwalk, IA.
    • Asking price: $1,167,705, land value: $15/SF.
    • Located at 1351 Chatham Ave, Norwalk, IA 50211.
    • Suitable for retail, food & beverage, and other commercial uses.
    • Prime corner lot near a new sports complex, retail corridor, and I‑35 access via Hwy 5.
    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
    Warren
    State
    Iowa
    Longitude
    -93.6716853
    Latitude
    41.4874625

    Nearby Comparable

    • Contact for pricing
      1.00 Acre

      Hughes Century Crossing: Norwalk, IA

      Prime IA Commercial Land Investment
      28 & ChatamAve Hwy, Norwalk, IA 50211
      View Details
    • Contact for pricing
      1.00 Acre

      Norwalk Commercial Land Opportunity

      Prime Iowa land, various sizes, high traffic.
      0 Hwy 28 & Chatham Ave, Norwalk, IA 50211
      View Details
    • Contact for pricing

      Land in Growing Retail Corridor

      Land suitable for retail, office, medical, or commercial development.
      Chatham Ave, Norwalk, IA 50211
      View Details
    • $1,719,876

      Norwalk Commercial Land - Prime Location

      Iowa commercial lot, Hwy 28 access, Town Center zoning.
      0 Chatham Ave, Norwalk, IA 50211
      View Details
    • Contact for pricing
      0.82 Acres

      Prime Norwalk Commercial Land

      0.82-acre lot, Highway 28, build-to-suit options.
      | Norwalk Iowa Hwy 28 & Turnberry Dr, Norwalk, IA 50211
      View Details
    • Contact for pricing

      Hwy 28 & Beardsley Commercial Land

      1.63 Acres, High Traffic, Norwalk, IA
      3000 Sunset Dr, Norwalk, IA 50211
      View Details

    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?
    Land - 1.79 Acres, High-Traffic Area, Development Potential
    Where is this land located?
    The property is located at 1351 Chatham Ave Norwalk, IA.
    What is the asking price?
    The asking price for this property is $1,167,705.
    What are key features of this property?
    This property features: 1.79-acre commercial land parcel for sale by owner in Norwalk, IA.; Asking price: $1,167,705, land value: $15/SF.; Located at 1351 Chatham Ave, Norwalk, IA 50211.
    (515) 334-4900
    Request Owner's contact information
    1351 Chatham Ave Norwalk, IA 50211
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1351 Chatham Ave
    Norwalk, IA 50211
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1351 Chatham Ave Norwalk, IA 50211
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.