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    300 Delaware St Norwalk, IA 50211

    Sponsored
    For Sale
    $4,200,000

    Prime Iowa industrial land, Hwy 28 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 19.3-acre parcel in Norwalk, Iowa's Dunn Industrial Park presents a unique opportunity for industrial development. Located on Delaware Street, this M-1 General Industrial zoned land offers convenient access to major transportation arteries, including Highway 28, Highway 5 (4 miles north), and Interstate 35 (6 miles west). The property is shovel-ready, allowing for immediate development, and features permitted outdoor storage. The site is divisible into minimum 2-acre lots, catering to various project sizes. The asking price is $4,200,000, translating to $5 per square foot. The city of Norwalk offers an attractive graduated tax abatement program (75/60/45/30/15). Future city planning includes improved connectivity to a new I-35 interchange, further enhancing the property's long-term value and accessibility. Regional detention is in place. This is an ideal location for businesses seeking efficient logistics and a supportive municipal environment. The property is ready for immediate development, making it an attractive investment for industrial users and developers alike.

    Property Features for 300 Delaware St

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • $4,200,000 asking price for 19.3 acres of industrial land.
    • M‑1 General Industrial zoning.
    • Land price: $5/SF.
    • Lots divisible, minimum 2‑acre parcels.
    • Shovel‑ready site with regional detention.
    • Outdoor storage permitted.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Wholesale Shop Kitchen & Bath HVAC Service Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Warren
    State
    Iowa
    Longitude
    -93.7119945
    Latitude
    41.461298

    Nearby Similar for Sale

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      Charming brick building with three commercial units and office spaces.
      810 Main St, Norwalk, IA 50211
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    • $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
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    FAQs

    What type of property is this?
    Land - Prime Iowa industrial land, Hwy 28 access.
    Where is this land located?
    The property is located at 300 Delaware St Norwalk, IA.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: $4,200,000 asking price for 19.3 acres of industrial land.; M-1 General Industrial zoning.; Land price: $5/SF.
    Request Owner's contact information
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    Norwalk, IA 50211
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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
    300 Delaware St Norwalk, IA 50211
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