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    28 & ChatamAve Hwy Norwalk, IA 50211

    Sponsored
    For Sale
    Contact for pricing

    Prime IA Commercial Land Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Hughes Century Crossing presents a unique investment opportunity in Norwalk, Iowa. This expansive property, located at Hwy 28 & Chatham Ave (zip code 50211), offers 1 to 6.9 acres of land zoned for diverse commercial uses, including retail, office, medical, and general commercial development. The land boasts a highly desirable location within a rapidly expanding retail corridor, experiencing significant growth. With a daily traffic count of 16,000 vehicles, this site offers exceptional visibility and accessibility. Convenient access to Interstate 35 via the Highway 5 extension ensures seamless connectivity to the broader Des Moines metropolitan area and beyond. The property's strategic location provides easy access to Downtown Des Moines, further enhancing its appeal. The land value is priced competitively at $12 to $14 per square foot, representing a compelling investment proposition for developers seeking a prime location in a thriving market. The property's versatility allows for a range of development possibilities, catering to various business needs and investment strategies. This is an exceptional opportunity to capitalize on the robust growth and development potential of Norwalk, Iowa. The property is currently for sale.

    Property Features for 28 & ChatamAve Hwy

    General Information

    Property type
    Medical offices
    Lot Size
    43,560 SF

    HighLights

    • Versatile zoning allows for retail, office, medical, or commercial development.
    • Medium and high‑density residential land parcels available.
    • High traffic count of 16,000 vehicles per day (VPD).
    • Convenient access to I‑35 via Highway 5 extension.
    • Close proximity to Downtown Des Moines.
    • Situated in a rapidly expanding retail area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Norwalk
    County
    Warren
    State
    Iowa
    Longitude
    -93.6741904
    Latitude
    41.4874487

    Nearby Comparable

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      Norwalk Commercial Land Opportunity

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      Land in Growing Retail Corridor

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      Norwalk Commercial Land - Prime Location

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      Norwalk Commercial Land - Prime Location

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      Hwy 28 & Beardsley Commercial Land

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Medical office - Prime IA Commercial Land Investment
    Where is this medical office located?
    The property is located at 28 & ChatamAve Hwy Norwalk, IA.
    What are key features of this property?
    This property features: Versatile zoning allows for retail, office, medical, or commercial development.; Medium and high-density residential land parcels available.; High traffic count of 16,000 vehicles per day (VPD).
    Request Owner's contact information
    28 & ChatamAve Hwy 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
    28 & ChatamAve Hwy Norwalk, IA 50211
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