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    1400 Chatham Ave Norwalk, IA 50211

    Sponsored
    For Lease
    $27 SF/Yr

    Prime Norwalk, IA Medical Office Opportunity

    Lot size:
    13,290 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Hughes Century Crossing, located at 1400 Chatham Ave in Norwalk, Iowa (zip code 50211), presents a unique investment opportunity in a thriving Warren County location. This 13,290 square foot property offers flexible space ideal for medical office, retail, or commercial use. Currently, 10,265 square feet are vacant, offering significant potential for immediate occupancy. The minimum divisible space is 1,568 square feet, while up to 10,265 contiguous square feet are available for larger tenants. The property's multi-tenant capacity allows for diverse occupancy arrangements. Its strategic location offers exceptional visibility and accessibility, situated adjacent to the new Gregg Young Auto Sports Complex at Norwalk Central. This complex boasts 20 acres of turf fields and a state-of-the-art indoor recreation center with basketball courts, and will also house the new Norwalk Parks and Recreation department, ensuring high foot traffic and community engagement. The property's versatile design and prime location make it an attractive prospect for businesses seeking a prominent presence in a rapidly growing area. This is an exceptional chance to establish or expand your business in a dynamic and convenient setting. Contact us today to learn more about this exciting opportunity.

    Property Features for 1400 Chatham Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,290 SF
    Total Rate
    30456.25

    Unit(s) available at that property

    Space
    Available Space
    Size
    10,265 SF
    Rate per SF
    $29

    HighLights

    • 13,290 SF multi‑tenant building in Norwalk, IA (50211), suitable for medical, retail, or commercial use.
    • 10,265 SF of vacant space available, with a minimum divisible unit of 1,568 SF.
    • Located adjacent to the new Gregg Young Auto Sports Complex, offering high visibility and foot traffic.
    • Prime location near residential and commercial developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -93.671943
    Latitude
    41.486924

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    FAQs

    What type of property is this?
    Medical office - Prime Norwalk, IA Medical Office Opportunity
    Where is this medical office located?
    The property is located at 1400 Chatham Ave Norwalk, IA.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: 13,290 SF multi-tenant building in Norwalk, IA (50211), suitable for medical, retail, or commercial use.; 10,265 SF of vacant space available, with a minimum divisible unit of 1,568 SF.; Located adjacent to the new Gregg Young Auto Sports Complex, offering high visibility and foot traffic.
    Request Owner's contact information
    1400 Chatham Ave Norwalk, IA 50211
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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
    1400 Chatham Ave Norwalk, IA 50211
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