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    1150 Madison St Norwalk, IA 50211

    Sponsored
    For Sale
    $655,000

    Prime Iowa location, shovel-ready, M-1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3-acre commercial and industrial land parcel presents a unique investment opportunity in Norwalk, Iowa. Located at 1150 Madison Street, this property (Plat 2 Lot 2) is ideally situated within Dunn Industrial Park, offering convenient access to major transportation arteries. The site boasts M-1 General Industrial zoning, permitting a wide range of uses, including outdoor storage. Priced at $655,000 ($5/sq ft), this shovel-ready site is perfect for immediate development. Its strategic location provides easy access to Highway 28, with Highway 5 just four miles north and Interstate 35 only six miles west. The property benefits from Norwalk's Industrial Graduated Tax Abatement program (75/60/45/30/15), offering significant long-term cost savings. Regional detention is in place, and future city planning indicates connectivity to a new I-35 interchange, further enhancing the property's value and accessibility. This is a rare opportunity to acquire a well-positioned, fully-permitted industrial site in a rapidly growing area.

    Property Features for 1150 Madison St

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • Plat 2, Lot 2
    • 3‑acre parcel
    • $655,000 asking price
    • Shovel‑ready site
    • Regional detention system in place
    • M‑1 General Industrial zoning
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Norwalk
    County
    Warren
    State
    Iowa
    Longitude
    -93.68966
    Latitude
    41.457952

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    FAQs

    What type of property is this?
    Land - Prime Iowa location, shovel-ready, M-1 zoning.
    Where is this land located?
    The property is located at 1150 Madison St Norwalk, IA.
    What is the asking price?
    The asking price for this property is $655,000.
    What are key features of this property?
    This property features: Plat 2, Lot 2; 3-acre parcel; $655,000 asking price
    Request Owner's contact information
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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
    1150 Madison St Norwalk, IA 50211
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