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    Chatham Ave Norwalk, IA 50211

    Sponsored
    For Sale
    $1,719,876

    Iowa commercial lot, Hwy 28 access, Town Center zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 143,323 square foot commercial land parcel presents a unique investment opportunity in the thriving Hughes Century Crossing area of Norwalk Central, Iowa. Strategically located just east of Highway 28 along Chatham Avenue, this property enjoys high visibility and convenient access to major transportation routes. Across from the Gregg Young Sports Campus, this site benefits from significant foot traffic and proximity to recreational amenities. Zoned Town Center (TC), the property offers considerable flexibility for a variety of commercial developments. The lot size allows for up to 3.29 acres of development and can be subdivided to accommodate multiple projects. All utilities are available on-site, simplifying the development process and minimizing upfront costs. The asking price is $1,719,876, translating to a land value of $12 per square foot. This prime location in a rapidly growing mixed-use development area makes this an ideal opportunity for investors seeking strong returns and significant development potential in the heart of Norwalk, Iowa, zip code 50211. The property's location in Warren County offers access to a robust local economy and a strong community base. This is a rare chance to acquire a sizable, well-located commercial lot with significant upside potential.

    Property Features for 0 Chatham Ave

    General Information

    Property type
    Land

    HighLights

    • 143,323 SF commercial land parcel in Norwalk, IA's Hughes Century Crossing.
    • High‑visibility location near Highway 28 and Gregg Young Sports Campus.
    • Town Center (TC) zoning allows for flexible commercial development.
    • 3.29‑acre lot, subdividable, with all utilities on‑site.
    • Asking price: $1,719,876 ($12/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Norwalk
    County
    Warren
    State
    Iowa
    Longitude
    -93.667158
    Latitude
    41.488012

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    FAQs

    What type of property is this?
    Land - Iowa commercial lot, Hwy 28 access, Town Center zoning.
    Where is this land located?
    The property is located at Chatham Ave Norwalk, IA.
    What is the asking price?
    The asking price for this property is $1,719,876.
    What are key features of this property?
    This property features: 143,323 SF commercial land parcel in Norwalk, IA's Hughes Century Crossing.; High-visibility location near Highway 28 and Gregg Young Sports Campus.; Town Center (TC) zoning allows for flexible commercial development.
    (515) 314-1715
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    Chatham Ave 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
    Chatham Ave Norwalk, IA 50211
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