28 & ChatamAve Hwy Norwalk, IA 50211
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.