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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

28 & ChatamAve Hwy Norwalk, IA 50211

1 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Lot 1 ac (43,560 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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