300 Delaware St Norwalk, IA 50211
This exceptional 19.3-acre parcel in Norwalk, Iowa's Dunn Industrial Park presents a unique opportunity for industrial development. Located on Delaware Street, this M-1 General Industrial zoned land offers convenient access to major transportation arteries, including Highway 28, Highway 5 (4 miles north), and Interstate 35 (6 miles west). The property is shovel-ready, allowing for immediate development, and features permitted outdoor storage. The site is divisible into minimum 2-acre lots, catering to various project sizes. The asking price is $4,200,000, translating to $5 per square foot. The city of Norwalk offers an attractive graduated tax abatement program (75/60/45/30/15). Future city planning includes improved connectivity to a new I-35 interchange, further enhancing the property's long-term value and accessibility. Regional detention is in place. This is an ideal location for businesses seeking efficient logistics and a supportive municipal environment. The property is ready for immediate development, making it an attractive investment for industrial users and developers alike.
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
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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.