1150 Madison St Norwalk, IA 50211
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.