Financial
Distress signals
Property profile

55 Main St Norwich, CT 06360

OFF-MARKET
Showrooms
Property ID
US15-0017048
67,512 SF 0.87 ac lot Built 2004
Last sale Dec 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Mercantile Exchange is a Class A five-story office building in the Greater Norwich market. Constructed with masonry and steel, it features flexible floor plates designed to accommodate different suite sizes. The building includes in-house design services and provides options for tenant interior build-outs, with select suites offering water views. On-site security is available. Parking consists of an underground garage with 41 spaces and a level 2 lot with 122 spaces.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$181k
Tax billed · 2024
Assessed value$4.73M
Assessed land$831k
Assessed improvement$3.90M
Effective rate3.82%

Value estimate

· Sep 2026
$5.14M
$4.62M – $5.65M
Submarket $/SF estimate$4.76M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$63/SF
ZIP average, outlier-cleaned · 86 recorded sales of this use type
Observed band · Q1–Q3$34 – $87

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CC
Chelsea Central District CC General Commercial District GC Industrial Production, Manufacturing, & Research District PMR Neighborhood Com...
General categoryUNKNOWN
JurisdictionNORWICH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.9
Dental Office9.8
Bakery9.7

Location

55 Main St Norwich, CT 06360-5760
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
727 Boswell, Norwich, CT 06360-2848 $155,000 Jul 2025 6,843 SF
774 Thames, Norwich, CT 06360-7028 $3,019,990 Feb 2025 30,271 SF
22 Courthouse, Norwich, CT 06360-5707 $400,000 Dec 2024 7,575 SF
16 Courthouse, Norwich, CT 06360 $400,000 Dec 2024 7,300 SF
138-142 Main, Norwich, CT 06360 $168,000 Nov 2024 6,926 SF
60 Town, Norwich, CT 06360-2306 $500,000 Oct 2024 7,527 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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