Property profile

55 Main St Norwich, CT 06360

OFF-MARKET
Showrooms
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Property ID
US15-0017048
67,512 SF 0.87 ac 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.
Market Trends Soon

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. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

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

· Nov 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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Includes: Price & PSF · Cap rate · Location · Zoning

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