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1351 Chatham Avenue Ave - Chatham Ave Land

1.79 Acres of Commercial Land Offered at $1,167,705 in Norwalk, IA 50211

Investment Highlights

  • Traffic Count 16,800 VPD
  • Easy access to downtown Des Moines
  • Quick access to I-35 via Hwy extension
  • Located in fast growing corridor

Executive Summary

Potential for retail, food & beverage and commercial uses.
Located in Norwalk, this corner lot is within walking distance to new sports complex and retail corridor. The property has fast access to I-35 via Hwy 5 and Downtown Des Moines. 1 MM visitors per year from outside the market.

Property Facts

Price $1,167,705
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 1.79 AC
Cross Streets Hughes Drive

1 Lot Available

Lot

Price $1,167,705
Price Per AC $652,349
Lot Size 1.79 AC

For sale, build-to-suit or ground lease. A Tru By Hilton will be built on one of the plots of land with a completion expectation of Summer 2025 With construction slated to begin July 2024.

Description

Potential retail, food & beverage or commercial uses

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
64024070642
Land Assessment
$28,700
Improvements Assessment
$0
Total Assessment
$28,700

zoning

Zoning Code CL (Commercial Land)
CL (Commercial Land)
  • Listing ID: 31845486

  • Date on Market: 5/17/2024

  • Last Updated:

  • Address: 1351 Chatham Avenue Ave, Norwalk, IA 50211

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