1060 Madison St 19,500 SF 100% Leased Industrial Building Norwalk, IA 50211 $3,150,000 ($161.54/SF)

KataLYST Commercial by KW is pleased to exclusively present
1060 Madison St. Norwalk, IA 50211 is a newly constructed 19,505 SF industrial condominium building situated on 3.2 acres within Norwalk's rapidly expanding industrial corridor. Priced at approximately $161 per square foot — at replacement cost — with a fully transferable 100% property tax abatement valued at approximately $390,000 over five years, the property offers an owner-user contractor, distributor, or light-industrial operator an immediate operational footprint with substantial expansion capacity through the included pad-ready Phase 2 site.
The property benefits from a 100% property tax abatement from the City of Norwalk for five consecutive years, beginning with the 2027 tax year. The abatement is committed to the property, runs with the sale, and transfers to the buyer at closing without application requirement. Based on projected assessed value, the total estimated tax savings to the owner over the abatement period is approximately $390,000. This structure meaningfully reduces effective operating cost during the initial ownership period and enhances yield for both owner-users and investors.