End Unit Automotive Garage
17745 Motor District Circle Westfield, IN 46074
17745 Motor District Circle, Westfield, IN, 46074
$600,000
For Sale
$600,000
COMMERCIAL - Westfield, IN
Property Size2,400 SF
Price / SF$250
Days on Market57
Property Features for 17745 Motor District Circle
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Industrial/For Sale
- Parking features
- Garage, Guest, Open, RV
- Security features
- Security System
- Standard status
- Active
- APN
- 290533008020000015
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Acreage .00, Section 33, Township 19, Range 3, Motor District Condominium, Square Feet (Condo) 2,400, Building D, Unit 20, %
Utilities
- Utilities
- Cable Available
- Heating system
- Radiant Floor, Radiant, Electric (Heating)
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 2020
- Floors in Building
- 2
Listing agency
Keller Williams Indpls Metro N
(317) 846-6300
Listed by
Derek Gutting · License #RB14024424
(317) 846-6300
Added: May 28 Updated: Jul 9 at 2:56AM Checked: Jul 23 at 4:06AM
MLS# 22104434
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale automotive garage space is an end unit featuring a heated interior with a large overhead garage door, two bathrooms, and an open main floor layout. A second-floor mezzanine overlooks the main garage area.
The space includes large windows and a view of the community’s event plaza. The interior configuration also features a full kitchen and a large living or work area.
Utilities are included in the annual HOA dues, except electricity, which is the owner’s responsibility.
The space includes large windows and a view of the community’s event plaza. The interior configuration also features a full kitchen and a large living or work area.
Utilities are included in the annual HOA dues, except electricity, which is the owner’s responsibility.
Key Highlights
- 2,400 sq. ft. heated garage unit built in 2020 in Westfield’s Motor District
- End unit with large overhead garage door and open main floor for vehicle storage, workshop, or showroom use
- Parking/storage includes room to fit 11 cars with a lift, plus RV, guest, and open parking features
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.7k | $19.44 |
| − Vacancy | −$4.5k | −$1.89 |
| EGI | $42.1k | $17.55 |
| − OpEx | −$10.5k | −$4.39 |
| NOI | $31.6k | $13.17 |
2,400 SF · lease $19.44/SF/yr · vacancy 9.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$451.4K
$395.0K – $526.6K
NOI $31,598 @ 7.0% cap · market cap 5.27%
Second Best
Industrial
$130.2K
$113.9K – $151.9K
NOI $9,111 @ 7.0% cap · market cap 1.52%
Theoretical Best
Office A
$553.2K
$484.0K – $645.4K
NOI $38,722 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
FAQs
What type of property is this?
Auto shop - Heated end unit with overhead garage door, two bathrooms, and a mezzanine overlooking the main garage area.
Where is this auto shop located?
The property is located at 17745 Motor District Circle Westfield, IN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,400 sq. ft. heated garage unit built in 2020 in Westfield’s Motor District; End unit with large overhead garage door and open main floor for vehicle storage, workshop, or showroom use; Parking/storage includes room to fit 11 cars with a lift, plus RV, guest, and open parking features
