Single-Story Office Building with
727 E Main Street Westfield, IN 46074
727 E Main Street, Westfield, IN, 46074
$1,800,000
For Sale
$1,800,000
SINGLE_FAMILY - Westfield, IN
Property Size6,000 SF
Lot Size0.64 Acres
Price / SF$300
Days on Market39
Property Features for 727 E Main Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- GB
- Parking features
- Assigned
- Standard status
- Active
- APN
- 291006000005402015
- Lot size
- 0.64 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Acreage .64, Section 6, Township 18, Range 4, Westfield Center, Section 1, Lot 2, Irregular Shape
Listing Agency
WKRP Indy Real Estate
(317) 698-2700
E 186th St 2929, Westfield, IN
Listed by
Curtis Lee Whitesell
(317) 203-9577
Added: Jun 10 Checked: Jul 18 at 11:06 am
MLS# 22107459
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.
Single-story office building offering a flexible commercial-industrial configuration under GB zoning. The property includes a functional interior layout with 18-foot clear ceiling heights and a storefront option, supported by monument signage. Designed to accommodate a range of operational layouts, the building is positioned for showroom, retail, office, or a combination of uses.
Located east of downtown Westfield’s redevelopment district, the property sits near Grand Junction Plaza and a growing mix of restaurants, shops, and destinations. It is approximately one mile from the US-31 interchange, with access to major retail and commuting options toward Carmel, Noblesville, and the broader Indianapolis metro.
The offering is also supported by ample on-site parking and immediate Main Street exposure.
Located east of downtown Westfield’s redevelopment district, the property sits near Grand Junction Plaza and a growing mix of restaurants, shops, and destinations. It is approximately one mile from the US-31 interchange, with access to major retail and commuting options toward Carmel, Noblesville, and the broader Indianapolis metro.
The offering is also supported by ample on-site parking and immediate Main Street exposure.
Key Highlights
- Single‑story 6,000 SF office building with an adaptable floor plan for showroom, retail, office, or combination use
- 18‑foot clear ceiling heights for flexible interior layouts
- Commercial‑industrial flex zoning with a storefront option
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 | $116.6k | $19.44 |
| − Vacancy | −$11.3k | −$1.89 |
| EGI | $105.3k | $17.55 |
| − OpEx | −$26.3k | −$4.39 |
| NOI | $79.0k | $13.17 |
6,000 SF · lease $19.44/SF/yr · vacancy 9.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.13M
$987.4K – $1.32M
NOI $78,994 @ 7.0% cap · market cap 4.39%
Second Best
Industrial
$325.4K
$284.7K – $379.6K
NOI $22,776 @ 7.0% cap · market cap 1.27%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,805 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Moe's Southwest Grill — 3300 East Sr 32, Westfield, IN 46074
- Milcakitchen — 218 N East St, Westfield, IN 46074
FAQs
What type of property is this?
Flex space - Single-story office building with 18-foot clear ceiling heights, flex zoning, and monument signage for Main Street visibility.
Where is this flex space located?
The property is located at 727 E Main Street Westfield, IN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Single‑story 6,000 SF office building with an adaptable floor plan for showroom, retail, office, or combination use; 18‑foot clear ceiling heights for flexible interior layouts; Commercial‑industrial flex zoning with a storefront option
