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    David Brown Dr Westfield, IN 46074

    For Sale
    $3,471,000

    23 Acres, High-Traffic Location, Development Ready

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    325
    This exceptional 23.14-acre commercial land parcel presents a prime development opportunity in Westfield, Indiana. Strategically located on the east side of US 31 and south of 169th Street, this property boasts approximately 950 feet of US 31 frontage and 600 feet of frontage on 169th Street, ensuring high visibility and accessibility. The site is zoned General Business-PD, allowing for flexible development options. With an impressive Annual Average Daily Traffic (AADT) of 61,737 vehicles, this location offers unparalleled exposure for businesses. The new Westfield Boulevard Connector provides direct access from State Road 32, enhancing connectivity. All utilities are available on-site. This high-growth area is just one mile from Grand Park, Grand Junction Plaza, and numerous big-box retailers including Meijer, Market District, Walmart, Target, Kohl's, Hobby Lobby, and Kroger, as well as a variety of restaurants and retail establishments. The surrounding area boasts over 81,000 homes within a 5-mile radius, with an average household annual income exceeding $102,954, indicating a strong and affluent consumer base. This property is adjacent to a car dealership to the west and multi-family housing to the east, creating a diverse and thriving neighborhood. The potential for high investment return makes this a truly exceptional opportunity.

    Property Features for 0 David Brown Dr

    General Information

    Property type
    Land

    HighLights

    • $3,471,000 asking price for 23.14 acres of commercial land in Westfield, Indiana.
    • General Business PD zoning.
    • High‑traffic location with US 31 and 169th Street frontage, offering excellent visibility.
    • Convenient access to major highways and proximity to amenities like Grand Park and numerous retail establishments.
    • Strong demographics with over 81,000 homes within a 5‑mile radius and high average household income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Westfield
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1313306
    Latitude
    40.0327872

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    FAQs

    What type of property is this?
    Land - 23 Acres, High-Traffic Location, Development Ready
    Where is this land located?
    The property is located at David Brown Dr Westfield, IN.
    What is the asking price?
    The asking price for this property is $3,471,000.
    What are key features of this property?
    This property features: $3,471,000 asking price for 23.14 acres of commercial land in Westfield, Indiana.; General Business PD zoning.; High-traffic location with US 31 and 169th Street frontage, offering excellent visibility.
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    David Brown Dr Westfield, IN 46074
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    David Brown Dr Westfield, IN 46074
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