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    17313 Spring Mill Rd Westfield, IN 46074

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    For Sale
    $6,357,000

    New retail property with a 15-year lease and annual increases.

    Property size:
    11,275 SF
    Lot size:
    1.24 Acres

    Property Features for 17313 Spring Mill Rd

    General Information

    Size
    11,275 SF
    Lot size
    1.24 Acres

    Source: CP Partners Agent John Andreini

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail Property with Lease

    This retail property features a brand-new 15-year lease with 2% annual rental increases and three, 5-year options to extend the lease at increased rents. The lease is guaranteed by the tenant's founder. The building was newly delivered in 2023 and includes a new roof with a 15-year warranty. The property is located adjacent to a heavily trafficked Meijer location, ranked in the top 2% of grocery stores nationwide based on annual visits. It is also situated just 2 miles from Grand Park, a 400-acre sports campus with 31 multi-purpose fields and 26 baseball/softball diamonds that attracts 2.5 million visitors annually. The surrounding area has affluent demographics, with average household incomes of $159,000 and a population of 105,000 within a 5-mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Guidepost Montessori at Spring ... Montessori School

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Kroger Floral

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1625607
    Latitude
    40.0412115

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    FAQs

    What type of property is this?
    Storefront property - New retail property with a 15-year lease and annual increases.
    Where is this storefront property located?
    The property is located at 17313 Spring Mill Rd Westfield, IN.
    What is the asking price?
    The asking price for this property is $6,357,000.
    What are key features of this property?
    This property features: - Lease guaranteed by ultra-high net worth founder (nine-figure net worth).; - Brand-new 15-year lease with 2% annual rental increases.; - Adjacent to a top 2% nationally ranked Meijer location based on annual visits.
    (415) 274-2715
    Request Owner's contact information
    17313 Spring Mill Rd Westfield, IN 46074
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    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
    17313 Spring Mill Rd Westfield, IN 46074
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