129 PENN ST, Westfield, IN 46074

Building Details

Buildings 2 More

Tenancy Multi More

Listing Agency: Berkshire Hathaway Homeservices

Listed By: Justin Wiley

Source: Crexi

Added: Nov 1 Changed: Nov 8 Last Checked: Nov 8 at 5:03PM

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Investment Insights

Based on property information with market context.

This multi-unit property has two buildings. The front building currently operates as an Airbnb and could instead serve as office or workspace. A separate rear building is occupied by rent-paying tenants, providing a second use alongside the short-term lodging operation.

The property is zoned Commercial Business and is located near downtown Westfield, Indiana.

Key Highlights

• Two‑building, multi‑unit property
• Front building operates as an Airbnb
• Rear building generates rental income

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

maxIT Healthcare Consultant

Suggested Use

Top Pick Law Firm Parking Lot & Garage Grocery & Convenience Store Barber Shop Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

482

Businesses Nearby

Explore this area Business Placement

Demographics for 46074, IN

42,598

Population

17,118

Households

2.5

Avg Household Size

36

Median Age

61%

College-Educated

97%

High-School Grad

36.4 sq mi

ZIP Area

1,170

Density / Sq Mi

$123,580

Median Household Income

$60,250

Median Earnings

$1,550

Median Rent

$400,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A multi-unit property pairs short-term lodging with a separate building used for rental income.

Where is this mixed-use property located?

The property is located at 129 PENN ST Westfield, IN.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Two‑building, multi‑unit property; Front building operates as an Airbnb; Rear building generates rental income