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Two-Story Standalone Restaurant Building
For Lease
Contact for pricing

227 Park St, Westfield, IN 46074

Renovated commercial space with outdoor areas and tenant-improvement flexibility near downtown amenities.

Space Size4,953 SF
Days on Market260

Property Features for 227 Park St

General Information

Standard status Active
Size 4,953 SF
Net Rentable 4,953 SF
Property subtype RETAIL

Space & Availability

Available Space 4,953 SF
Contiguous Space 4,953 SF
Space Use Office

Additional Details

Highway Access Yes
Patio Yes

Amenities

dedicated golf cart/bike parking

Building Details

Stories 2
Building Size 4,953 SF

Spaces For Lease

at 227 Park St Contact us

227 Park St

Floor
Bldg
Size
4,953 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Completion
Sublease
No
- Exciting Leasing Opportunity on Restaurant Row in Downtown Westfield - Suitable...
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Listing Agency: Midland Atlantic Indianapolis Office
Listed By: Shawn Heffern
Source: Moodyscre
Added: Dec 13, 2025 Changed: Aug 30 Last Checked: Aug 30 at 10:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Midland Atlantic Indianapolis Office

Investment Insights

Based on property information with market context.

This two-story standalone restaurant property contains 4,953 SF, with a 1,110 SF patio and a 785 SF terrace on the second floor. Building renovation work has been completed, and tenant-improvement support is available for interior buildout. The property is identified as suitable for restaurant, medical, or office headquarters use.

Located at 227 Park St in downtown Westfield, the building is near Grand Junction Plaza and a new 300-space parking garage. It also sits directly beside Midland Trace Trail, which attracts around 400,000 visitors/year, with dedicated golf cart and bike parking behind the building. US-31 and SR-32 provide regional access, while 800+ residential units are under construction within a 1-mile radius.

Key Highlights

  • Two‑story standalone building with 4,953 SF
  • Outdoor areas include a 1,110 SF patio and 785 SF second‑floor terrace
  • Building renovation completed with TI available for interior buildout

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Kitchen & Bath Showroom Parking Lot & Garage Furniture & Home Goods

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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

523
Businesses Nearby
Under-served
Demand for This Use

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Renovated commercial space with outdoor areas and tenant-improvement flexibility near downtown amenities.
Where is this conventional restaurant located?
The property is located at 227 Park St Westfield, IN.
What are key features of this property?
This property features: Two‑story standalone building with 4,953 SF; Outdoor areas include a 1,110 SF patio and 785 SF second‑floor terrace; Building renovation completed with TI available for interior buildout
(317) 597-1715 Call to check price and availability
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