Westville Commercial Corner
52 W Main Street Westville, IN 46391
52 W Main Street, Westville, IN, 46391
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For Sale
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High-visibility commercial property in Westville, Indiana, suitable for various uses.
Property Size1,095 SF
Lot Size0.20 Acres
Price / SF$205.48
Days on Market160
Property Features for 52 W Main Street
General Information
- Standard status
- Active
- Size
- 1,095 SF
- Lot size
- 0.20 Acres
- Property subtype
- Industrial, Retail
Building Details
- Year Built
- 1940
Listing Agency
RE/MAX Lifestyles
Listed by
Nick Blanusha · License #RB25000564
Source
Crexi
Added: Feb 7 Checked: Jul 15 at 11:03 pm
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 RE/MAX Lifestyles
Investment Insights
Based on property information with market context.
Located at the intersection of Main Street and US Highway 421 in Westville, Indiana, this commercial property offers high visibility and access. The solid brick building spans 1,095 square feet on an approximately 0.2-acre lot. The layout is versatile and suitable for a variety of business needs. The structure retains two overhead doors, making it a potential turnkey opportunity for a restaurant or for an industrial-chic retail or office conversion. The property is zoned CBD-1.
Key Highlights
- High‑traffic commercial corner location at the intersection of Main Street and US Highway 421.
- Unbeatable visibility and access.
- Versatile 1,095 sq ft layout suitable for various business needs.
Local Financial Insights For Retail
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 | $15.3k | $14.00 |
| − Vacancy | −$598 | −$0.55 |
| EGI | $14.7k | $13.45 |
| − OpEx | −$4.4k | −$4.04 |
| NOI | $10.3k | $9.42 |
1,095 SF · lease $14.00/SF/yr · vacancy 3.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$147.3K
$128.9K – $171.9K
NOI $10,312 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$304.4K
$266.4K – $355.2K
NOI $21,309 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - High-visibility commercial property in Westville, Indiana, suitable for various uses.
Where is this retail space located?
The property is located at 52 W Main Street Westville, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: High‑traffic commercial corner location at the intersection of Main Street and US Highway 421.; Unbeatable visibility and access.; Versatile 1,095 sq ft layout suitable for various business needs.
