Westville Commercial Corner
52 W Main Street Westville, IN 46391
52 W Main Street, Westville, IN, 46391
$225,000
For Sale
$225,000
COMMERCIAL - Westville, IN
Property Size1,095 SF
Lot Size0.20 Acres
Price / SF$205.48
Days on Market161
Property Features for 52 W Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 5
- Parking features
- Driveway
- Security features
- Security Lighting
- Appliances
- Water Heater
- Standard status
- Active
- APN
- 460929287006000028
- Size
- 1,095 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 49-09-29-287-006 CLYBURNS LT 6 BLK 8.
- Tax Annual Amount
- 1312
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Water source
- Public
Building Details
- Year built
- 1940
Listing Agency
RE/MAX Lifestyles
(219) 462-2121
831 E. Lincolnway, Valparaiso, IN
Listed by
Nicholas Blanusha · License #RB25000564
(312) 914-2549
Added: Feb 6 Checked: Jul 17 at 2:06 pm
MLS# 833704
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property is located on a high-traffic corner in Westville, Indiana, at the intersection of Main Street and US Highway 421. The solid brick building offers visibility and access. The property, zoned CBD-1, spans 1,095 square feet and is situated on an approximately 0.2-acre lot (0.1965 acres). The versatile layout is suitable for various business needs. The structure includes two overhead doors, presenting a turnkey opportunity for a restaurant or a retail or office conversion with an industrial-chic design.
Key Highlights
- High‑traffic commercial corner location at the intersection of Main Street and US Highway 421.
- Solid brick building with excellent visibility and access.
- Versatile 1,095 sq ft layout suitable for various business types.
Local Financial Insights For Office B
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 | $16.4k | $15.00 |
| − Vacancy | −$1.5k | −$1.38 |
| EGI | $14.9k | $13.62 |
| − OpEx | −$3.7k | −$3.41 |
| NOI | $11.2k | $10.22 |
1,095 SF · lease $15.00/SF/yr · vacancy 9.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$304.4K
$266.4K – $355.2K
NOI $21,309 @ 7.0% cap · market cap 9.47%
Second Best
Office B
$159.8K
$139.8K – $186.4K
NOI $11,185 @ 7.0% cap · market cap 4.97%
Theoretical Best
—
—
same as Best Use
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-traffic corner property ideal for retail, restaurant, or office.
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.; Solid brick building with excellent visibility and access.; Versatile 1,095 sq ft layout suitable for various business types.
