727 E Main Street Westfield, IN 46074
SINGLE_FAMILY - Westfield, IN
Property Features for 727 E Main Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- GB
- Parking features
- Assigned
- Standard status
- Active
- APN
- 291006000005402015
- Lot size
- 0.64 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Acreage .64, Section 6, Township 18, Range 4, Westfield Center, Section 1, Lot 2, Irregular Shape
Listing agent Curtis Lee Whitesell (317) 203-9577
Listing office WKRP Indy Real Estate E 186th St 2929, Westfield, IN (317) 698-2700
Listing date Jun 10, 2026
Copyright © 2026 MIBOR Service Corporation. 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.
Located east of downtown Westfield’s redevelopment district, the property sits near Grand Junction Plaza and a growing mix of restaurants, shops, and destinations. It is approximately one mile from the US-31 interchange, with access to major retail and commuting options toward Carmel, Noblesville, and the broader Indianapolis metro.
The offering is also supported by ample on-site parking and immediate Main Street exposure.
Key Highlights
- Single‑story 6,000 SF office building with an adaptable floor plan for showroom, retail, office, or combination use
- 18‑foot clear ceiling heights for flexible interior layouts
- Commercial‑industrial flex zoning with a storefront option
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 | $116.6k | $19.44 |
| − Vacancy | −$11.3k | −$1.89 |
| EGI | $105.3k | $17.55 |
| − OpEx | −$26.3k | −$4.39 |
| NOI | $79.0k | $13.17 |
Alternative Uses
Property Analytics
Current Use by Public Records
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