Storefront Flex
For Sale
$1,800,000
727 E Main Street, Westfield, IN 46074
The single-story configuration supports office, retail, and showroom use.
Property Size6,000 SF
Price / SF$300
Days on Market138
Property Features for 727 E Main Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Zoning
GB
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
18 ft
Office Build-Out
6,000 SF
Building Details
Building Size
6,000 SF
Buildings
1
Stories
1
Listing Agency:
WKRP Indy Real Estate
Listed By:
Curtis Lee Whitesell · License #RB14033093
(317) 698-2700
Source:
Battsrealestategroup
Added: Jun 10
Changed: Oct 24
Last Checked: Oct 24 at 2:23AM
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 WKRP Indy Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,000 SF flex property has a single-story layout and 18-foot clear ceiling heights. A storefront option, monument signage, and on-site parking complement its adaptable interior, which can accommodate office, retail, showroom, or combined configurations. The property is zoned GB.
Located on E Main Street in Westfield, the building is just east of the downtown redevelopment district, near Grand Junction Plaza and an expanding mix of restaurants, shops, and other destinations. The US-31 interchange is approximately one mile away; I-465 is about 13 minutes away, and the airport is approximately 40 minutes away. Carmel, Noblesville, and the greater Indianapolis metro are also identified as nearby commuting destinations.
Located on E Main Street in Westfield, the building is just east of the downtown redevelopment district, near Grand Junction Plaza and an expanding mix of restaurants, shops, and other destinations. The US-31 interchange is approximately one mile away; I-465 is about 13 minutes away, and the airport is approximately 40 minutes away. Carmel, Noblesville, and the greater Indianapolis metro are also identified as nearby commuting destinations.
Key Highlights
- 6,000 SF, single‑story flex property
- 18‑foot clear ceiling heights
- Storefront option and monument signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,994
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,579,880
$1.6M
Cap Rate 7%
$1,128,486
$1.1M
Cap Rate 9%
$877,711
$877.7K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$116.6K $19.44/SF
− Vacancy
−$11.3K −$1.89/SF
EGI
$105.3K $17.55/SF
− OpEx
−$26.3K −$4.39/SF
NOI
$79.0K $13.17/SF
Area
Hamilton County, IN
Vacancy
9.70%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,579,880
Cap Rate 7%
$1,128,486
Cap Rate 9%
$877,711
Alternative Uses
Best Use
Office B
$1.13M
$987.4K – $1.32M
NOI $78,994 @ 7.0% cap · market cap 4.39%
Second Best
Industrial
$325.4K
$284.7K – $379.6K
NOI $22,776 @ 7.0% cap · market cap 1.27%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,805 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Milcakitchen — 218 N East St, Westfield, IN 46074
- Moe's Southwest Grill — 3300 East Sr 32, Westfield, IN 46074
Frequently Asked Questions
What type of property is this?
Flex space - The single-story configuration supports office, retail, and showroom use.
Where is this flex space located?
The property is located at 727 E Main Street Westfield, IN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 6,000 SF, single‑story flex property; 18‑foot clear ceiling heights; Storefront option and monument signage
