Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    State Road 38 Westfield, IN 46074

    For Sale
    $5,175,000

    Prime Commercial Land, Westfield, IN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 45.44-acre commercial land parcel presents a remarkable investment opportunity in Westfield, Indiana. Strategically located at the southeast corner of US 31 and State Road 38, this property enjoys unparalleled visibility and accessibility. Currently zoned AG-SF1, it aligns perfectly with Westfield's master plan designating this area for "Regional Commercial" development. The site's potential is amplified by its proximity to established businesses and affluent residential areas, indicating a strong path of growth for mixed-use development. Utilities are readily available near the site, simplifying infrastructure integration. The lot size ranges from 30 to 45.44 acres, offering flexibility for various development scales. The asking price is $5,175,000, with a price per acre ranging from $115,000 to $172,500, reflecting the prime location and development potential. This property is ideally suited for a wide range of commercial ventures, capitalizing on the area's robust economic growth and strategic location. Don't miss this chance to acquire a premier commercial land holding in a thriving Indiana community. The address is 0 East State Road 38, Westfield, IN 46074.

    Property Features for 0 State Road 38

    General Information

    Property type
    Land
    Lot Size
    1,306,800 SF

    HighLights

    • $5,175,000 asking price for 30‑45.44 acres of commercial land.
    • Located at the prime corner of US 31 and SR 38 in Westfield, Indiana.
    • Zoned AG‑SF1, designated "Regional Commercial" in the Westfield master plan, suitable for mixed‑use development.
    • Land value: $115,000 - $172,500 per acre.
    • Utilities are readily available nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Westfield
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.125111
    Latitude
    40.090582

    Nearby Similar for Sale

    • $600,000
      Pending

      Garage Space in Westfield Motor District

      2,400 sq ft heated garage space in Westfield, Indiana.
      17745 Motor District Cir, Westfield, IN 46074
      View Details
    • $650,000
      2,023 SF

      Renovated Retail in Westfield Heart

      Remodeled retail property with variance for salon use.
      228 Maple St, Westfield, IN 46074
      View Details
    • $6,357,000
      11,275 SF

      New Retail Property with Lease

      New retail property with a 15-year lease and annual increases.
      17313 Spring Mill Rd, Westfield, IN 46074
      View Details
    • $5,950,000
      14,866 SF

      CVS Pharmacy Leasehold Investment

      NNN leased CVS Pharmacy in Westfield, Indiana.
      730 In-32, Westfield, IN
      View Details
    • Contact for pricing
      24,256 SF

      Westfield Industrial Buildings For Sale

      Two industrial buildings totaling 24,256 SF on 3.12 acres.
      502 In-32, Westfield, IN
      View Details
    • Contact for pricing
      159,850 SF

      Westfield Warehouse Opportunity

      159,850 SF warehouse property in Westfield, Indiana.
      20221 Grassy Branch Rd, Westfield, IN 46074
      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Westfield, IN
    Where is this land located?
    The property is located at State Road 38 Westfield, IN.
    What is the asking price?
    The asking price for this property is $5,175,000.
    What are key features of this property?
    This property features: $5,175,000 asking price for 30-45.44 acres of commercial land.; Located at the prime corner of US 31 and SR 38 in Westfield, Indiana.; Zoned AG-SF1, designated "Regional Commercial" in the Westfield master plan, suitable for mixed-use development.
    (317) 213-6692
    Request Owner's contact information
    State Road 38 Westfield, IN 46074
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    State Road 38
    Westfield, IN 46074
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    State Road 38 Westfield, IN 46074
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.