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    8520 Westfield Blvd Indianapolis, IN 46240

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    For Sale
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    Prime Indy location, 0.65 acres, C-4 zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.65-acre retail outlot, located at 8520 Westfield Blvd in Indianapolis, Indiana (zip code 46240), presents a unique ground lease opportunity. Situated in a high-traffic area of Marion County, this property boasts C-4 zoning, allowing for flexible use and catering to a variety of retail, restaurant, or service-oriented businesses. The site benefits from its strategic location within a thriving retail corridor, surrounded by established national brands such as Whole Foods, West Elm, Starbucks, Taco Bell, Chipotle, and Kroger. This ensures high visibility and accessibility, attracting a substantial customer base. The property's convenient access to major roadways and ample parking further enhances its appeal. This is an ideal opportunity for businesses seeking maximum exposure and a presence in a dynamic, high-demand market. The outlot's prime location and flexible zoning make it an exceptional investment for long-term growth and success. Don't miss this chance to secure a premium location in one of Indianapolis' most desirable retail areas.

    Property Features for 8520 Westfield Blvd

    General Information

    Property type
    Individual retail properties
    Lot Size
    28,314 SF

    HighLights

    • 0.65‑acre prime retail outlot.
    • C‑4 zoning allows flexible use.
    • High‑traffic location in a desirable retail corridor.
    • Excellent co‑tenancy with national brands including Whole Foods, West Elm, Starbucks, Taco Bell, Chipotle, and Kroger.
    • Ideal for retail, restaurant, or service businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.13439653
    Latitude
    39.91173853

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    FAQs

    What type of property is this?
    Individual retail property - Prime Indy location, 0.65 acres, C-4 zoning
    Where is this individual retail property located?
    The property is located at 8520 Westfield Blvd Indianapolis, IN.
    What are key features of this property?
    This property features: 0.65-acre prime retail outlot.; C-4 zoning allows flexible use.; High-traffic location in a desirable retail corridor.
    Request Owner's contact information
    8520 Westfield Blvd Indianapolis, IN 46240
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    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
    8520 Westfield Blvd Indianapolis, IN 46240
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