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    161St St Westfield, IN 46074

    For Sale
    Contact for pricing

    54.3 Acres, Prime Hamilton County Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 54.3-acre commercial land parcel presents an unparalleled development opportunity in Westfield, Indiana. Located at the northeast corner of the new interchange of US 31 and 161st Street, and featuring a new roundabout at 161st and Union Street, this pad-ready site boasts unmatched visibility and accessibility. The property enjoys exposure to over 60,000 vehicles daily, placing your development at the gateway to Westfield's burgeoning downtown area. Situated just south of a new corporate headquarters, this location is nestled amongst Hamilton County's densest retail corridors and surrounded by affluent residential communities. Approved as a Planned Unit Development (PUD), this site is ideal for a mixed-use development, capitalizing on the high-profile location and significant traffic flow. The property's strategic position ensures maximum exposure and accessibility for any commercial venture. This is a rare opportunity to become part of a high-profile, rapidly growing area, offering significant potential for long-term investment and return. The address is N. Meridian St. and 161st St., Westfield, IN 46074, within Hamilton County. This prime location offers a unique blend of high visibility, convenient access, and proximity to thriving residential and commercial areas. Don't miss this chance to secure a prominent position in one of Hamilton County's most sought-after development areas.

    Property Features for 0 161St St

    General Information

    Property type
    Land
    Lot Size
    2,365,308 SF

    HighLights

    • 54.3‑acre commercial land parcel in Westfield, IN, offering unmatched development potential.
    • Located directly south of a new corporate headquarters.
    • Situated at the northeast corner of the US 31 and 161st Street interchange, with a new roundabout at 161st and Union Street.
    • High visibility location with over 60,000 vehicles per day.
    • Prime location within Hamilton County's dense retail corridors, near Westfield's growing downtown and affluent residential areas; approved PUD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Westfield
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1955169
    Latitude
    40.0215499

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    FAQs

    What type of property is this?
    Land - 54.3 Acres, Prime Hamilton County Location
    Where is this land located?
    The property is located at 161St St Westfield, IN.
    What are key features of this property?
    This property features: 54.3-acre commercial land parcel in Westfield, IN, offering unmatched development potential.; Located directly south of a new corporate headquarters.; Situated at the northeast corner of the US 31 and 161st Street interchange, with a new roundabout at 161st and Union Street.
    (317) 853-7500
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    161St St Westfield, IN 46074
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    Westfield, IN 46074
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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
    161St St Westfield, IN 46074
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