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    916 Westfield Blvd Indianapolis, IN 46220

    Sponsored
    For Lease
    $22 SF/Yr ($17,788 /Mo)

    Prime Broad Ripple location, multiple suites.

    Lot size:
    9,703 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This three-story, Class B office building at 916 E Westfield Blvd, Indianapolis, IN 46220, offers 9,703 square feet of versatile space ideal for executive, creative, or traditional office uses. Built in 2007 and renovated in 2022, the property features seven suites, with a minimum divisible space of 345 square feet and a maximum contiguous space of 2,526 square feet. Currently, 2,871 square feet are vacant, offering excellent opportunities for businesses of various sizes. The building boasts nine parking spaces and an elevator for convenient access to all three floors. Its strategic location in the heart of Broad Ripple, adjacent to the Monon Trail and Canal Tow Path, provides exceptional visibility and accessibility. Nearby amenities include popular restaurants and cafes such as The Red Room, Monon Coffee, Starbucks, Canal Bistro, and 317 Burger, ensuring a vibrant and convenient environment for tenants and their employees. The property's C4 zoning allows for a variety of commercial uses. With over 1,100 apartments and condos within a half-mile radius, the building benefits from a high concentration of potential clientele and employees. This property presents a unique opportunity to establish a presence in one of Indianapolis's most desirable and thriving neighborhoods.

    Property Features for 916 Westfield Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,703 SF
    Class
    B
    Total Rate
    17788.83

    Building Details

    Year Built/Renovated
    2007/2022
    Stories
    3

    Unit(s) available at that property

    Space
    STE 120
    Size
    1,503 SF
    Space
    Space 110
    Size
    1,023 SF
    Space
    Available Space 4
    Size
    2,526 SF
    Space
    STE 250
    Size
    345 SF
    Space
    STE 240
    Size
    1,045 SF
    Rate per SF
    $22

    HighLights

    • 9,703 SF Class B office building in Indianapolis, IN.
    • Seven suites available, ranging from 345 SF to 2,526 SF contiguous; 2,871 SF currently vacant.
    • Built in 2007, renovated in 2022, with elevator and nine parking spaces.
    • Excellent Broad Ripple location near Monon Trail and Canal Walk, with abundant nearby amenities.
    • C4 zoning; high density of residential units within a half‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Indianapolis Demolition Company Demolition Contractor Brothers Digital Solutions Website Designer Albertson’s Mortuary Funeral Home Bionic Cat Apple ... Computer Consultant Morgan Matters Photography Photographer

    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
    -86.14235572
    Latitude
    39.87070376

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    FAQs

    What type of property is this?
    Restaurant - Prime Broad Ripple location, multiple suites.
    Where is this restaurant located?
    The property is located at 916 Westfield Blvd Indianapolis, IN.
    What is the lease rate?
    The lease rate is $0.00-$22 SF/Yr.
    What are key features of this property?
    This property features: 9,703 SF Class B office building in Indianapolis, IN.; Seven suites available, ranging from 345 SF to 2,526 SF contiguous; 2,871 SF currently vacant.; Built in 2007, renovated in 2022, with elevator and nine parking spaces.
    Request Owner's contact information
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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
    916 Westfield Blvd Indianapolis, IN 46220
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