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    15206 Westfield Blvd Carmel, IN 46032

    Sponsored
    For Sale
    Contact for pricing

    21.52 Acres, US 31 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 21.52-acre property boasts a prime location at the Northwest corner of US 31 and Westfield Boulevard in Carmel, Indiana, offering convenient access from both 156th Street and Westfield Boulevard. The land is zoned AG-SF1 (Agricultural/Single-Family 1), presenting versatile development opportunities. Its strategic position provides easy access to downtown Westfield via Union Street and places it within a short distance of the Monon Trail, a popular recreational asset. The property's proximity to US-31/Meridian Street, a major business corridor in the Indianapolis metro area, ensures high visibility and accessibility to a large consumer base. Nearby amenities include the vibrant retail and dining options of Village Park Plaza, Clay Terrace, and Cool Creek Commons. This significant land parcel presents a rare opportunity for investors seeking high-impact development in a thriving Carmel location. The property's size, zoning, and location combine to create a compelling investment prospect with substantial potential for future growth and return. The address is 15206 Westfield Blvd, Carmel, IN 46032, within Hamilton County. The lot size ranges from 1.53 to 21.52 acres. Ownership is held by Westtec Land Acquisition LLC.

    Property Features for 15206 Westfield Blvd

    General Information

    Property type
    Land
    Lot Size
    66,647 SF

    HighLights

    • 21.52‑acre land parcel in Carmel, Indiana, with a Carmel address.
    • Located at the Northwest corner of US 31 and Westfield Boulevard.
    • Frontage on US 31, with access from 156th Street and Westfield Boulevard.
    • Approximately 0.25 miles from the Monon Trail.
    • Zoned AG‑SF1: Agricultural/Single‑Family 1.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.129957003701
    Latitude
    40.01183090139

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    FAQs

    What type of property is this?
    Land - 21.52 Acres, US 31 Access
    Where is this land located?
    The property is located at 15206 Westfield Blvd Carmel, IN.
    What are key features of this property?
    This property features: 21.52-acre land parcel in Carmel, Indiana, with a Carmel address.; Located at the Northwest corner of US 31 and Westfield Boulevard.; Frontage on US 31, with access from 156th Street and Westfield Boulevard.
    (317) 775-0007
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    15206 Westfield Blvd Carmel, IN 46032
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    Carmel, IN 46032
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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
    15206 Westfield Blvd Carmel, IN 46032
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