Westfield Mixed-Use Development
For Lease
Contact for pricing
Park St & Westfield Blvd Westfield IN 46074 USA, Westfield, IN 46074
64-acre mixed-use development with retail, residential, medical, and hospitality components.
Space SizeContact for details
Days on Market280
Property Features for Park St & Westfield Blvd Westfield IN 46074 USA
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE | Indianapolis
(317) 518-6257
Listed By:
Diana Zagarzhevskiy · License #RB20001523
(317) 518-6257
Source:
Cbre
Added: Nov 22, 2025
Changed: Aug 14
Last Checked: Aug 29 at 7:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Indianapolis
Investment Insights
Based on property information with market context.
Located at the corner of U.S. 31 and Park Street in Westfield, Indiana, this project spans approximately 64 acres, stretching from Park Street to 169th Street east of U.S. 31. The site borders Poplar Street, which is being reconfigured as Westfield Boulevard, connecting multiple new neighborhoods and development zones. The development includes high-density housing with up to 250 units in mixed-use zones and up to 500 units in multifamily zones. A 45,000 sq ft public library is planned at Park Street and Westfield Boulevard. A 60,000–100,000 sq ft medical office building, including an ambulatory surgery center offering services such as cardiology, OB/GYN, wound care, hyperbaric therapy, and specialty care, is located across the street. Up to 450 hotel rooms, including full-service and limited-service options, are planned. Multiple parking structures will support the library, medical buildings, hotels, and residents. The city has secured redevelopment incentives and is coordinating infrastructure upgrades, demolition, and utility build-outs. Retail in Building A (north) may open in Q4 2027, retail in Building A (south) may open in Q4 2027, and retail in Building B may open in Q2 2028.
Key Highlights
- High‑density housing development potential with up to 750 units.
- Prime location at the corner of U.S. 31 and Park Street in Westfield, Indiana, spanning approximately 64 acres.
- Proximity to a new 45,000 sq ft public library and a 60,000–100,000 sq ft medical office building.
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46074, IN
42,598
Population
17,118
Households
2.5
Avg Household Size
36
Median Age
61%
College-Educated
97%
High-School Grad
36.4 sq mi
ZIP Area
1,170
Density / Sq Mi
$123,580
Median Household Income
$60,250
Median Earnings
$1,550
Median Rent
$400,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - 64-acre mixed-use development with retail, residential, medical, and hospitality components.
Where is this shopping center located?
The property is located at Park St & Westfield Blvd Westfield IN 46074 USA Westfield, IN.
What are key features of this property?
This property features: High‑density housing development potential with **up to 750 units**.; Prime location at the corner of U.S. 31 and Park Street in Westfield, Indiana, spanning approximately 64 acres.; Proximity to a new 45,000 sq ft public library and a 60,000–100,000 sq ft medical office building.
