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Property profile & analytics
OFF-MARKET
Land

614 Union St Westfield, IN 46074

0.54 ac lot
Property ID
Property summary
AI-generated overview

This exceptional .54-acre corner lot in Westfield, Indiana, presents a unique redevelopment opportunity. Located at 614 N Union Street, directly across from Westfield High School, this property benefits from its prime position within a rapidly growing downtown area. Currently zoned SF3, the lot offers significant potential for various development projects. The property's history as a former gas station is well-documented, with underground tanks having been filled and a completed environmental report readily available for review, ensuring a streamlined development process. The existing single-family residence is currently owner-occupied. The property's 0.54-acre size provides ample space for a variety of development plans, while its high-visibility corner location ensures maximum exposure. This is an exceptional chance to capitalize on Westfield's thriving community and burgeoning real estate market. The asking price is $689,000. Hamilton County location and 46074 zip code. Serious inquiries only.

Property profile
Verified
Property type Land
Lot 0.54 ac (23,522 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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