0 Tournament Trl Westfield, IN 46074
This exceptional 1.54-acre commercial outlot in Westfield, Indiana, presents a unique investment opportunity. Located within the thriving Gristmill Crossing development (Block 7), this shovel-ready site boasts a prime location at the highly visible intersection of State Highway 32 and Ditch Road, offering unparalleled access and visibility. The property benefits from excellent road infrastructure, including easy access to US 31 expressway, ensuring high vehicular and pedestrian traffic. Zoned for General Business use, utilities are conveniently located along Tournament Trail. A significant advantage is the availability of off-site master detention, eliminating the need for costly on-site detention systems. This last remaining outlot in a 74-acre development sits within a rapidly expanding area, experiencing substantial residential growth with 1,094 new single-family home starts in 2022 alone and 4,176 over the past four years. The surrounding area features top-rated schools, Grand Park Sports Campus, Chatham Hills Pete Dye Golf Course, Grand Junction Plaza, and a growing culinary scene, creating a strong demographic profile with high average and median incomes and above-average education levels. The asking price is $924,000, and the APN is 08-05-33-00-00-012.101. This property is ideal for a variety of uses, including bank, daycare, or quick-service restaurant. Don't miss this chance to capitalize on Westfield's booming growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.