0 State Road 38 Westfield, IN 46074
This exceptional 45.44-acre commercial land parcel presents a remarkable investment opportunity in Westfield, Indiana. Strategically located at the southeast corner of US 31 and State Road 38, this property enjoys unparalleled visibility and accessibility. Currently zoned AG-SF1, it aligns perfectly with Westfield's master plan designating this area for "Regional Commercial" development. The site's potential is amplified by its proximity to established businesses and affluent residential areas, indicating a strong path of growth for mixed-use development. Utilities are readily available near the site, simplifying infrastructure integration. The lot size ranges from 30 to 45.44 acres, offering flexibility for various development scales. The asking price is $5,175,000, with a price per acre ranging from $115,000 to $172,500, reflecting the prime location and development potential. This property is ideally suited for a wide range of commercial ventures, capitalizing on the area's robust economic growth and strategic location. Don't miss this chance to acquire a premier commercial land holding in a thriving Indiana community. The address is 0 East State Road 38, Westfield, IN 46074.
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.