0 161St St Westfield, IN 46074
This exceptional 54.3-acre commercial land parcel presents an unparalleled development opportunity in Westfield, Indiana. Located at the northeast corner of the new interchange of US 31 and 161st Street, and featuring a new roundabout at 161st and Union Street, this pad-ready site boasts unmatched visibility and accessibility. The property enjoys exposure to over 60,000 vehicles daily, placing your development at the gateway to Westfield's burgeoning downtown area. Situated just south of a new corporate headquarters, this location is nestled amongst Hamilton County's densest retail corridors and surrounded by affluent residential communities. Approved as a Planned Unit Development (PUD), this site is ideal for a mixed-use development, capitalizing on the high-profile location and significant traffic flow. The property's strategic position ensures maximum exposure and accessibility for any commercial venture. This is a rare opportunity to become part of a high-profile, rapidly growing area, offering significant potential for long-term investment and return. The address is N. Meridian St. and 161st St., Westfield, IN 46074, within Hamilton County. This prime location offers a unique blend of high visibility, convenient access, and proximity to thriving residential and commercial areas. Don't miss this chance to secure a prominent position in one of Hamilton County's most sought-after development areas.
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.
Costs & Benchmarks
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.