0 David Brown Dr Westfield, IN 46074
This exceptional 23.14-acre commercial land parcel presents a prime development opportunity in Westfield, Indiana. Strategically located on the east side of US 31 and south of 169th Street, this property boasts approximately 950 feet of US 31 frontage and 600 feet of frontage on 169th Street, ensuring high visibility and accessibility. The site is zoned General Business-PD, allowing for flexible development options. With an impressive Annual Average Daily Traffic (AADT) of 61,737 vehicles, this location offers unparalleled exposure for businesses. The new Westfield Boulevard Connector provides direct access from State Road 32, enhancing connectivity. All utilities are available on-site. This high-growth area is just one mile from Grand Park, Grand Junction Plaza, and numerous big-box retailers including Meijer, Market District, Walmart, Target, Kohl's, Hobby Lobby, and Kroger, as well as a variety of restaurants and retail establishments. The surrounding area boasts over 81,000 homes within a 5-mile radius, with an average household annual income exceeding $102,954, indicating a strong and affluent consumer base. This property is adjacent to a car dealership to the west and multi-family housing to the east, creating a diverse and thriving neighborhood. The potential for high investment return makes this a truly exceptional opportunity.
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.