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Property profile & analytics
OFF-MARKET
Retail space

228 Maple St Westfield, IN 46074

2,023 SF Built 1952
Property ID
US31-1248409
Property summary
AI-generated overview

This 2,023-square-foot storefront at 228 Maple St, Westfield, IN 46074, is offered at $775,000 ($383.09/sq ft). The property, built in 1952 and extensively renovated in 2022, sits on a 5,548-square-foot lot and is currently vacant. It's a single-story building with a single unit, operating under a NNN lease type. The property is occupant-owned and features a GB-Variance zoning permit, valid through 2026. Its ideal location in downtown Westfield places it adjacent to 24 Estridge townhomes and steps from the new Westfield Library, within the Grand Junction Plaza district near popular restaurants and the Midland Trail. The underlying zoning is MF1 (Multi-Family Low Density), but the current use is permitted under the variance. Potential buyers should verify permitted uses with the City of Westfield. The sale is as-is

Property profile
Verified
Property type Retail space
Year built 1952
Total area 2,023 SF
UPID US31-1248409
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
Current use
Occupant on record · Public records
  • The Modern Female Medical Clinic Skin Care Clinic
  • Amerifence General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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