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Property profile & analytics
FOR SALE
Office Units

306 Park St Westfield, IN 46074

1,427 SF Built 1950
Property ID
US31-0085680
Property summary
AI-generated overview

This exceptional mixed-use property, located at 306 Park St in Westfield, Indiana, presents a unique investment opportunity. The 1,427 square foot building, built in 1950, is currently 100% occupied as a creative office space and is listed at $1,590,000 ($1,114.23/sq ft). Situated on a substantial 27,878 square foot lot, this property offers significant potential for expansion or redevelopment. Its prime location within Westfield's Grand Junction Development provides unparalleled access to the vibrant community amenities and the extensive trail system. The proximity to Grand Park further enhances its appeal, placing it at the heart of a thriving area with high foot traffic and visibility. The property's versatility makes it suitable for a variety of uses, including restaurants, additional office space, medical facilities, or as a key component of a larger development project. This is a rare opportunity to acquire a significant property in a rapidly growing area of Hamilton County, Indiana, with a strong existing tenant base and immense future potential. The zip code is 46074.

Property profile
Verified
Property type Office Units
Year built 1950
Total area 1,427 SF
UPID US31-0085680
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
  • Neal Construction Inc Construction Company General Contractor
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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More about this property
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