306 Park St Westfield, IN 46074
For Sale
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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.
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Neal Construction Inc Construction Company General Contractor
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.