916 Westfield Blvd Indianapolis, IN 46220-1794
This three-story, Class B office building at 916 E Westfield Blvd, Indianapolis, IN 46220, offers 9,703 square feet of versatile space ideal for executive, creative, or traditional office uses. Built in 2007 and renovated in 2022, the property features seven suites, with a minimum divisible space of 345 square feet and a maximum contiguous space of 2,526 square feet. Currently, 2,871 square feet are vacant, offering excellent opportunities for businesses of various sizes. The building boasts nine parking spaces and an elevator for convenient access to all three floors. Its strategic location in the heart of Broad Ripple, adjacent to the Monon Trail and Canal Tow Path, provides exceptional visibility and accessibility. Nearby amenities include popular restaurants and cafes such as The Red Room, Monon Coffee, Starbucks, Canal Bistro, and 317 Burger, ensuring a vibrant and convenient environment for tenants and their employees. The property's C4 zoning allows for a variety of commercial uses. With over 1,100 apartments and condos within a half-mile radius, the building benefits from a high concentration of potential clientele and employees. This property presents a unique opportunity to establish a presence in one of Indianapolis's most desirable and thriving neighborhoods.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Indianapolis, INIndianapolis. Always verify with local authorities before improvements.
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.