916 Westfield BlvdIndianapolis, IN 46220

Property Details for 916 Westfield Blvd

Year built

2007

Construction

TYPE NOT SPECIFIED

Lot size

0.20 AC

Property size (Sq ft)

10,862 SF

Zone code

ZO01

Property type

Office properties

Property subtype

Other office properties

APN

49-03-36-101-008.000-801

APU

490336101008000801

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,413,090

  6.5%

  $1,304,391

  7%

  $1,211,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,025,047

  Geo Method

  $1,025,047

• Alternative Use

  Use

  Valuation

  Residential

  $1,617,445

  Hospitality

  $1,481,571

  Educational

  $1,232,650

  Medical

  $1,275,042

  Retail

  $1,917,455

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.871

Longitude

-86.1424

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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