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State Road 32 - Springmill Trails

19.35 Acres of Commercial Land Offered at £5,474,769 in Westfield, IN 46074

Executive Summary

19.35 acres zoned business. For sale as development opportunity, or seller is willing to develop for sale of individual lots.

Property Facts

Price £5,474,769
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Design & Build
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 19.35 AC
Cross Streets Ditch Road

1 Lot Available

Lot

Price £5,474,769
Price Per AC £282,934
Lot Size 19.35 AC

Description

Prime Commercial Node: 19-acre commercial property located in heart of high-growth residential area in Westfield; outparcels and second tier lots contemplated. Excellent Road Infrastructure: State Highway 32 is a major east-west 4 lane highway; easy access to US 31 expressway; Ditch Road is a north-south arterial with on-going improvements. Convenient Connectivity: High-profile signaled intersection of State Highway 32 and Ditch Road; high vehicular and pedestrian accessibility. Zoning and Utilities: Already approved and utilities at property’s boundaries. High-Growth Area: 1,382 new single family home starts in 2021; 3,868 new single family home starts over last 4 years. Excellent Demographics: High average and median incomes and above average education attainment. Amenities: Top-rated public schools; close proximity to the Grand Park Sports Campus, Chatham Hills Pete Dye Golf Course, and Grand Junction Plaza; growing foodie presence in the community.

zoning

Zoning Code PUD District (Springmill Trails PUD District - Market Center District (Business))
PUD District (Springmill Trails PUD District - Market Center District (Business))
  • Listing ID: 28002546

  • Date on Market: 17/03/2023

  • Last Updated:

  • Address: State Road 32, Westfield, IN 46074

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