631 In-32Westfield, IN 46074

For Sale
$6,600,000

Prime Retail Center, High-Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional Class A shopping center, the Shoppes at Oak Ridge, presents a lucrative investment opportunity. Located at 631 IN-32 in Westfield, Indiana, within Hamilton County, this single-story, 2019-built property boasts 13,350 square feet of net rentable space across six units. Situated on a 2.25-acre lot, the center enjoys excellent visibility and accessibility, benefiting from strong traffic counts in a core retail market. The asking price is $6,600,000, translating to $494.38 per square foot. Tenants are responsible for maintenance, taxes, insurance, and an administrative fee. This property is ideally positioned in Westfield, IN, one of Indiana's fastest-growing communities, further enhanced by the construction of 438 adjacent apartment units, promising increased foot traffic and consumer base. The property's strategic location and modern construction make it an attractive investment for discerning buyers seeking a high-return retail asset in a thriving market. This is a for sale by owner opportunity.

Highlights

  • Class A, 13,350 SF shopping center in Westfield, IN.
  • Located at 631 IN-32, Hamilton County.
  • Single-story, 2019 construction on a 2.25-acre lot.
  • Six units, $6,600,000 asking price ($494.38/SF).
  • NNN lease structure; strong traffic counts in a high-growth area with new adjacent apartments.

Property Details for 631 In-32

Property type
Lifestyle centers, Power centers
Square Feet
13,350 SF
Class
A
Year Built
2019
Buildings
1
Stories
1
Lot Size (sq. ft)
98,010 SF
Units
6

Location Insight

City
Westfield
County
Hamilton
State
Indiana
Latitude
40.042606531549
Longitude
-86.147782767721
631 In-32, Westfield, Indiana

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631 In-32
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