Unlock the potential of 511 E Main Street, a strategically positioned property with direct frontage along Indiana State Road 32 (E Main Street). Offering excellent visibility, convenient access, and a location just minutes from downtown Westfield, this property presents an opportunity for an investor, developer, or entrepreneur looking to establish a presence along one of the area's established corridors. Currently zoned LB-H (Local Business - Historical District), the property offers potential for neighborhood-scale commercial, professional office, or mixed-use concepts, subject to zoning, permitting, and applicable historical district requirements. Its prominent location and proximity to Westfield's continued residential and commercial growth make it a property worth exploring for those with a long-term investment or redevelopment strategy. Important Development Consideration: The property is located within a designated floodway and will require appropriate floodway mitigation and regulatory approvals prior to any new construction or development. Buyers should conduct their own due diligence regarding floodplain/floodway requirements, engineering, permitting, costs, timelines, and overall development feasibility.
Active
$200,000
511 E Main St, Westfield, IN 46074
--beds
--baths
0.4Acres
Unimproved Land, Residential Lots
Built in ----
0.4 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Prominent location
- 173 days
- 266
- 17
Zillow last checked:
Listing updated:
Listed by:
Miranda Schubert miranda@coopergroupindy.com,
Weichert REALTORS® Cooper Group Indy,
Brittany Stearman 317-979-1699,
Weichert REALTORS® Cooper Group Indy
Source: MIBOR as distributed by MLS GRID,MLS#: 22096655
Facts & features
Interior
Video & virtual tour
Property
Features
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.4 Acres
- Features: Access, Not In Subdivision, Mature Trees, Zoned, Creek On Property, Rectangle
- Topography: Fill Needed,Flood Plain
Details
- Additional structures: Tenant House, Shed(s), Barn(s)
- Parcel number: 291006103003000015
- Zoning: LB-H
- Zoning description: Historic
- Special conditions: Flood Plain,Historic District
- Horse amenities: None
Utilities & green energy
- Water: Municipal Water on Site
Community & HOA
Community
- Subdivision: No Subdivision
Location
- Region: Westfield
Financial & listing details
- Tax assessed value: $75,800
- Annual tax amount: $372
- Date on market: 4/20/2026
- Cumulative days on market: 149 days
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Price change | $200,000+100% |
Source: | ||
| 5/11/2026 | Price change | $100,000-60% |
Source: | ||
| 4/20/2026 | Listed for sale | $250,000+4364.3% |
Source: | ||
| 2/23/2017 | Sold | $5,600 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $275 -10.9% | $75,800 +60.3% |
| 2024 | $309 +1.1% | $47,300 +3.3% |
| 2023 | $305 -1.3% | $45,800 +4.3% |
| 2022 | $309 +8% | $43,900 +5% |
| 2021 | $287 +23.9% | $41,800 -2.8% |
| 2020 | $231 -70.2% | $43,000 +30.3% |
| 2019 | $777 +10% | $33,000 +2.5% |
| 2018 | $706 -48.2% | $32,200 -48.3% |
| 2017 | $1,363 +2% | $62,300 +2% |
| 2016 | $1,336 +1.8% | $61,100 +4.3% |
| 2014 | $1,312 +2.1% | $58,600 -17.6% |
| 2013 | $1,285 -20.8% | $71,100 -1.9% |
| 2011 | $1,624 +0% | $72,500 |
| 2010 | $1,623 +5.9% | $72,500 -5.1% |
| 2009 | $1,532 | $76,400 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 46074
Nearby schools
Schools provided by the listing agent
- Middle: Westfield Middle School
- High: Westfield High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.



