The Gateway at Lantern Commons

For Lease 29,096 SF

161st Street & Westfield Blvd, Westfield, IN 46074

Introducing The Gateway at Lantern Commons, Westfield’s next great dining and shopping destination. Strategically positioned at 161st Street and Union Boulevard, just off US 31, The Gateway will serve as a highly visible entrance to Downtown Westfield and a vibrant new destination for residents, employees and visitors. The Gateway represents Phase II of Lantern Commons, a high-density, master- planned PUD designed to create a dynamic mixed-use district combining residential, retail, restaurants, office and public gathering spaces in one of Westfield’s fastest-growing corridors. The Gateway will feature two four-story mixed-use buildings with upscale apartments above ground-floor restaurant and retail space, together with a highly visible 5,224 SF freestanding restaurant building.The Gateway Will Offer: · 102 luxury apartment residences · 29,142 SF of prime restaurant and retail space · Large outdoor patios · A prominent freestanding restaurant opportunity · High-profile visibility and convenient access from the 161st Street / US 31 corridor Designed around modern architecture, walkability and outdoor gathering spaces, The Gateway will create an energetic environment for restaurants, cafés, boutiques and specialty retailers while benefiting from the substantial built-in population generated by the larger Lantern Commons development.

Rental Details

  • Number of spaces 11
  • Total square feet available 29,096 SF
  • For Lease Price on request
  • Space Type Freestanding, Street Retail
  • Lease Type NNN
  • Latest Update Nov 3, 2026
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11 Spaces Available

5,200± SF Free Standing Restaurant

Space Type
Freestanding
Lease Rate
Price on request
Total Space
5,224 SF
Lease Type
NNN

Building A: 1,737 SF

Space Type
Street Retail
Lease Rate
Price on request
Total Space
1,737 SF
Lease Type
NNN

Building A: 1,850 SF

Space Type
Street Retail
Lease Rate
Price on request
Total Space
1,850 SF
Lease Type
NNN

Building A: 2,253 SF

Space Type
Street Retail
Lease Rate
Price on request
Total Space
2,253 SF
Lease Type
NNN

Building A: 2,567 SF End-cap

Space Type
Street Retail
Lease Rate
Price on request
Total Space
2,567 SF
Lease Type
NNN

Building A: 4,664 SF End-cap

Space Type
Street Retail
Lease Rate
Price on request
Total Space
4,664 SF
Lease Type
NNN

Building B: 1,259 SF

Space Type
Street Retail
Lease Rate
Price on request
Total Space
1,259 SF
Lease Type
NNN

Building B: 1,369 SF

Space Type
Street Retail
Lease Rate
Price on request
Total Space
1,369 SF
Lease Type
NNN

Building B: 1,592 SF

Space Type
Street Retail
Lease Rate
Price on request
Total Space
1,592 SF
Lease Type
NNN

Building B: 1,696 SF

Space Type
Street Retail
Lease Rate
Price on request
Total Space
1,696 SF
Lease Type
NNN

Building B: 4,885 SF End-cap

Space Type
Street Retail
Lease Rate
Price on request
Total Space
4,885 SF
Lease Type
NNN

Contacts

Gary Perel

ALO Property Group

Building Details

  • For Lease Price on request
  • Property Type Retail
  • Property Size 148,889 SF
  • Units 8
  • Lot Size 4.4 Acre
  • Additional Rent Price on request
  • Property Tenancy Multi-Tenant
  • Year Built 2027
  • Date Updated Nov 3, 2026

Location

  • City Westfield, IN
  • Neighborhood Woodside Estates
  • Zip Code 46074
  • Market Indianapolis
  • Walk score 9/100 Car-Dependent
  • Bike score 50/100 Bikeable
Powered by Walk Score ®

Points of Interest

BP

1.04 miles

Shell

1.09 miles

Speedway

1.38 miles

GetGo

1.51 miles

GetGo Café + Market

1.87 miles

Kroger Fuel

1.90 miles

Meijer

2.17 miles

Tesla Supercharger

3.73 miles

ChargePoint

4.60 miles

eVgo

7.59 miles

Clay Terrace Parking Area G

1.59 miles

Clay Terrace Parking Area A

1.61 miles

Clay Terrace Parking Area F

1.68 miles

Clay Terrace Parking Area B

1.75 miles

Clay Terrace Parking Area E

1.75 miles

Clay Terrace Parking Area C

1.85 miles

Clay Terrace Parking Area D

1.90 miles

Parking Garage

3.03 miles

Veterans Way Garage

3.75 miles

Dillon Park Parking

3.85 miles

Target

0.96 miles

Walmart Supercenter

1.14 miles

Village Park Plaza

1.48 miles

Kohl's

1.48 miles

ALDI

1.49 miles

The Fresh Market

1.53 miles

Whole Foods Market

1.64 miles

Kroger

1.75 miles

Fresh Thyme

1.84 miles

Meijer

2.20 miles

Listing Summary

  • Retail Space Available

    161st Street & Westfield Blvd has a total of 29,096 square feet of retail space for rent. Available lease types include NNN terms.
    This total retail space includes:

    • 23,872 square feet of Street Retail space across 10 spaces.
    • 1 Freestanding space, totaling 5,224 square feet.
  • Space Sizes
    • The property houses 11 retail spaces in the 1,000 to 10,000 square feet range, which can serve small or medium-sized retail businesses with growth potential.
Contact Gary Perel
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