1214 Broad Street New Castle, IN $ 775,000
1214 Broad Street
$ 775,000
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1214 Broad Street

New Castle, IN, 47362
$ 775,000
Bedrooms-- Baths3.0 Sq 11,628

Monthly Estimate*

$ 4,772

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Commercial Property for sale in New Castle, IN

for $775,000 with 3 full baths. This 11,628 square foot building was built in 1900 on a lot size of 0.4.

Step into a true transformation opportunity at 1214 Broad Street, planted right in the center of downtown New Castle, where every great revitalization story begins. This former Town Tavern space delivers instant character with its original bar anchoring the main level, creating a natural focal point for a reimagined hospitality concept, retail experience, or hybrid venue. Behind the scenes, the heavy lifting has already started with a new roof, new first-floor HVAC system, and updated storefront windows and exterior doors, giving you a strong foundation to build on. What truly sets this property apart is its attached parking lot - an uncommon advantage in this downtown corridor that adds both function and long-term value. Upstairs, the second and third floors offer unfinished space ready for a complete design vision - think loft-style residences, studio spaces, or income-producing units layered above your main-level concept. This is more than a property, its a canvas with structure, story, and location already in place. For those with an eye for design and a plan for execution, 1214 Broad Street is ready to be taken from raw potential to a standout destination.

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Commercial Active

Price

$ 775,000

Full Bath

3

Property Type

Commercial

Taxes

$ 3,368

Style

Restaurant/Bar

Lot Size

0.4

Year Built

1900

Town/City

New Castle

County/Region

Henry

MLS | Web ID

202610183

Features
General
Heating Gas Forced Air
Cooling Central Air
Ceiling Height x
Roof Flat
Parking Yes Lot Street
Sewer City
# of Buildings 1
Status Active Active
Bathrooms 3
Year Built 1900
New Construction No
Subdivision None
Stories Count 3
Township Henry
Class COMMERCIAL
Present Use Vacant-Best for Owner/Usr
Type Restaurant/Bar
Age 126
Special Features 220 Volts Basement Display Window(s)
REO No
Status Detail 0
Area Henry County
Location City
City New Castle
Legal Description ORIG PLAT LOT 6 & W 20' LOT 7 BLK 6
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202610183
Agent First Name Krista
Agent Last Name Gibson
DOM 12
Tax Year 2025
Restrictions None
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Exterior
Road Access City
Exterior Brick
Driveway Asphalt
Number of Parking Spaces 20
Lot Size Area 17206
Lot Dimensions 101X167
Parking Type lot
Fence None
Water Features None
Waterfront Y/N No
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Interior
Flooring Concrete Wood
Basement/Foundation Full Basement Unfinished
Walls Unfinished Other
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* Excluded Features
List By
Krista Gibson

Listing Agent

Re/Max First Integrity

Broker

Krista.Gibson@remax.net

Email

Affordability Calculator

$5,052
Per Month
94%
6%
0%
Monthly Principal & Interest
$4,772
Monthly Property Taxes
$281
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2026$775,000 Listed Price

Map


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1214 Broad Street, New Castle, IN, 47362 is a Commercial Property for sale at $775,000 with 11,628 sqft and a lot size of 0.4. 1214 Broad Street has 3.0 baths and was built in 1900. The property's zip code is 47362 which is in New Castle, IN