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1214 Broad Street New Castle, IN $ 575,000
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$ 575,000 Get more info
1214 Broad Street
$ 575,000
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1214 Broad Street

New Castle, IN, 47362
$ 575,000
Bedrooms-- Baths-- Sq 11,628

Monthly Estimate*

$ 3,971

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Commercial Property for sale in New Castle, IN

for $575,000. This 11,628 square foot building was built in 1900 on a lot size of 0.4.

Downtown New Castle opportunity with a major advantage: 1214 Broad Street is NOW OFFERED WITH AN EXISTING LIQUOR LICENSE, subject to Indiana Alcohol & Tobacco Commission approval and transfer requirements. Formerly Town Tavern, the main level retains its original bar and offers a strong start for a restaurant, bar, entertainment, or other qualifying hospitality concept. Improvements include a new roof, first-floor HVAC, updated storefront windows, and exterior doors. The attached parking lot adds convenience in the downtown corridor, while unfinished second and third floors create additional redevelopment potential, subject to zoning and approvals. For an entrepreneur seeking a recognizable location with existing bar infrastructure and an alcohol permit opportunity, this property stands apart!

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Commercial Active

Price

$ 575,000

Property Type

Commercial

Taxes

$ 3,368

Style

Mixed Use

Lot Size

0.4

Year Built

1900

Town/City

New Castle

County/Region

Henry

MLS | Web ID

22091600
Features
General
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Closing
Zoning Mixed use
Year Built 1900
Stories Count 3
Township Henry
Property Subtype Mixed Use
Tax Year 2026
Current Use Vacant
County Henry
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
High School New Castle High School
City New Castle
High School District New Castle Community School Corp
MLS Area 3307 - Henry - Henry
Lot Size Square Feet 17206
Elementary School Parker Elementary School
Current Financing Conventional
Middle/Junior High School New Castle Middle School
Standard Status Active
Tax Lot 6 7
Legal Description Orig Plat Lot 6 & W 20' Lot 7 Blk 6
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Exterior
Building Area Total 11628
Lot Size Acres 0.4
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* Excluded Features
List By
Re/Max First Integrity

Broker

krista.gibson@remax.net

Email

Affordability Calculator

$4,252
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,971
Monthly Property Taxes
$281
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4050923 Elementary School
4046396 Middle School
New Castle High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/1/2026$575,000 -14.81% Price Down
5/29/2026$675,000 -12.90% Price Down
3/26/2026$775,000 Listed Price

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1214 Broad Street, New Castle, IN, 47362 is a Commercial Property for sale at $575,000 with 11,628 sqft and a lot size of 0.4. 1214 Broad Street was built in 1900. The property's zip code is 47362 which is in New Castle, IN

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