321 S Main Street New Castle, IN $ 825,000
321 S Main Street
$ 825,000
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321 S Main Street

New Castle, IN, 47362
$ 825,000
Bedrooms-- Baths4.0 Sq 4,138

Monthly Estimate*

$ 5,080

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Commercial Property for sale in New Castle, IN

for $825,000 with 4 full baths. This 4,138 square foot building was built in 1847 on a lot size of 0.75.

Historic presence, bold scale, and the kind of opportunity that rarely comes along, this standout New Castle property delivers it all. Built in 1847 by Mason Livezey for the Eli Murphy family, this two-story structure offers over 4,100 square feet and sits on a hard to find 0.75 acre lot right in the heart of town. From the moment you arrive, the architectural character makes an impression-timeless, substantial, and ready for its next chapter. The heavy lifting has already been done, giving you a strong head start. All five chimneys have been completely rebuilt, a new roof with slate look shingles adds both durability and style, and fresh interior and exterior paint create a clean, refreshed feel throughout. New flooring has been installed, along with new shutters and soffit, while the columns have been reworked to ensure long-term structural integrity, preserving the look while strengthening the foundation for what comes next. And then theres the feature that truly sets this property apart, its dedicated parking lot. In a downtown setting where parking is often limited, this is a rare and valuable asset that adds everyday convenience and long-term appeal. With its size, history, and extensive updates already in place, this property offers the kind of flexibility and presence that invites creativity. Whether you're envisioning a residential restoration, a business venture, or a blend of both, this is a space with stories behind it, and plenty more waiting to be written.

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Commercial Active

Price

$ 825,000

Full Bath

4

Property Type

Commercial

Taxes

$ 3,781

Style

Mixed Use

Lot Size

0.75

Year Built

1847

Town/City

New Castle

County/Region

Henry

MLS | Web ID

202610186

Features
General
Heating Gas Forced Air
Cooling Wall AC
Ceiling Height x
Roof Shingle
Parking Yes Lot
Sewer City
# of Buildings 1
Status Active Active
Bathrooms 4
Year Built 1847
New Construction No
Subdivision None
Stories Count 2
Township Henry
Class COMMERCIAL
Present Use Investment Property
Type Mixed Use
Age 179
Special Features 220 Volts Basement Delivery Door
REO No
Status Detail 0
Area Henry County
Location City
City New Castle
Legal Description ORIG PLAT LOTS 1 2 & 3 BLK 19
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202610186
Agent First Name Krista
Agent Last Name Gibson
DOM 1
Tax Year 2026
Restrictions None
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Exterior
Road Access City
Exterior Brick
Driveway Asphalt
Number of Parking Spaces 20
Lot Size Area 32583
Lot Dimensions 132X247
Parking Type lot
Fence Metal
Water Features None
Waterfront Y/N No
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Interior
Flooring Laminate Vinyl
Basement/Foundation Crawl Partial Basement
Walls 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

$5,395
Per Month
94%
6%
0%
Monthly Principal & Interest
$5,080
Monthly Property Taxes
$315
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$825,000 Listed Price

Map


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321 S Main Street, New Castle, IN, 47362 is a Commercial Property for sale at $825,000 with 4,138 sqft and a lot size of 0.75. 321 S Main Street has 4.0 baths and was built in 1847. The property's zip code is 47362 which is in New Castle, IN