321 S Main Street New Castle, IN $ 825,000
321 S Main Street
$ 825,000
Recently Listed
Share Save

321 S Main Street

New Castle, IN, 47362
$ 825,000
Bedrooms-- Baths-- Sq 4,138

Monthly Estimate*

$ 5,080

321 S Main Street, New Castle, IN 47362 - Image 1
321 S Main Street, New Castle, IN 47362 - Image 2
321 S Main Street, New Castle, IN 47362 - Image 3
321 S Main Street, New Castle, IN 47362 - Image 4
321 S Main Street, New Castle, IN 47362 - Image 5
321 S Main Street, New Castle, IN 47362 - Image 6
321 S Main Street, New Castle, IN 47362 - Image 7
321 S Main Street, New Castle, IN 47362 - Image 8
321 S Main Street, New Castle, IN 47362 - Image 9
321 S Main Street, New Castle, IN 47362 - Image 10
321 S Main Street, New Castle, IN 47362 - Image 11
321 S Main Street, New Castle, IN 47362 - Image 12
321 S Main Street, New Castle, IN 47362 - Image 13
321 S Main Street, New Castle, IN 47362 - Image 14
321 S Main Street, New Castle, IN 47362 - Image 15
321 S Main Street, New Castle, IN 47362 - Image 16
321 S Main Street, New Castle, IN 47362 - Image 17
321 S Main Street, New Castle, IN 47362 - Image 18
321 S Main Street, New Castle, IN 47362 - Image 19
321 S Main Street, New Castle, IN 47362 - Image 20
321 S Main Street, New Castle, IN 47362 - Image 21
321 S Main Street, New Castle, IN 47362 - Image 22
321 S Main Street, New Castle, IN 47362 - Image 23
321 S Main Street, New Castle, IN 47362 - Image 24
321 S Main Street, New Castle, IN 47362 - Image 25
321 S Main Street, New Castle, IN 47362 - Image 26
321 S Main Street, New Castle, IN 47362 - Image 27
321 S Main Street, New Castle, IN 47362 - Image 28

Commercial Property for sale in New Castle, IN

for $825,000. 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 there's 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.

See more

Commercial Active

Price

$ 825,000

Property Type

Commercial

Taxes

$ 3,780

Style

Mixed Use

Lot Size

0.75

Year Built

1847

Town/City

New Castle

County/Region

Henry

MLS | Web ID

22091564

Features
General
Utilities Natural Gas Available
Possession Closing
Zoning offices
Year Built 1847
Stories Count 2
Township Henry
Property Subtype Mixed Use
Tax Year 2025
Current Use Vacant
County Henry
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City New Castle
High School District New Castle Community School Corp
MLS Area 3307 - Henry - Henry
Lot Size Square Feet 32583
Elementary School Parker Elementary School
Middle/Junior High School New Castle Middle School
Standard Status Active
Tax Lot 1-3
Legal Description Orig Plat Lots 1 2 & 3 Blk 19
See more
Exterior
Building Area Total 4138
Lot Size Acres 0.75
See more
* Excluded Features
List By
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4050923 Elementary School
4046396 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2026$825,000 Listed Price

Map


See all

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 was built in 1847. The property's zip code is 47362 which is in New Castle, IN