321 S Main Street
New Castle, IN, 47362 $ 48,000
Bedrooms-- Baths-- Sq 4,138 for $48,000. This 4,138 square foot property was built in 1950 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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FeaturesGeneralCeiling Height x
Parking Yes Lot
Sewer City
Cooling Central Air
# of Buildings 1
Status Active Active
New Construction No
Subdivision None
Stories Count 2
Township Henry
Class COMMERCIAL FOR LEASE
Age 76
Special Features Office Space
Status Detail 0
Area Henry County
Location City
Year Built 1950
City New Castle
Legal Description ORIG PLAT LOTS 1 2 & 3 BLK 19
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202643607
Agent First Name Krista
Agent Last Name Gibson
DOM 2
Tax Year 2026
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ExteriorRoad Access City
Exterior Brick
Number of Parking Spaces 20
Lot Dimensions 132X247
Lot Size Area 0.75
Parking Type lot
Fence Decorative
Water Features None
Waterfront Y/N No
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InteriorFlooring Laminate
Basement/Foundation Full Basement Unfinished
Walls Other
Heating/Fuel Gas Forced Air
Total Restrooms 4
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* Excluded FeaturesList ByKrista GibsonListing Agent
Re/Max First IntegrityBroker
Krista.Gibson@remax.netEmail
NearbyAbout New Castle, IN 17,439 Population
-7% Since 2002
$ 36,096 Median Income
40.2 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/21/2026 | $48,000 | | Listed Price |