321 S Main Street New Castle, IN $ 48,000
321 S Main Street
$ 48,000
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321 S Main Street

New Castle, IN, 47362
$ 48,000
Bedrooms-- Baths-- Sq 4,138
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Property for Rent in New Castle, IN

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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Rental Active

Price

$ 48,000

Taxes

$ 1,890

Style

Mixed Use

Lot Size

0.75

Year Built

1950

Town/City

New Castle

County/Region

Henry

MLS | Web ID

202643607

Features
General
Ceiling 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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Exterior
Road 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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Interior
Flooring Laminate
Basement/Foundation Full Basement Unfinished
Walls Other
Heating/Fuel Gas Forced Air
Total Restrooms 4
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* Excluded Features
List By
Krista Gibson

Listing Agent

Re/Max First Integrity

Broker

Krista.Gibson@remax.net

Email

Nearby
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/21/2026$48,000 Listed Price

Map


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321 S Main Street, New Castle, IN, 47362 is a Property for Rent at $48,000 with 4,138 sqft and a lot size of 0.75. 321 S Main Street was built in 1950. The property's zip code is 47362 which is in New Castle, IN