1416 Broad Street New Castle, IN $ 289,900
1416 Broad Street
$ 289,900
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1416 Broad Street

New Castle, IN, 47362
$ 289,900
Bedrooms-- Baths12.0 Sq 30,240

Monthly Estimate*

$ 1,809

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Commercial Property for sale in New Castle, IN

for $289,900 with 12 full baths. This 30,240 square foot building was built in 1900 on a lot size of 1.095.

Landmark Commercial Property at 1416 Broad Street – 40,000+ Sq Ft of Opportunity. Welcome to 1416 Broad Street, a grand commercial structure that has long stood as a cornerstone of the Newcastle community. Originally home to Sears and Robuck, this impressive building boasts over 40,000 square feet of space—of which 27,000 square feet is currently laid out for office use. This is a rare opportunity to own a truly iconic property in the heart of town. Directly across from the bustling 1400 Plaza—one of Newcastle’s most frequented community hubs—this location benefits from steady visibility and foot traffic. Recent updates to the structure and roof, along with a complete interior clean-out, have revealed the full scope and potential of the space. With its solid construction, elevators, generous square footage, and prime location, the possibilities are endless—ideal for office suites, retail redevelopment, co-working spaces, or a mixed-use conversion. Now offered at a newly reduced price, this property is positioned to attract even the most discerning investors and entrepreneurs. Whether you’re looking to restore a piece of Newcastle history or reimagine it for modern use, 1416 Broad Street offers the space, stature, and setting to bring your vision to life. Don’t miss out on this rare chance to revive and reinvent a true community landmark.

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Commercial Active

Price

$ 289,900

Full Bath

12

Property Type

Commercial

Taxes

$ 1,788

Style

Unknown

Lot Size

1.095

Year Built

1900

Town/City

New Castle

County/Region

Henry

MLS | Web ID

202336981

Features
General
Heating Gas
Cooling Central Air
Ceiling Height 9'4
Roof Rubber
Parking Yes Lot
Sewer City
# of Buildings 1
Status Active Active
Bathrooms 12
Year Built 1900
New Construction No
Subdivision None
Stories Count 4
Township Henry
Class COMMERCIAL
Type Other/Unknown
Age 125
Inside City Limits Yes
Special Features Freight Elevator Passenger Elevator Basement Display Room Display Window(s) Office Space Public Restrooms
REO No
Status Detail 0
Area Henry County
City New Castle
Legal Description ORIG PLAT E 23' LOT 6 & W 40' LOT 7 BLK 8 ORIG PLAT PT LOTS 7 & 8 BLK 8 ORIG PLAT E1/2 LOT 8 BLK 8 APPROXIMATELY .517 ACRES OF 1410 FLEMING ST NEW CASTLE IN 47362 ORIG PLAT LOTS 1 2 & 3 BLK 8 TO B
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202336981
Agent First Name Mike
Agent Last Name McKown
DOM 812
Tax Year 2023
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Exterior
Road Access City
Exterior Brick Stone
Lot Size Area 47698
Lot Dimensions 163 x 292
Parking Type lot
Waterfront Y/N No
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Interior
Flooring Carpet Concrete Vinyl Stone
Basement/Foundation Full Basement
Walls Block Drywall
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* Excluded Features
List By
Mike McKown

Listing Agent

F.C. Tucker/Crossroads Real Estate

Broker

mike.mckown@talktotucker.com

Email

Affordability Calculator

$1,958
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,809
Monthly Property Taxes
$149
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/16/2025$289,900 -3.33% Price Down
10/9/2023$299,900 Listed Price

Map


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1416 Broad Street, New Castle, IN, 47362 is a Commercial Property for sale at $289,900 with 30,240 sqft and a lot size of 1.095. 1416 Broad Street has 12.0 baths and was built in 1900. The property's zip code is 47362 which is in New Castle, IN