221 N Memorial Drive New Castle, IN $ 2,600,000
221 N Memorial Drive
$ 2,600,000
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221 N Memorial Drive

New Castle, IN, 47362
$ 2,600,000
Bedrooms-- Baths5.0 Sq 17,250

Monthly Estimate*

$ 17,958

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Commercial Property for sale in New Castle, IN

for $2,600,000 with 5 full baths. This 17,250 square foot building was built in 1947 on a lot size of 9.79.

PRIME COMMERCIAL OPPORTUNITY NEARLY 10 ACRES IN A HIGH-VISIBILITY NEW CASTLE LOCATION! Exceptional opportunity to acquire approximately 9.78 acres of commercially zoned property near the heavily traveled intersection of State Roads 3 and 38 in New Castle, Indiana. This versatile property features an approximately 17,250-square-foot block building, offering expansive open interior space, designated office areas, and flexibility to accommodate a wide range of commercial uses. Currently operating as a gymnastics training facility, the building offers an adaptable layout with four existing overhead doors and the potential for additional overhead door installations. The property also features approximately 120 parking spaces, providing substantial on-site parking for customers, employees, or business operations. Zoned C-2, this property presents opportunities for commercial redevelopment, retail, recreational facilities, professional services, showroom space, or other business ventures, subject to applicable zoning and approvals. The generous acreage, substantial building footprint, extensive parking, and strategic location along New Castle's primary commercial corridor make this an attractive opportunity for investors, developers, and owner-users alike. Whether repurposing the existing building, expanding commercial operations, or exploring future development opportunities, this property offers exceptional flexibility and potential in a desirable commercial location.

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Commercial Active

Price

$ 2,600,000

Full Bath

5

Property Type

Commercial

Taxes

$ 19,000

Style

Mixed Use

Lot Size

9.79

Year Built

1947

Town/City

New Castle

County/Region

Henry

MLS | Web ID

202641847

Features
General
Heating Gas Wall Heater
Cooling None
Ceiling Height 22'
Roof Flat Rolled Rubber
Parking Yes Lot Private
Sewer City
# of Buildings 1
Status Active Active
Bathrooms 5
Year Built 1947
New Construction No
Subdivision None
Stories Count 1
Township Henry
Class COMMERCIAL
Type Mixed Use
Age 79
Special Features Office Space
REO No
Status Detail 0
Area Henry County
Location City
City New Castle
Legal Description PT SW1/4 10-17-10 7.1569A 2.2831A & .35A
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202641847
Agent First Name Susan
Agent Last Name Neal
DOM 1
Tax Year 2025
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Exterior
Road Surface Paved
Road Access State
Exterior Aluminum Block
Number of Parking Spaces 120
Lot Size Area 426452
# of Docks n
Lot Dimensions 9.79A
Parking Type Lot
Water Features None
Waterfront Y/N No
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Interior
Flooring Concrete
Basement/Foundation Slab
Walls Block
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* Excluded Features
List By
Susan Neal

Listing Agent

Re/Max First Integrity

Broker

SFNeal@remax.net

Email

Affordability Calculator

$19,541
Per Month
92%
8%
0%
Monthly Principal & Interest
$17,958
Monthly Property Taxes
$1,583
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/9/2026$2,600,000 Listed Price

Map


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221 N Memorial Drive, New Castle, IN, 47362 is a Commercial Property for sale at $2,600,000 with 17,250 sqft and a lot size of 9.79. 221 N Memorial Drive has 5.0 baths and was built in 1947. The property's zip code is 47362 which is in New Castle, IN