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.
Step into a true transformation opportunity at 1214 Broad Street, planted right in the center of downtown New Castle, where every great revitalization story begins. This former Town Tavern space delivers instant character with its original bar anchoring the main level, creating a natural focal point for a reimagined hospitality concept, retail experience, or hybrid venue. Behind the scenes, the heavy lifting has already started with a new roof, new first-floor HVAC system, and updated storefront windows and exterior doors, giving you a strong foundation to build on. What truly sets this property apart is its attached parking lot - an uncommon advantage in this downtown corridor that adds both function and long-term value. Upstairs, the second and third floors offer unfinished space ready for a complete design vision - think loft-style residences, studio spaces, or income-producing units layered above your main-level concept. This is more than a property, it’s a canvas with structure, story, and location already in place. For those with an eye for design and a plan for execution, 1214 Broad Street is ready to be taken from raw potential to a standout destination.
Well-maintained 4,800SF professional medical office situated on 1.623 acres along high visibility S Spiceland Rd in New Castle. Built in 1997, this single story building offers a functional medical layout, ample paved parking, and strong road frontage. ideal for medical, dental, or professional office.
This beautiful building in New Castle's Historic District is available for you to make your own! Main floor retail area, studio apt and 2 BR apt all currently leased. Great location in the heart of a busy downtown. Own parking lot and new HVAC system in '24. Main floor retail property to be shown only during business hours: 9a-5:30p M-F. 9a-12 noon Sat. Main floor retail business not for sale. Located in Historic District - restrictions apply, these are located in associated documents.
This 50+/- acre property offers a prime location with significant potential for commercial development. Featuring a large amount of frontage along State Road 3, along with convenient rail access, this parcel is perfectly situated for a variety of business ventures. Previously part of a large farming operation, the land is surrounded by other commercial enterprises, making it an ideal candidate for similar development. The property is well-equipped for future use, with high-pressure gas lines and a nearby substation providing ample power to support any commercial or industrial operations. This rare opportunity combines accessibility, utilities, and location, offering an excellent foundation for your next enterprise. Don’t miss your chance to secure this exceptional piece of real estate in central Indiana.
Located at 100 S. 19th St., this historic property offers a rare opportunity to own a piece of Indiana’s rich heritage. Once home to the Speeder Bicycle Company, which manufactured bicycles and was frequented by the legendary Wilbur Wright, this building holds a legacy of innovation and history. It’s also believed to be the birthplace of the snow plow, adding to its unique and storied past. The commercial space exudes character, featuring original fixtures and a second-story, two-bedroom apartment that holds endless potential. In the late 20th century, it became the artist studio and frame shop for Henry County’s most successful artists, Verl and Bette Schaeffer. This building is being sold as-is and requires both structural and cosmetic repairs, but its historic charm and distinctive past provide a perfect canvas for future possibilities. Don’t miss the chance to invest in this one-of-a-kind property—one that is poised to create new history for years to come.
Located in the heart of downtown New Castle on Broad Street, this versatile commercial property offers excellent visibility and accessibility. Featuring both Broad Street and Fleming Street access, the spacious layout includes a total of 4,630 SF + basement. The main floor has a front unit with 2,165 SF, large display room, office / storage room, half bath, and basement access. The rear unit offers 1,300 square feet with a warehouse-style area, office / storage room, half bath, and separate entrance. The unique set up makes this property ideal for a variety of business opportunities. Adding to its appeal is a second floor apartment with private entry, Downtown Broad Street views, 4 rooms and 1/2 bathroom. Recent updates to this building include the roof, second story windows, electrical, HVAC and facade.
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.
New Castle is located in Indiana. New Castle, Indiana has a population of 17,465. New Castle is less family-centric than the surrounding county with 25.71% of the households containing married families with children. The county average for households married with children is 28.42%.
The median household income in New Castle, Indiana is $46,112. The median household income for the surrounding county is $54,154 compared to the national median of $69,021. The median age of people living in New Castle is 40.5 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 17.7 degrees. The average rainfall is approximately 43.5 inches per year, with 24.5 inches of snow per year.
