New Castle IN Real Estate & Commercial for Sale

9 Properties Found

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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202546379
Type:
Mixed Use
Lot size:
0.16 Acres
Year built:
1900
Courtesy:
View additional info

ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202541119
Type:
Mixed Use
Lot size:
4.45 Acres
Year built:
1987
Courtesy:
View additional info

ADDITIONAL INFORMATION

Your next business opportunity? This property features 2 buildings for a combined ~3500 Sq ft and nearly 4.5 acres. The front building has 2 office spaces, along with 4 garage door bays. The back building Also has 3 garage door bays, one room set up for car painting. Also includes a fully functioning 1 bedroom apartment with a full kitchen and bathroom.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202535069
Type:
Business Opportunities
Lot size:
2.5 Acres
Year built:
1978
Courtesy:
View additional info

ADDITIONAL INFORMATION

For Sale or Lease. Nice 27,000 +/- SQ FT Industrial/Warehouse building. Large offices, full bathroom and very well done in both electric and heat for industrial and/or manufacturing. Located in nice industrial park with easy assess to highway 38 or St Rd 3 and I-70

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202511653
Type:
Other
Lot size:
49.63 Acres
Year built:
1900
Courtesy:
View additional info

ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202511131
Type:
Mixed Use
Lot size:
0.21 Acres
Year built:
1900
Courtesy:
View additional info

ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202510821
Type:
Mixed Use
Lot size:
0.08 Acres
Year built:
1900
Courtesy:
View additional info

ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
Sq.Ft.:
5,490
Status:
Active
MLS#:
22020995
Type:
Multi-Family
Lot size:
0.31 Acres
Year built:
1937
Courtesy: Steve Lew Real Estate Group, LLC 317-868-5478
View additional info

ADDITIONAL INFORMATION

Prime Investment Opportunity in Downtown New Castle! Seize this exceptional investment opportunity! This strategically located 6-unit apartment complex in the heart of downtown New Castle is primed for its next investor to complete the final touches and begin generating rental income. Significant upgrades have already been made, including a new roof, siding, gutters, soffit, doors, and windows, along with multiple electrical and plumbing updates. With the groundwork laid, this property is ready to deliver strong returns. Schedule a showing today to explore the potential of this promising investment!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202436432
Type:
Mixed Use
Lot size:
0.19 Acres
Year built:
1973
Courtesy:
View additional info

ADDITIONAL INFORMATION

Have you always aspired to own your own business? Well now is your chance. Small Mechanic shop with a front office area & bathroom. You could also have a a car lot there. Possibilities are endless here. Inside features 3 work bench's And a Compressor. Maybe you need a place for warehousing or storage or you would like to open a small retail shop. Tons of Parking Space right outside your door. This shop also can be leased for $1,000 per month.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202336981
Type:
Other
Lot size:
1.1 Acres
Year built:
1900
Courtesy:
View additional info

ADDITIONAL INFORMATION

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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Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS. All rights reserved.

Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

Listings courtesy of MIBOR as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. © 2024 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.




New Castle Real Estate

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.

New Castle Weather

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.

New Castle Map

New Castle Real Estate Market Conditions

  • Median sales price

    $156,950
    15.1%
    change since last quarter
  • # Active listings

    116
    30-day change

New Castle Schools and Demographics

Education near New Castle, IN

City County
High School Graduates 90.05 90.8
College Degree - 2 year 7.49 8.82
College Degree - 4 year 16.36 17.55
Graduate Degree 5.68 5.28
Expenditures per Student 12,632 12,632
Students per Teacher 13.9 13.9

Elementary Schools near New Castle, IN

Grades Students P/T Ratio ZIP
Blue River Valley Elementary School PK - 06 379 19.6 47362
Eastwood Elementary School PK - 06 252 16.8 47362
Hagerstown Elementary School PK - 06 589 16.8 47346
James Whitcomb Riley Elementary School 01 - 06 261 16.3 47362
Parker Elementary School KG - 06 440 19.1 47362
Shenandoah Elementary School PK - 05 643 23 47356
Sunnyside Elementary School KG - 07 268 14.9 47362
Tri-Elementary School KG - 06 387 17.2 47387
Westwood Elementary School 01 - 06 256 17.1 47362
Wilbur Wright Elementary School KG - 06 367 17.5 47362

Middle Schools near New Castle, IN

Grades Students P/T Ratio ZIP
Kennard Elementary School KG - 04 94 9.2 47351
New Castle Middle School 07 - 08 552 13.1 47362
Shenandoah Middle School 06 - 08 356 16.2 47356

High Schools near New Castle, IN

Grades Students P/T Ratio ZIP
Blue River Valley Junior/Senior High School 07 - 12 266 10.2 47362
Hagerstown Junior/Senior High School 07 - 12 518 17.9 47346
New Castle High School 09 - 12 1,119 12.8 47362
Shenandoah High School 09 - 12 385 14.3 47356
Tri Junior-Senior High School 07 - 12 392 14.2 47387

Demographics near New Castle, IN

City County
Neighborhood Type Suburban
Population 17,465 48,857
Population Density 2,375 125
Median Age 40.5 41.9
People per Household 2.4 2.5
Median Household Income 46,112 54,154
Average Income per Capita 23,677 26,892

Real estate near New Castle