Address
0000 Emerson Ave Emerson Avenue, New Castle, IN
Price
$ 265,000
Property Attributes
  • MLS#22086289
  • TypeLand
  • Listing Status Active
  • CountyHENRY
  • CityNew Castle
  • AreaHenry
  • Zip47362
  • StyleUnimproved Land
  • Taxes$ 3608
  • Price$ 265,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description

Commercial Development Opportunity - Northfield Complex | Emerson Ave | New Castle, Indiana Positioned within one of New Castle's most active and established mixed-use corridors, this 4-acre corner parcel offers a premier development opportunity inside the Northfield Complex on Emerson Avenue. Surrounded by complementary commercial, medical, and residential growth, the site is ideally suited for a wide range of commercial or multi-family development concepts. The property features approximately 400 feet by 460 feet of frontage on a highly visible corner location, providing excellent access, layout flexibility, and strong development presence. The level topography allows for efficient site planning and reduced preparation costs, while all utilities are readily available at or near the site, supporting immediate development potential. Located just off State Road 3 with convenient connectivity to State Road 38, State Road 36, Interstate 70, and downtown New Castle, the property benefits from regional accessibility while remaining anchored within a growing local hub. The surrounding Northfield Complex includes a hospital campus, YMCA, medical offices, and professional service users, creating consistent traffic flow and built-in demand drivers. A newly developed upscale residential subdivision featuring over 80 homes further strengthens the area's growth trajectory and supports future commercial and service expansion. Currently zoned C-2, the parcel allows for a variety of permitted uses including multi-family residential, retail, medical office, restaurant, and service-oriented development. Additional adjoining land may be available, presenting a scalable opportunity for larger projects or phased expansion. This offering represents a rare opportunity to secure a strategically located, development-ready site within an established and expanding commercial site in Henry County.

Middle School
New Castle Middle School
Price History
3/2/2026 Listed $265,000

General Features

Sewer Public Sewer
Possession Closing
Development Status Not Applicable
Zoning C-2
Topography Level
Township Henry
Property Subtype Unimproved Land
Tax Year 2025
County Henry
New Construction No
Property Type Land
Subdivision Name No Subdivision
Other Structures Not Applicable
Status Active
Directions GPS Friendly
High School District New Castle Community School Corp
MLS Area 3307 - Henry - Henry
Lot Size Square Feet 347173
Middle/Junior High School New Castle Middle School
Standard Status Active
Tax Lot none
Legal Description Pt Ne1/4 Sw1/4 10-17-10 4A (not including 3.97A)

Exterior Features

Lot Features Corner Lot,Curbs
Lot Size Acres 4
Road Surface Type Asphalt
Road Frontage Type City Street
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 47362

Price
AVG $230K
$270K
Taxes
AVG $1,082
$3,608
Visits
AVG 55
27
Data Provided by Inside Real Estate®