Address
0001 Emerson Avenue, New Castle, IN
Price
$ 263,000
Property Attributes
- MLS#202607720
- TypeLand
- Listing Status Active
- CountyHENRY
- CityNew Castle
- AreaHenry
- Zip47362
- StyleCommercial Land
- Taxes$ 3607
- Price$ 263,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size3.97 Acres
Data Source:
Indiana Regional MLS (IRMLS)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Wilbur Wright Elementary School | New Castle Middle School | New Castle High School |
| Price History | |
|---|---|
| 3/10/2026 | Listed $263,000 |
General Features
| Road Frontage | City |
|---|---|
| Easements | No |
| Status | Active |
| Parking | None |
| Subdivision | None |
| Township | Henry |
| Class | LOTS AND LAND |
| Present Use | Commercial |
| Type | Commercial Land |
| FIPS Code | 18065 |
| Inside City Limits | Yes |
| REO | No |
| Status | Active |
| Auction Y/N | No |
| Annual Taxes | 3607 |
| Area | Henry County |
| Location | City |
| High School | New Castle |
| City | New Castle |
| School District | New Castle Community School Corp |
| Assoc. Dues Frequency | Not Applicable |
| Elementary School | Wilbur Wright |
| Middle School | New Castle |
| Legal Description | PT NE1/4 SW1/4 10-17-10 3.97A (Not including 4A) |
| Virtual Tour | https://www.propertypanorama.com/instaview/irmls/202607720 |
| Agent First Name | Susan |
| Agent Last Name | Neal |
| DOM | 198 |
| Tax Year | 2025 |
| Restrictions | None |
| PROPOSED FINANCING | Conventional,Other |
Interior Features
| Fuel Type | Electric,Gas,Available |
|---|
Exterior Features
| Road Surface | Asphalt |
|---|---|
| Road Access | City |
| Lot Size Area | 172933 |
| Lot Dimensions | 3.97 |
| Fence | None |
| Rail Siding Y/N | No |
| Approx. Lot Size Acres | 3.97 |
| Curb Y/N | Yes |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- 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
IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on September 22, 2026 12:53 AM UTC
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MIBOR REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than REMAX First Integrity may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: September 22, 2026 12:55 AM UTC
Richmond Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
