Address
1214 Broad Street, New Castle, IN
Price
$ 675,000
Property Attributes
  • MLS#202610183
  • TypeCommercial
  • Listing Status Active
  • CountyHENRY
  • CityNew Castle
  • AreaHenry
  • Zip47362
  • StyleRestaurant/Bar
  • Year Built1900
  • Taxes$ 3368
  • Price$ 675,000
  • Bedrooms0
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage11628
  • Lot Size0.4 Acres
Data Source:
Indiana Regional MLS (IRMLS)
Property Description

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, its 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.

Price History
3/26/2026 Listed $775,000
5/29/2026 13$675,000

General Features

Heating Gas,Forced Air
Cooling Central Air
Ceiling Height x
Roof Flat
Parking Yes
Sewer City
# of Buildings 1
Status Active
Bathrooms 3
Year Built 1900
Parking Lot,Street
New Construction No
Subdivision None
Stories Count 3
Township Henry
Class COMMERCIAL
Present Use Vacant-Best for Owner/Usr
Type Restaurant/Bar
Age 126
Lot Number 67
FIPS Code 18065
Special Features 220 Volts,Basement,Display Window(s)
Associated Document Count 1
REO No
Status Active
Auction Y/N No
Annual Taxes 3368.92
Area Henry County
Location City
City New Castle
Legal Description ORIG PLAT LOT 6 & W 20' LOT 7 BLK 6
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202610183
Agent First Name Krista
Agent Last Name Gibson
DOM 181
Tax Year 2025
Restrictions None
PROPOSED FINANCING Cash,Conventional

Interior Features

Flooring Concrete,Wood
Basement/Foundation Full Basement,Unfinished
Walls Unfinished,Other
Basement Y/N Yes
Burglar Alarm Y/N No
Interior Height x
Smoke/Fire Alarm Y/N No
Water Heater Y/N No
FIRE PROTECTION City
Equipment Y/N No

Exterior Features

Road Access City
Exterior Brick
Driveway Asphalt
Number of Parking Spaces 20
Ingress/Egress None
Lot Size Area 17206
Lot Dimensions 101X167
Parking Type lot
Fence None
Water Features None
Approx. Lot Size Acres 0.4
Construction Type 1 Brick
Security Light Y/N No
Sprinkler System Y/N No
Water Softener Y/N No
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 23, 2026 10:43 AM UTC

Property vs Commercial Average in 47362

Price
AVG $280K
$680K
Taxes
AVG $7,493
$3,368
Year Built
AVG 1934
1900
Visits
AVG 41
111
Data Provided by Inside Real Estate®