Address
321 S Main Street, New Castle, IN
Price
$ 725,000
Property Attributes
- MLS#202610186
- TypeCommercial
- Listing Status Active
- CountyHENRY
- CityNew Castle
- AreaHenry
- Zip47362
- StyleMixed Use
- Year Built1847
- Taxes$ 3781
- Price$ 725,000
- Bedrooms0
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage4138
- Lot Size0.75 Acres
Data Source:
Indiana Regional MLS (IRMLS)
Property Description
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 theres 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.
| Price History | |
|---|---|
| 3/26/2026 | Listed $825,000 |
| 5/29/2026 | 13$725,000 |
General Features
| Heating | Gas,Forced Air |
|---|---|
| Cooling | Wall AC |
| Ceiling Height | x |
| Roof | Shingle |
| Parking | Yes |
| Sewer | City |
| # of Buildings | 1 |
| Status | Active |
| Bathrooms | 4 |
| Year Built | 1847 |
| Parking | Lot |
| New Construction | No |
| Subdivision | None |
| Stories Count | 2 |
| Township | Henry |
| Class | COMMERCIAL |
| Present Use | Investment Property |
| Type | Mixed Use |
| Age | 179 |
| FIPS Code | 18065 |
| Special Features | 220 Volts,Basement,Delivery Door |
| Associated Document Count | 1 |
| REO | No |
| Status | Active |
| Auction Y/N | No |
| Annual Taxes | 3781.66 |
| Area | Henry County |
| Location | City |
| City | New Castle |
| Legal Description | ORIG PLAT LOTS 1,2 & 3 BLK 19 |
| Virtual Tour | https://www.propertypanorama.com/instaview/irmls/202610186 |
| Agent First Name | Krista |
| Agent Last Name | Gibson |
| DOM | 181 |
| Tax Year | 2026 |
| Restrictions | None |
| PROPOSED FINANCING | Cash,Conventional |
Interior Features
| Flooring | Laminate,Vinyl |
|---|---|
| Basement/Foundation | Crawl,Partial Basement |
| Walls | Other |
| Basement Y/N | Yes |
| Burglar Alarm Y/N | No |
| Interior Height | x |
| Smoke/Fire Alarm Y/N | Yes |
| Water Heater Y/N | Yes |
| 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 | 32583 |
| Lot Dimensions | 132X247 |
| Parking Type | lot |
| Fence | Metal |
| Water Features | None |
| Approx. Lot Size Acres | 0.75 |
| 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 22, 2026 12:53 AM UTC
Property vs Commercial Average in 47362
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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
