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Key Facts

3.97Lot (acres)

$263,000

Active26 days on marketListed March 9, 2026

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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.

Property Information

Property Type

Land

Sub-Type

Unimproved Land

Lot Size

3.97 acres

Zoning

Days on Market

MLS® Listing#

22088309

Property Features

Lot Features

Irregular LotCorner LotSee Remarks

Utilities

Sewer Available

Sewer

Public Sewer

Financial Details

Parcel Number

331210320109000016

Directions

GPS Friendly

Affordability Calculator

Home Price

Down Payment

$52,600

Interest Rate (%)

Loan Term

Estimated monthly payment

$1,400/mo

Principal $210,400 · Est. interest $293,527 over 30 yrs

Moving Cost Estimate

Listing Courtesy: RE/MAX First Integrity - susan@susanfalckneal.com

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Last Updated: 2026-03-09

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