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321 S Main Street, New Castle, IN 47362

Henry County

Key Facts

4,138Sq Ft
1847Year Built
0.75Lot (acres)
2Stories

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 there's 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.

Property Information

Property Type

Commercial Sale

Sub-Type

Mixed Use

Year Built

1847

Stories

2

Living Area

4,138 sq ft

Lot Size

0.75 acres

Zoning

offices

Days on Market

2

MLS® Listing#

22091564

Property Features

Utilities

Natural Gas Available

Schools

Elementary:
Parker Elementary School
Middle:
New Castle Middle School

Financial Details

Parcel Number

331215210179000016

Directions

GPS Friendly

Affordability Calculator

$165,000

Estimated monthly payment

$4,391/mo

Principal $660,000 · Est. interest $920,759 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in New Castle, IN

$290,556
Median Listing Price
47
Median Days on Market
1,656
Median Sq Ft
$165
Median Price / Sq Ft
338
Active Listings
  • This home’s price is 184% above the area median.
  • Its price per sq ft is 21% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in New Castle, IN.

Location

  • 321 S Main Street, New Castle, IN 47362

Points of Interest in New Castle, IN

Showing the New Castle area map.

Nearby Schools

  • Greenstreet Elementary School

    Elementary · 0.5 mi away

  • New Castle Community School

    School · 0.5 mi away

  • Eastwood Elementary School

    Elementary · 0.8 mi away

  • Wilbur Wright Elementary School

    Elementary · 0.9 mi away

  • Parker Elementary School

    Elementary · 1.0 mi away

  • I C A P Headstart

    Elementary · 1.0 mi away

  • New Castle Middle School

    Secondary · 1.2 mi away

  • New Castle Community School

    Elementary · 1.2 mi away

  • New Castle CHRYSLER High School

    Secondary · 1.2 mi away

  • New Castle Community School

    School · 1.4 mi away

  • Sunnyside Elementary School

    Elementary · 1.5 mi away

  • James Whitcomb Riley Elementary School

    Elementary · 1.9 mi away

  • Westwood Elementary School

    Elementary · 2.5 mi away

  • Blue River Valley Elementary School

    Elementary · 5.4 mi away

  • Blue River Valley Schools Band Department

    Secondary · 5.5 mi away

  • Tri-Elementary School

    Elementary · 6.6 mi away

  • Tri Junior-Senior High School

    Secondary · 6.7 mi away

  • Schools South Henry School

    School · 7.4 mi away

  • Kennard Elementary School

    Elementary · 8.1 mi away

  • Shenandoah High School

    Secondary · 9.8 mi away

Commute Calculator

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Moving Cost Estimate

EXIT Agents in New Castle

Listing Courtesy: RE/MAX First Integrity - krista.gibson@remax.net

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Last Updated: 2026-03-26

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