Listing courtesy of F.C. Tucker/Crossroads Real Estate · Listing agent: Mike McKown · Cell: 765-524-3018

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ActiveAgriculture

0 E State Road 38

$449,900

New Castle, IN 47362

  • 40.3 acres
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Lot
40.32 ac
Type
Agriculture
Listed
September 3, 2026
MLS #
202636402

About this home

Discover the opportunity to own approximately 40 acres of agricultural land on the east side of New Castle, offering a rare combination of open space, road frontage, accessibility, and development potential. The property features a beautiful old barn that adds character and charm while providing useful storage or potential for a variety of future uses. With road access from both 31st Street and E. State Rd. 38, this property offers excellent accessibility and flexibility. Whether you’re looking for a private mini farm, a peaceful homestead, an investment property, or land with potential for future residential development or commercial activity, this property presents a multitude of possibilities. The acreage is currently planted in crops, which are expected to be harvested this fall. After harvest, the new owner will have the opportunity to envision and develop the property to suit their needs. Located just east of New Castle, this property combines the appeal of rural living with convenient access to town.

Property details

Waterfront & lake

Waterfront
No

Lot

Lot features
Barn
Lot size (acres)
40.32 ac
Lot dimensions
40.32
Location type
City,Rural
County
Henry County
Township
Henry
Current use
Agricultural, Camp/RV with Land, Recreational
Road frontage
State Road
Road surface
Asphalt
Road maintained by
State
Price per acre
$11,158
Easements
Yes
Restrictions
Easements
Platted
Yes
Planned unit development
No
Directions
State Road 38 east from New Castle to 31st Street

Schools

Elementary school
Wilbur Wright
Middle school
New Castle
High school
New Castle
School district
New Castle Community School Corp.

Taxes & terms

Annual taxes
$2,916
Tax year
2026
Assessed value
$58,000
Listing terms
Cash, Conventional
Possession
Negotiable
Parcel number
33-12-13-000-116.000-015

Utilities

Water
City
Electric
Available
Utilities
Sewer Available
Electric provider
Duke Energy Indiana

Location

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