Listing courtesy of RE/MAX First Integrity · Listing agent: Krista Gibson · Cell: 765-524-4013

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ActiveMixed Use

321 S Main Street

$675,000

$163.12 / sq ft

New Castle, IN 47362-4218

Original price $825,000 · Price reduced on October 1, 2026

  • Basement
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Bathrooms
4
Lot
0.75 ac
Year built
1847
Type
Mixed Use
Listed
March 26, 2026
MLS #
202610186

About this home

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 details

Interior

Stories
2
Finished area above grade
4,138 sq ft
Basement
Crawl Space, Partial
Flooring
Laminate, Vinyl
Heating
Natural Gas, Forced Air
Cooling
Wall AC

Exterior & parking

Construction
Brick
Roof
Shingle
Parking
Asphalt, Parking Lot
Fencing
Metal
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot size (acres)
0.75 ac
Lot dimensions
132X247
Location type
City
County
Henry County
Township
Henry
Road frontage
City Street
Lots
0
Platted
Yes
Planned unit development
No
Directions
GPS Friendly

Taxes & terms

Annual taxes
$3,782
Tax year
2026
Assessed value
$181,100
Tax exemptions
No Exemptions
Tax abatement
No
Listing terms
Cash, Conventional
Possession
DOC
Parcel number
33-12-15-210-179.000-016

Included in the sale

Included in sale
Building,Land

Utilities

Water
City
Sewer
Public Sewer
Utilities
Electric Hook-Up, Gas Hook-Up, Mun. Sewer Hook-Up, Mun. Water Hook-Up, Storm Sewer
Electric provider
Duke Energy Indiana
Gas provider
CenterPoint Energy
Water provider
New Castle Utility

Income & commercial

Parking spaces
20
Water meters
2
Ceiling height
x

Location

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