221 N Memorial DR, New Castle, IN 47362-4918
221 N Memorial DR, New Castle, IN 47362-4918
221 N Memorial DR, New Castle, IN 47362-4918
221 N Memorial DR, New Castle, IN 47362-4918
221 N Memorial DR, New Castle, IN 47362-4918
221 N Memorial DR, New Castle, IN 47362-4918
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Kegan Inman

Kegan Inman

Inman Realty Company LLC

+1(812) 798-0204
Listed by Susan Neal • RE/MAX First Integrity • Office: 765-529-2211
$ 2,600,000
Est. payment | /mo

5 Baths

9.79 Acres Lot

Save Virtual Tour
$ 2,600,000
Est. payment | /mo
Save Virtual Tour

5 Baths

9.79 Acres Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID IRM202641847

HOA Y/N No

Year Built 1947

Annual Tax Amount $19,000

Tax Year 2025

Lot Size 9.790 Acres

Acres 9.79

Lot Dimensions 9.79A

Property Sub-Type Mixed Use

Property Description

PRIME COMMERCIAL OPPORTUNITY – NEARLY 10 ACRES IN A HIGH-VISIBILITY NEW CASTLE LOCATION! Exceptional opportunity to acquire approximately 9.78 acres of commercially zoned property near the heavily traveled intersection of State Roads 3 and 38 in New Castle, Indiana. This versatile property features an approximately 17,250-square-foot block building, offering expansive open interior space, designated office areas, and flexibility to accommodate a wide range of commercial uses. Currently operating as a gymnastics training facility, the building offers an adaptable layout with two existing overhead doors and the potential for additional overhead door installations. The property also features approximately 120 parking spaces, providing substantial on-site parking for customers, employees, or business operations. Zoned C-2, this property presents opportunities for commercial redevelopment, retail, recreational facilities, professional services, showroom space, or other business ventures, subject to applicable zoning and approvals. The generous acreage, substantial building footprint, extensive parking, and strategic location along New Castle's primary commercial corridor make this an attractive opportunity for investors, developers, and owner-users alike. Whether repurposing the existing building, expanding commercial operations, or exploring future development opportunities, this property offers exceptional flexibility and potential in a desirable commercial location.

Location

State IN

County Henry County

Rooms

Basement Slab

Interior

Heating Gas, Wall Heater

Inclusions Building, Land

Fireplace N

Exterior

Parking Features Parking Lot, Private

Waterfront Description None

View Y/N true

Total Parking Spaces 120

Building

Sewer Public Sewer

Water City

New Construction No

Others

Pets Allowed No

Tax ID 33-12-10-330-114.000-016

Acceptable Financing IRM202641847

Listing Terms IRM202641847

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202641847

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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221 N Memorial DR

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Kegan Inman
Kegan Inman

Managing Broker Indiana RB22002037

+1(812) 798-0204 | kegan@inmanrealty.com

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