Commercial Development Land with Rail
For Sale
$899,900
N State Road 3, New Castle, IN 47362
COMMERCIAL - New Castle, IN
Property SizeContact for details
Lot Size44.35 Acres
Days on Market110
Property Features for N State Road 3
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Rural
Directions
From SR 3/38, north on SR 3 about 5 miles, past railroad tracks.
Subdivision
Henry County
Standard status
Active
APN
33-07-27-000-111.001-021
Lot size
44.35 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PT W1/2 NW1/4 27-18-10 49.634A
Tax Annual Amount
1428
Legal Description
PT W1/2 NW1/4 27-18-10 49.634A
Building Details
Year built
1900
Listing Agency:
F.C. Tucker/Crossroads Real Estate
(765) 521-9464
Listed By:
Mike McKown
(765) 524-3018
Added: May 11
Changed: Aug 4
Last Checked: Aug 28 at 8:06AM
MLS# 202617663
Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 44+/- acre commercial land parcel is offered for sale and is positioned for future development. The property includes substantial frontage along State Road 3 and is described as having convenient rail access, supporting flexible site planning for commercial uses.
According to the remarks, the land is served by high-pressure gas lines and includes a nearby substation for power. The parcel is located in Henry County near New Castle and is surrounded by other commercial enterprises.
The seller notes the site was previously part of a larger farming operation. Interested parties should review site conditions and utility capacity details directly with the listing broker for confirmation of development readiness.
According to the remarks, the land is served by high-pressure gas lines and includes a nearby substation for power. The parcel is located in Henry County near New Castle and is surrounded by other commercial enterprises.
The seller notes the site was previously part of a larger farming operation. Interested parties should review site conditions and utility capacity details directly with the listing broker for confirmation of development readiness.
Key Highlights
- 44+/- acre property with extensive frontage along State Road 3
- Convenient rail access for logistics or industrial use
- High‑pressure gas lines on site
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 47362, IN
30,184
Population
12,523
Households
2.4
Avg Household Size
43
Median Age
15%
College-Educated
89%
High-School Grad
147.7 sq mi
ZIP Area
204
Density / Sq Mi
$56,564
Median Household Income
$38,568
Median Earnings
$792
Median Rent
$131,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - 44+/- acre commercial land parcel with substantial frontage on State Road 3 and convenient rail access.
Where is this commercial land located?
The property is located at N State Road 3 New Castle, IN.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 44+/- acre property with extensive frontage along State Road 3; Convenient rail access for logistics or industrial use; High‑pressure gas lines on site
