Commercial Development Land with Rail
For Sale
$899,900
N State Road 3, New Castle, IN 47362
LAND - 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
Land
Property subtype
Other
Zoning description
Agriculture
Lot features
Level, Undeveloped, Tillable, 15+
Elementary school
Blue River Valley
Middle school
Blue River Valley
High school
Blue River Valley
Elementary school district
Blue River Valley Schools
Middle school district
Blue River Valley Schools
High school district
Blue River Valley Schools
Directions
From SR 3/38, north on SR 3 about 5 miles, past railroad tracks. This property is located between New Castle and Mount Summit.
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
1438
Legal Description
PT W1/2 NW1/4 27-18-10 49.634A
Listing Agency:
F.C. Tucker/Crossroads Real Estate
(765) 521-9464
Listed By:
Mike McKown
(765) 524-3018
Added: May 11
Changed: May 14
Last Checked: Aug 28 at 8:06AM
MLS# 202617664
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 44.35-acre commercial/industrial land parcel is offered for sale in Henry County, near New Castle. The property has substantial frontage along State Road 3 and convenient rail access, with the site previously part of a larger farming operation. It is surrounded by other commercial enterprises, providing an established setting for future development.
Utilities and infrastructure include high-pressure gas lines, along with a nearby substation to support power needs for commercial or industrial operations. With access to both roadway frontage and rail service, the site is positioned for a range of commercial development concepts that benefit from practical logistics and utility availability.
Utilities and infrastructure include high-pressure gas lines, along with a nearby substation to support power needs for commercial or industrial operations. With access to both roadway frontage and rail service, the site is positioned for a range of commercial development concepts that benefit from practical logistics and utility availability.
Key Highlights
- 44+/- acre parcel with frontage along State Road 3
- Rail access available
- 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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial land - Large parcel with frontage along State Road 3 and convenient rail access, with gas lines and nearby substation power.
Where is this industrial 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 parcel with frontage along State Road 3; Rail access available; High‑pressure gas lines on‑site
