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Two-Story Historic Office Building
For Sale
$825,000

321 South Main Street New, New Castle, IN 47362

Two-story historic office building built in 1847 with rebuilt chimneys, refreshed interior, and a dedicated parking lot.

Property Size4,134 SF
Lot Size0.75 Acres
Days on Market136

Property Features for 321 South Main Street New

General Information

Standard status Active
Size 4,134 SF
Lot size 0.75 Acres
Property subtype Office

Building Details

Building Size 4,134 SF
Year Built 1847
Stories 2
Listing Agency: RE/MAX
Listed By: Susan Neal · License #RB14024543
Source: Remaxcommercial
Added: Mar 30 Changed: Aug 8 Last Checked: Aug 11 at 4:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX

Investment Insights

Based on property information with market context.

This two-story historic office building was built in 1847 and offers a blend of character and major recent updates. The property includes extensive exterior improvements such as rebuilt chimneys (all five), a new roof with slate-look shingles, fresh interior and exterior paint, and updated exterior elements including new shutters and soffit. Interior work includes new flooring, and the columns have been reworked to support long-term structural integrity while preserving the building’s appearance.

The building is offered for sale with on-site, dedicated parking, a meaningful convenience in a downtown setting where parking is often limited.

Occupying approximately 4,100+ square feet on a 0.75-acre lot, the property presents a substantial, flexible platform for an owner or user seeking a downtown office presence with meaningful parking and already-completed improvements.

Key Highlights

  • Historic two‑story office building built in 1847 with over 4,100 SF and presence right in town
  • All five chimneys have been completely rebuilt
  • New roof with slate look shingles

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Locksmith Real Estate Agency Daycare Center Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

218
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Two-story historic office building built in 1847 with rebuilt chimneys, refreshed interior, and a dedicated parking lot.
Where is this office building located?
The property is located at 321 South Main Street New New Castle, IN.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Historic two‑story office building built in 1847 with over 4,100 SF and presence right in town; All five chimneys have been completely rebuilt; New roof with slate look shingles
More about this property
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