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Downtown Mixed-Use Building
For Sale
$179,000

1334 Broad Street, New Castle, IN 47362

Two commercial units and a separately accessed upper-floor apartment provide distinct spaces within one property.

Property Size4,630 SF
Price / SF$38.66
Days on Market158

Property Features for 1334 Broad Street

General Information

Standard status Active
Size 4,630 SF
Property subtype Commercial
Zoning C1 Local Business

Additional Details

Road Access Yes
Multifamily Units 1

Building Details

Building Size 4,630 SF
Buildings 1
Stories 2
Listing Agency: Real Broker, LLC
Listed By: Jon Kindred · License #RB16000524
Source: Battsrealestategroup
Added: May 20 Changed: Oct 22 Last Checked: Oct 24 at 1:19AM

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 Real Broker, LLC

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Investment Insights

Based on property information with market context.

This mixed-use property contains 4,630 square feet plus a basement. The main floor is divided into two commercial units: a 2,165-square-foot front space with a display area, office and storage room, half bath, and basement access, and a 1,300-square-foot rear space with a warehouse-style area, office and storage room, half bath, and its own entrance. The second floor has a four-room apartment with a private entry and a half bath. Recent building work includes the roof, second-floor windows, electrical system, HVAC, and facade.

The property is on Broad Street in downtown New Castle and also has access from Fleming Street. It is zoned C1 Local Business.

Key Highlights

  • 4,630 SF plus basement
  • Front commercial unit measures 2,165 SF and includes a display area, office/storage room, and half bath
  • Rear commercial unit offers 1,300 SF, warehouse‑style space, office/storage room, and a separate entrance

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Restaurant Gym & Fitness Center

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

Lease Details

1
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

527
Businesses Nearby
37k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 88% Dining 12%
Speedway Shops & Services
14,920 visits/mo 0.3 miles
Dollar General Shops & Services
6,764 visits/mo 0.4 miles
ARCO Shops & Services
5,443 visits/mo 0.3 miles
Marathon Shops & Services
5,233 visits/mo 0.2 miles
Little Caesars Pizza Dining
4,266 visits/mo 0.5 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two commercial units and a separately accessed upper-floor apartment provide distinct spaces within one property.
Where is this mixed-use property located?
The property is located at 1334 Broad Street New Castle, IN.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 4,630 SF plus basement; Front commercial unit measures 2,165 SF and includes a display area, office/storage room, and half bath; Rear commercial unit offers 1,300 SF, warehouse‑style space, office/storage room, and a separate entrance
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