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Historic Office Building with Elevator

1416 Broad Street New Castle, IN 47362

Claim this Listing
For Sale
$199,900

COMMERCIAL - New Castle, IN

Property size:
40,000 SF
Lot size:
1.10 Acres
Price / SF:
$4/SF
Added:
Oct 9, 2023
Days on Market:
1010
Last Refresh:
Jul 14 at 2:06 am

Property Features for 1416 Broad Street

General Information

Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Standard status
Active
APN
33-12-10-440-250.000-016
Lot size
1.10 Acres

Taxes and HOA fees

Tax Year
2023
Tax Description
ORIG PLAT E 23' LOT 6 & W 40' LOT 7 BLK 8 ORIG PLAT PT LOTS 7 & 8 BLK 8 ORIG PLAT E1/2 LOT 8 BLK 8 APPROXIMATELY .517 ACRES OF 1410 FLEMING ST NEW CASTLE, IN 47362 ORIG PLAT LOTS 1, 2, & 3 BLK 8 TO BE SURVEYED. STARTING IN THE SOUTH-EAST CORNER, NORTH 132', WEST 172', SOUTH 132', EAST 172' TO THE POINT OF BEGINNING.
Tax Annual Amount
1788

Utilities

Cooling system
Central Air

Building Details

Year built
1900
Flooring type
Concrete, Stone, Carpet, Vinyl
Roof type
Rubber

Listing agent Mike McKown

Listing office F.C. Tucker/Crossroads Real Estate MAIN OFFICE 1122 Broad Street, IN

Listing date Oct 9, 2023

MLS# 202336981

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.

1416 Broad Street is a landmark commercial property with a substantial interior footprint, including more than 40,000 total square feet of space, with approximately 27,000 square feet currently laid out for office use. The building is served by elevators and features recent structural and roof updates, along with a complete interior clean-out that has exposed the property’s full scope.

The building is located directly across from 1400 Plaza. It is situated on an approximately 1.095-acre lot.

Originally home to Sears and Roebuck, the structure presents a flexible redevelopment option for buyers seeking office re-tenanting, retail redevelopment, co-working configuration, or a mixed-use conversion, subject to applicable approvals and intended use plans.

Key Highlights

  • Landmark commercial building at 1416 Broad Street with 40,000+ sq ft total space
  • 27,000 sq ft currently laid out for office use, with additional space available for redevelopment
  • Central air cooling and rubber roof

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Restaurant Gym & Fitness Center Garden Center Auto Parts Store Skin Care Clinic Furniture & Home Goods

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - Office portion totals about 27,000 square feet within a 40,000+ square-foot landmark building.
Where is this office building located?
The property is located at 1416 Broad Street New Castle, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Landmark commercial building at 1416 Broad Street with 40,000+ sq ft total space; 27,000 sq ft currently laid out for office use, with additional space available for redevelopment; Central air cooling and rubber roof
Contact an agent
More about this property
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