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Medical Office Suite with Private Rooms
For Sale
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1518 Washington Street, New Castle, IN 47362

COMMERCIAL FOR LEASE, New Castle, IN

Property Size875 SF
Lot Size1.32 Acres
Price / SF$1.00
Days on Market185

Property Features for 1518 Washington Street

General Information

Property type Commercial Sale
Property subtype Office
Rooms Basement
Parking features Off Street
Lot features City
Directions GPS Friendly
Subdivision Henry County
Standard status Active
APN 33-12-10-240-120.000-016
Lot size 1.32 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description PT NE1/4 NW1/4 10-17-10 1.32A | |
Tax Annual Amount 5828
Legal Description PT NE1/4 NW1/4 10-17-10 1.32A | |

Utilities

Cooling system Central Air

Amenities

welcoming reception area
public restroom
large central workroom
multiple private exam/offices
private restroom
dedicated storage room
front and rear entrances

Building Details

Year built 1976
Flooring type Mixed
Roof type Shingle
Listing Agency: F.C. Tucker/Crossroads Real Estate
Listed By: Cara Huffman · License #RB14039883
Added: Feb 26 Changed: Aug 21 Last Checked: Aug 30 at 5:06AM
MLS# 202606307

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 875-square-foot medical office suite is arranged for practical patient-facing and administrative use. The interior includes a reception area, public restroom, central workroom, multiple private exam or office rooms, a second private restroom, and dedicated storage. Mixed flooring and central air conditioning serve the space, which is located in a building constructed in 1976.

Front and rear entry points support convenient access, while off-street parking is available on the 1.32-acre property. The suite sits near a hospital and other medical practices, providing a location suited to office, retail, or medical occupancy. The landlord is open to tenant improvements, allowing the interior to be adapted to the occupant’s requirements.

Key Highlights

  • 875 SF suite with reception area, central workroom, private exam or office rooms, storage, and two restrooms
  • Front and rear entrances provide access to the suite
  • Off‑street parking on a 1.32‑acre property

Property Analytics

Current Use

Medical Office Space

Suggested Use

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

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

515
Businesses Nearby
Under-served
Demand for This Use

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?
Medical Office Space - Flexible suite layout includes reception, workroom, private offices, storage, and separate public and private restrooms.
Where is this medical office space located?
The property is located at 1518 Washington Street New Castle, IN.
What are key features of this property?
This property features: 875 SF suite with reception area, central workroom, private exam or office rooms, storage, and two restrooms; Front and rear entrances provide access to the suite; Off‑street parking on a 1.32‑acre property
More about this property
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