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Retail Storefront with Garage
New
For Sale
$199,900

1701 Riley Road New, New Castle, IN 47362

Flexible commercial space with on-site parking and a detached accessory structure.

Property Size1,926 SF
Lot Size0.61 Acres
Price / SF$103.84
Days on Market1

Property Features for 1701 Riley Road New

General Information

Standard status Active
Size 1,926 SF
Lot size 0.61 Acres
Property subtype Business Opportunities

Amenities

on-site parking
detached garage

Building Details

Building Size 1,926 SF
Listing Agency: RE/MAX
Listed By: Susan Neal · License #RB14024543
Source: Remaxcommercial
Added: Sep 7 Last Checked: Sep 7 at 3:07PM

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 retail storefront includes approximately 1,925 square feet of commercial space, a detached garage, on-site parking, and a .61-acre lot. The property has supported retail operations for over 30 years and offers a flexible footprint for continued retail use or other commercial applications.

Located on Riley Road in New Castle, the property provides an established commercial setting with room for parking and auxiliary storage. The space is presented as adaptable for professional offices, insurance services, salons, boutiques, medical or wellness businesses, and consignment retail. A portion of the building may also be used separately, subject to the applicable arrangement and requirements.

Key Highlights

  • Approximately 1,925 square feet of commercial space
  • .61‑acre lot
  • Retail use established for over 30 years

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Restaurant Hair Salon Nail Salon Building Supply

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

99
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 57% Dining 35% Home Improvements & Furnishings 8%
Speedway Shops & Services
10,062 visits/mo 0.4 miles
Jack's Donuts Dining
6,227 visits/mo 0.5 miles
Sherwin-Williams Paint Store Home Improvements & Furnishings
1,335 visits/mo 0.2 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • sister sister silks 2331 Hunter Ave, New Castle, IN 47362

Frequently Asked Questions

What type of property is this?
Storefront property - Flexible commercial space with on-site parking and a detached accessory structure.
Where is this storefront property located?
The property is located at 1701 Riley Road New 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: Approximately 1,925 square feet of commercial space; .61‑acre lot; Retail use established for over 30 years
More about this property
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