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Equipped Restaurant Building
For Lease
$3,900/Mo

1914 I Ave, New Castle, IN 47362

Restaurant layout includes dining and bar areas, commercial kitchen, hood system, walk-in coolers, and existing fixtures.

Space Size5,210 SF
Lot Size0.73 Acres
Days on Market41

Property Features for 1914 I Ave

General Information

Standard status Active
Size 5,210 SF
Net Rentable 5,210 SF
Lot size 0.73 Acres

Space & Availability

Available Space 5,210 SF
Contiguous Space 5,210 SF
Space Use Restaurant

Restaurant

Commercial Hood Yes
Equipment Included Yes

Building Details

Building Size 5,210 SF
Listing Agency: Keller Williams Indy Metro NE
Listed By: Jaswinder Samra · License #RB14042693
Source: Eveloteam
Added: Jul 21 Changed: Aug 29 Last Checked: Aug 29 at 7:48PM

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 Keller Williams Indy Metro NE

Investment Insights

Based on property information with market context.

This 5,210+/- SF commercial building occupies approximately 0.73 acres and is configured for hospitality use. The existing improvements include separate dining and bar areas, a commercial kitchen, hood system, walk-in coolers, and restaurant fixtures and equipment. The property is offered in AS-IS condition.

Ample parking serves the site, which is located at 1914 I Ave in New Castle, Indiana. The building sits directly across from a large Crown Equipment Corporation warehouse facility, placing it near an established employment center and supporting daytime business exposure.

The layout can accommodate continued restaurant or bar operations, as well as banquet, event, or hospitality uses identified in the property information.

Key Highlights

  • 5,210+/- SF commercial building on approximately 0.73 acres
  • Existing dining area, bar, commercial kitchen, hood system, and walk‑in coolers
  • Restaurant fixtures and equipment remain in place

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Restaurant Hair Salon

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
Commercial hood
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

186
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
6,689 visits/mo 0.4 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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant layout includes dining and bar areas, commercial kitchen, hood system, walk-in coolers, and existing fixtures.
Where is this conventional restaurant located?
The property is located at 1914 I Ave New Castle, IN.
What is the lease rate?
The lease rate is $3,900/Mo.
What are key features of this property?
This property features: 5,210+/- SF commercial building on approximately 0.73 acres; Existing dining area, bar, commercial kitchen, hood system, and walk‑in coolers; Restaurant fixtures and equipment remain in place
More about this property
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