Restaurant Building with Commercial
For Lease
$3,900/Mo
1914 I Avenue, New Castle, IN 47362
Commercial Lease, New Castle, IN
Space Size5,210 SF
Lot Size0.73 Acres
Days on Market94
Property Features for 1914 I Avenue
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
Commercial
Elementary school district
New Castle Community School Corp
Middle school district
New Castle Community School Corp
High school district
New Castle Community School Corp
Directions
GPS Friendly
Subdivision
3307 - Henry - Henry
Standard status
Active
APN
331214340122000016
Lot size
0.73 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
First Industrial Add Lots 421-426 Consv
Legal Description
First Industrial Add Lots 421-426 Consv
Listing Agency:
Keller Williams Indy Metro NE · Keller Williams Realty
(317) 564-7100
Listed By:
Jaswinder Samra · License #RB14042693
(317) 564-7100
Added: May 27
Changed: Aug 20
Last Checked: Aug 28 at 8:06AM
MLS# 22104297
Copyright © 2026 MIBOR Service Corporation. 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 5,210+/- SF restaurant property occupies approximately 0.73 acres and is offered in AS-IS condition. The existing layout includes dining and bar areas, a commercial kitchen, hood system, walk-in coolers, and restaurant fixtures and equipment. The floor plan also supports banquet, event, and hospitality-oriented configurations, subject to applicable requirements.
The property is located at 1914 I Avenue in New Castle, Indiana, directly across from a Crown Equipment Corporation warehouse facility. Ample parking and the existing hospitality infrastructure provide a foundation for continued restaurant use or a related commercial concept. Commercial zoning is identified for the property.
The property is located at 1914 I Avenue in New Castle, Indiana, directly across from a Crown Equipment Corporation warehouse facility. Ample parking and the existing hospitality infrastructure provide a foundation for continued restaurant use or a related commercial concept. Commercial zoning is identified for the property.
Key Highlights
- 5,210+/- SF restaurant building on approximately 0.73 acres
- Commercial kitchen with hood system and walk‑in coolers
- Existing dining area, bar space, fixtures, and restaurant equipment
Property Analytics
Property Profile
Current Use
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
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial restaurant property with dining, bar, kitchen, and event-oriented spaces in an adaptable building.
Where is this conventional restaurant located?
The property is located at 1914 I Avenue 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 restaurant building on approximately 0.73 acres; Commercial kitchen with hood system and walk‑in coolers; Existing dining area, bar space, fixtures, and restaurant equipment
