Historic District Mixed-Use
For Sale
$299,000
208 South Main Street, New Castle, IN 47362
Leased retail and residential spaces share a building with an on-site parking lot.
Property Size6,970 SF
Price / SF$42.90
Days on Market382
Property Features for 208 South Main Street
General Information
Standard status
Active
Size
6,970 SF
Property subtype
Commercial / Mixed Use
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$4,011
Amenities
Central Air
2
Yes
Carpet, Laminate, Vinyl
Gas, Forced Air
Full Basement
Aluminum, Brick
Rubber
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX First Integrity
(765) 524-3217
Listed By:
Jody Reichart · License #RB14041625
(765) 524-3217
Source:
Compass
Added: Aug 16, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:43PM
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 First Integrity
Investment Insights
Based on property information with market context.
Built in 1900, this 6,970-square-foot mixed-use property combines a main-level retail area with two residential apartments: one studio and one two-bedroom unit. The building also includes a full basement, central air, and a newer HVAC system installed in 2024. The retail business operating in the space is not included in the sale.
The property is at 208 South Main Street in New Castle’s Historic District, where applicable restrictions govern future changes and use. All three occupied components—the retail area, studio apartment, and two-bedroom apartment—are currently leased. An on-site parking lot provides dedicated parking for the property.
The property is at 208 South Main Street in New Castle’s Historic District, where applicable restrictions govern future changes and use. All three occupied components—the retail area, studio apartment, and two-bedroom apartment—are currently leased. An on-site parking lot provides dedicated parking for the property.
Key Highlights
- 6,970‑square‑foot mixed‑use building constructed in 1900
- Main‑floor retail area plus studio and 2 BR apartments
- Retail space and both apartments are currently leased
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Leased retail and residential spaces share a building with an on-site parking lot.
Where is this mixed-use property located?
The property is located at 208 South Main Street New Castle, IN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 6,970‑square‑foot mixed‑use building constructed in 1900; Main‑floor retail area plus studio and 2 BR apartments; Retail space and both apartments are currently leased
