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Retail Space at Signalized Intersection
New
For Lease
$1,900/Mo

2113 S Memorial Drive, New Castle, IN 47362

COMMERCIAL FOR LEASE, New Castle, IN

Space Size3,764 SF
Lot Size1.47 Acres
Days on Market5

Property Features for 2113 S Memorial Drive

General Information

Property type Residential
Property subtype Retail
Parking features Off Street
Directions GPS Friendly
Subdivision Henry County
Standard status Active
APN 33-12-21-240-137.000-016
Lot size 1.47 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description PT E1/2 NE1/4 21-17-10 1.47A (150'X440' EX 17'X100')
Tax Annual Amount 11928
Legal Description PT E1/2 NE1/4 21-17-10 1.47A (150'X440' EX 17'X100')

Utilities

Cooling system Central Air

Building Details

Year built 1956
Flooring type Mixed
Roof type Metal
Listing Agency: F.C. Tucker/Crossroads Real Estate
Listed By: Cara Huffman · License #RB14039883
Added: Aug 24 Last Checked: Aug 28 at 7:06AM
MLS# 202634643

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 retail property at 2113 S Memorial Drive includes a multi-level commercial layout with a 1,320-square-foot showroom, a 372-square-foot private office with a viewing window, and a 570-square-foot back room for storage and order preparation. The upper level adds 1,500 square feet for inventory, equipment, or back-of-house functions. Central air, mixed flooring, a metal roof, and off-street parking are also in place.

The property sits at the signalized intersection of State Road 3 and Trojan Lane in New Castle, providing direct roadway exposure and straightforward access. Prominent street signage opportunities are available, and the site encompasses 1.47 acres. Built in 1956, the building offers a combination of customer-facing space and supporting operational areas for retail use.

Key Highlights

  • 1,320‑square‑foot showroom on the main level
  • 372‑square‑foot private office with viewing window
  • 570‑square‑foot back room for storage and order preparation

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Dental Office Pharmacy Big Box & Wholesale Store Real Estate Agency Auto Parts Store

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

NNN (Triple Net)
Lease Type
$0.91 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

313
Businesses Nearby
144k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 65% Shops & Services 21% Home Improvements & Furnishings 9% Apparel 4%
McDonald's Dining
33,647 visits/mo 0.5 miles
Taco Bell Dining
21,134 visits/mo 0.1 miles
Speedway Shops & Services
15,201 visits/mo 0.4 miles
Arby's Dining
11,679 visits/mo 0.3 miles
Shell Shops & Services
9,252 visits/mo 0.1 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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Frequently Asked Questions

What type of property is this?
Retail space - Flexible commercial layout with showroom, private office, storage area, upper-level space, off-street parking, and street signage opportunities.
Where is this retail space located?
The property is located at 2113 S Memorial Drive New Castle, IN.
What is the lease rate?
The lease rate is $1,900/Mo.
What are key features of this property?
This property features: 1,320‑square‑foot showroom on the main level; 372‑square‑foot private office with viewing window; 570‑square‑foot back room for storage and order preparation
More about this property
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