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Industrial Land with Barn
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2912 OUTER DR, New Castle, IN 47362

A sizeable tract with industrial zoning, an existing barn structure, and prior three-phase electrical service.

Property Size1,119 SF
Price / SF$125.02
Days on Market107

Property Features for 2912 OUTER DR

General Information

Standard status Active
Size 1,119 SF
Property subtype Industrial
Zoning Industrial

Building Details

Year Built 1961
Stories 1
Units 1
Listing Agency: Talk To Tucker
Listed By: Ben Crouch · License #IN-rb14047761
Source: Crexi
Added: May 18 Changed: Aug 30 Last Checked: Aug 30 at 9:17PM

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 Talk To Tucker

Investment Insights

Based on property information with market context.

This 5.99-acre industrial land parcel includes the former New Castle Sawmill site and an existing larger barn. The property dates to 1961, and the west portion of the barn appears salvageable. Three-phase power previously extended to the barns, providing relevant historical infrastructure context for future evaluation.

Located at 2912 Outer Dr in New Castle, Indiana, the tract sits on the edge of town. Industrial zoning supports the property's identified land-use classification. The existing improvements and prior sawmill use add physical context to the site, while any future plans should account for the current condition of the barn and previously installed electrical service.

Key Highlights

  • 5.99‑acre industrial land parcel
  • Industrial zoning
  • Former New Castle Sawmill site

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Auto Repair Shop Big Box & Wholesale Store Spa & Massage Center

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

39
Businesses Nearby

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Industrial land - A sizeable tract with industrial zoning, an existing barn structure, and prior three-phase electrical service.
Where is this industrial land located?
The property is located at 2912 OUTER DR New Castle, IN.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 5.99‑acre industrial land parcel; Industrial zoning; Former New Castle Sawmill site
More about this property
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