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Property profile & analytics

1709 Memorial Dr, Unit 1719 New Castle, IN 47362-1215

  • Commercial real estate
  • 76,904 SF
  • 7.40 lot acres
OFF-MARKET
Last Sale
Jan 18, 2023
Value Estimations
$770,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-0925204
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 1709 Memorial Dr

Year built
1964
Construction
WOOD
Lot size
7.40 lot acres
Property size
76,904 SF
Property type
Commercial real estate
APN
33-12-21-220-171.000-016
APU
331221220171000016

Description

This exceptional 10,000-square-foot retail space is situated in a thriving Henry County, Indiana shopping center at 1709 S Memorial Dr, New Castle, IN 47362. Built in 1975, this single-tenant property boasts a prime location with a 50-foot storefront and 200-foot depth, offering significant flexibility for various retail or restaurant concepts. The space features a wide-open front area, multiple offices, an IT room, an electrical room, and separate men's and women's restrooms, including ADA-compliant stalls. Ample customer parking is available, with additional space behind the building ideal for deliveries. The owner is open to expanding the rear area for additional parking if needed. Benefit from prominent signage opportunities on both the storefront and Memorial Drive, a major thoroughfare with nearly 23,000 cars passing daily. This property is part of a successful shopping center anchored by well-known tenants such as Harbor Freight Tools, Goodwill, Buffalo Wild Wings, and Family Dollar, ensuring high visibility and foot traffic. The surrounding area boasts a population of almost 18,000, with an average household income of $46,925, presenting a strong consumer base. The total building size is 75,576 square feet, with this 10,000 square foot space currently available. This presents a unique opportunity to establish a successful business in a high-demand location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $770,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
New Castle
County
Henry
State
Indiana
Longitude
-85.3859
Latitude
39.9153
CBSA code
35220
CBSA name
NEW CASTLE, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$39,357
$604,900
$707,000
$1,311,900
-
$604,900
$707,000
$1,311,900
More about this property
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