Commercial Land with Rail
For Sale
$899,900
N State Road 3, New Castle, IN 47362
LOTS AND LAND, New Castle, IN
Property SizeContact for details
Lot Size44.35 Acres
Days on Market160
Property Features for N State Road 3
General Information
Property type
Land
Property subtype
Other
Zoning description
Agriculture
Lot features
Level, Undeveloped, Tillable, 15+
Elementary school
Blue River Valley
Middle school
Blue River Valley
High school
Blue River Valley
Elementary school district
Blue River Valley Schools
Middle school district
Blue River Valley Schools
High school district
Blue River Valley Schools
Directions
From SR 3/38, north on SR 3 about 5 miles, past railroad tracks. This property is located between New Castle and Mount Summit.
Subdivision
Henry County
Standard status
Active
APN
33-07-27-000-111.001-021
Lot size
44.35 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PT W1/2 NW1/4 27-18-10 49.634A
Tax Annual Amount
1438
Legal Description
PT W1/2 NW1/4 27-18-10 49.634A
Listing Agency:
F.C. Tucker/Crossroads Real Estate
(765) 521-9464
Listed By:
Mike McKown
(765) 524-3018
Added: May 11
Changed: Sep 2
Last Checked: Oct 17 at 8:06AM
MLS# 202617664
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.
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Investment Insights
Based on property information with market context.
This 44.35-acre commercial land parcel is located on N State Road 3 in New Castle, Indiana. The property was previously part of a farming operation and is surrounded by other commercial enterprises.
The site includes frontage along State Road 3 and access to rail service. High-pressure gas lines are present, with a nearby substation providing additional utility infrastructure. Its combination of acreage, roadway exposure, rail access, and surrounding commercial activity supports consideration for commercial or industrial development, subject to applicable approvals and site requirements.
The site includes frontage along State Road 3 and access to rail service. High-pressure gas lines are present, with a nearby substation providing additional utility infrastructure. Its combination of acreage, roadway exposure, rail access, and surrounding commercial activity supports consideration for commercial or industrial development, subject to applicable approvals and site requirements.
Key Highlights
- 44.35‑acre commercial land parcel
- Frontage along State Road 3
- Rail access available
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
10
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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial parcel with State Road 3 frontage, rail access, and nearby utility infrastructure.
Where is this commercial land located?
The property is located at N State Road 3 New Castle, IN.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 44.35‑acre commercial land parcel; Frontage along State Road 3; Rail access available
