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321 S Main Street

Mixed Use • 179Y Old
$675,000 Listed 6 months ago
0.75 Acres
Basement
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Property Description

Historic presence, bold scale, and the kind of opportunity that rarely comes along, this standout New Castle property delivers it all. Built in 1847 by Mason Livezey for the Eli Murphy family, this two-story structure offers over 4,100 square feet and sits on a hard to find 0.75 acre lot right in the heart of town. From the moment you arrive, the architectural character makes an impression-timeless, substantial, and ready for its next chapter. The heavy lifting has already been done, giving you a strong head start. All five chimneys have been completely rebuilt, a new roof with slate look shingles adds both durability and style, and fresh interior and exterior paint create a clean, refreshed feel throughout. New flooring has been installed, along with new shutters and soffit, while the columns have been reworked to ensure long-term structural integrity, preserving the look while strengthening the foundation for what comes next. And then there’s the feature that truly sets this property apart, its dedicated parking lot. In a downtown setting where parking is often limited, this is a rare and valuable asset that adds everyday convenience and long-term appeal. With its size, history, and extensive updates already in place, this property offers the kind of flexibility and presence that invites creativity. Whether you're envisioning a residential restoration, a business venture, or a blend of both, this is a space with stories behind it, and plenty more waiting to be written.

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Property
MLS # 202610186
Date Listed 2026-03-26
Status Back on Market
Property Type Commercial
Property SubType Mixed Use
New Construction No
Type Mixed Use
Basement Yes
Annual Taxes $3,781.66
Year Taxes Payable 2026
Year Built 1847
Virtual Tour propertypanorama.com »
Days on Market 192
Homestead Year No
Room Dimensions
Den 1 × 4138 Level
Master Bedroom 2377 × 4138 Level
3rd Bedroom 4 × 2 Level
External Features
Construction Mixed Use
Lot Size 32,583 sq ft
Acreage 0.75 Acres
Lot Dimensions 132X247
Fence None
Location
Area Henry County
County Henry
Subdivision None
Township Henry
City New Castle
State IN
Zip 47362
Financial
Assoc. Dues $0.00
Contact

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MLS# 202610186
Listing Provided Courtesy of Krista Gibson
RE/MAX First Integrity
Cell: 765-524-4013

Listing updated October 2, 2026 at 10:15 am
Last checked 15 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.