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0 N State Road 3

New Castle, IN 47362

ActiveListed Apr 3, 2025 · 408 days on market

Key facts

Lot
44.356 acres
Type
Land · Farm
MLS #
22030601
County
Henry
Subdivision
No Subdivision

About this home

This 44+/- acre property offers a prime location with significant potential for commercial development. Featuring a large amount of frontage along State Road 3, along with convenient rail access, this parcel is perfectly situated for a variety of business ventures. Previously part of a large farming operation, the land is surrounded by other commercial enterprises, making it an ideal candidate for similar development. The property is well-equipped for future use, with high-pressure gas lines and a nearby substation providing ample power to support any commercial or industrial operations. This rare opportunity combines accessibility, utilities, and location, offering an excellent foundation for your next enterprise. Don't miss your chance to secure this exceptional piece of real estate in central Indiana.

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Sewer
See Remarks

Lot and HOA

Lot features
Not In SubdivisionSee Remarks
Zoning
Agricultural

Schools

School district
Blue River Valley Schools

Taxes

Estimated annual tax
$1,428 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$4,970per month, estimated
Principal and interest $4,536Property tax $119Insurance $315
20% · $179,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$899,900
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