Key facts
- Living area
- 11,628 sqft
- Lot
- 0.4 acres
- Year built
- 1900
- Type
- Commercial Sale · Mixed Use
- MLS #
- 22091600
- County
- Henry
- Total building area
- 11,628 sqft
About this home
Downtown New Castle opportunity with a major advantage: 1214 Broad Street is NOW OFFERED WITH AN EXISTING LIQUOR LICENSE, subject to Indiana Alcohol & Tobacco Commission approval and transfer requirements. Formerly Town Tavern, the main level retains its original bar and offers a strong start for a restaurant, bar, entertainment, or other qualifying hospitality concept. Improvements include a new roof, first-floor HVAC, updated storefront windows, and exterior doors. The attached parking lot adds convenience in the downtown corridor, while unfinished second and third floors create additional redevelopment potential, subject to zoning and approvals. For an entrepreneur seeking a recognizable location with existing bar infrastructure and an alcohol permit opportunity, this property stands apart!
Description provided by the listing brokerage.
Systems
- Utilities
Lot and HOA
- Zoning
- Mixed use
Schools
- Elementary school
- Parker Elementary School
- Middle school
- New Castle Middle School
- High school
- New Castle High School
- School district
- New Castle Community School Corp
Taxes
- Estimated annual tax
- $3,368 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2026
Estimate your monthly payment
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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