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1332 Broad Street

New Castle, IN 47362

ActiveListed Sep 17, 2026 · 1 day on market

Key facts

Living area
5,828 sqft
Lot
0.09 acres
Year built
1900
Type
Commercial Sale · Business
MLS #
22126178
County
Henry
Total building area
5,828 sqft

About this home

Prime Downtown Commercial Opportunity - 1332 Broad Street Discover an exceptional opportunity in the heart of downtown at 1332 Broad Street, featuring approximately 3,800+/- square feet of main-floor commercial space with additional upstairs space offering excellent potential for remodeling, expansion, or residential use. This versatile storefront property has a rich commercial history, having previously operated as a shoe store with upstairs offices and later as an office supply business. Its prominent location directly on State Road 38 (Broad Street) provides exceptional visibility and a high traffic count, putting your business right in the center of downtown activity. The main floor offers an open and flexible layout suitable for a wide variety of businesses, while the upstairs area provides valuable additional space that could be renovated for offices, additional commercial use, or residential applications. Approximately 3,800+/- square feet of main-floor space Additional upstairs space with expansion/remodeling potential Two large storefront display windows providing excellent visibility High-traffic location directly on State Road 38 Located in the heart of downtown High-efficiency boiler heat Central air conditioning Flexible commercial and potential residential applications Strong opportunity for an owner-occupant, investor, or business looking to establish a prominent downtown presence With its historic commercial use, substantial square footage, excellent visibility, and adaptable upstairs space, 1332 Broad Street is an exciting opportunity to bring your business vision to life and grow in the heart of downtown.

Description provided by the listing brokerage.

Exterior

Roof
FlatMembraneRubber

Systems

Heating
Natural GasRadiant
Cooling
Central Air
Utilities
Electricity ConnectedNatural Gas AvailableSewer ConnectedWater Connected

Lot and HOA

Zoning
commercial

Schools

Middle school
New Castle Middle School
High school
New Castle High School
School district
New Castle Community School Corp

Taxes

Estimated annual tax
$2,312 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,405per month, estimated
Principal and interest $1,134Property tax $193Insurance $79
20% · $44,980
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$224,900
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