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3806 S State Road 3

New Castle, IN 47362

ActiveListed Sep 30, 2026 · 22 days on market

Key facts

Living area
1,380 sqft
Lot
2.09 acres
Year built
1936
Type
Commercial Sale · Mixed Use
MLS #
22128334
County
Henry
Total building area
1,380 sqft

About this home

Discover a rare opportunity to own a beautifully renovated farmhouse, established auto repair shop, and versatile mini-farm, all in one property. Conveniently located on State Road 3, just 2 miles North of I-70 and approximately 45 minutes from Downtown Indianapolis. This property offers excellent visibility, accessibility, and endless possibilities. This well maintained 2688 sq ft. farmhouse blends classic character with modern updates. The spacious L shaped kitchen and dining area create a welcoming gathering space, while the beautiful-wooded family room offers a cozy place to relax. The 3- season sunroom on back porch, overlooks the 16x32 inground pool, providing the perfect spot to enjoy the property throughout the seasons. For the business-minded buyer: the property included and established auto repair shop, with a 25-year history. The 30x46 sq ft bay shop features an office, above-ground car lift, and most of the equipment; providing a functional setup for continued operations. Additional improvements include a 4+ detached garage with a room for storage, etc. The property also includes 44x44 horse barn featuring 4 stalls, tack room, hayloft, and chicken coup. With excellent State Road 3 frontage and over 2 acres of land, the property offers a unique combination of residential comfort, business potential, and country-living appeal. Whether you're looking to establish your own operation, enjoy a private mini-farm, or simply take advantage of the property's exceptional location and improvements, this is one-of-a-kind property has endless possibilities!

Description provided by the listing brokerage.

Exterior

Parking and garage
DetachedGravelGarage Door OpenerGuest

Systems

Utilities
Electricity ConnectedNatural Gas Connected

Lot and HOA

Zoning
Residential

Schools

Elementary school
James Whitcomb Riley Elem School
Middle school
New Castle Middle School
High school
New Castle High School
School district
New Castle Community School Corp

Taxes

Estimated annual tax
$1,538 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,284per month, estimated
Principal and interest $2,016Property tax $128Insurance $140
20% · $79,980
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$399,900
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