1416 Broad St

New Castle, IN 47362

$289,900
Price
—
Beds
—
Baths
30,240 Sq. Ft.
$10 / Sq. Ft.
30,240
Sq. Ft.
$10
per Sq. Ft.

Description

Landmark Commercial Property at 1416 Broad Street - 40,000+ Sq Ft of Opportunity. Welcome to 1416 Broad Street, a grand commercial structure that has long stood as a cornerstone of the Newcastle community. Originally home to Sears and Robuck, this impressive building boasts over 40,000 square feet of space-of which 27,000 square feet is currently laid out for office use. This is a rare opportunity to own a truly iconic property in the heart of town. Directly across from the bustling 1400 Plaza-one...Landmark Commercial Property at 1416 Broad Street - 40,000+ Sq Ft of Opportunity. Welcome to 1416 Broad Street, a grand commercial structure that has long stood as a cornerstone of the Newcastle community. Originally home to Sears and Robuck, this impressive building boasts over 40,000 square feet of space-of which 27,000 square feet is currently laid out for office use. This is a rare opportunity to own a truly iconic property in the heart of town. Directly across from the bustling 1400 Plaza-one of Newcastle's most frequented community hubs-this location benefits from steady visibility and foot traffic. Recent updates to the structure and roof, along with a complete interior clean-out, have revealed the full scope and potential of the space. With its solid construction, elevators, generous square footage, and prime location, the possibilities are endless-ideal for office suites, retail redevelopment, co-working spaces, or a mixed-use conversion. Now offered at a newly reduced price, this property is positioned to attract even the most discerning investors and entrepreneurs. Whether you're looking to restore a piece of Newcastle history or reimagine it for modern use, 1416 Broad Street offers the space, stature, and setting to bring your vision to life. Don't miss out on this rare chance to revive and reinvent a true community landmark.
  1. Listed by Michael McKown • F.C. Tucker/Crossroads

Property Details for 1416 Broad Street

Subdivision Name
No Subdivision
Township
Henry
Zoning
COMMERCIAL
LISTING UPDATED: 01/28/2026 05:01 PM

Property Details for 1416 Broad Street

StatusActive
MLS #21947082
Days on Market843
Taxes$894 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1900
Lot Size1.09 AC / 47,480 SF
CountyHenry County

Location

Listing Courtesy of F.C. Tucker/Crossroads
Add your commute

Building Information for 1416 Broad Street

Stories-Residences-Year Built1900Lot Size1.09 AC / 47,480 SF

Payment Calculator

$1,562 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,413

Property Taxes

$149

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1416 Broad Street

Summary
Location and General Information
  • City: New Castle
  • County Or Parish: Henry
  • Directions: 3 & 38, east on 38, property on left.
  • Postal Code: 47362
  • Road Frontage Type: State Road
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 331210440250000016
  • Semi Annual Property Tax Amt: 894
  • Tax Year: 2023
  • TaxLot: 6
School Information
  • School District: New Castle Community School Corp
Property
Lot Information
  • Acreage: 1-3 Acres
  • Current Use: Office, Vacant
  • Lot Size Square Feet: 10411.0
  • Lot Size Acres: 1.09
  • New Construction: False
  • Space Available: 30240
  • Sq Ft Total: 30240.0
  • Year Built Numeric: 1900
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: ORIG PLAT E 23' LOT 6 & W 40' LOT 7 BLK 8
  • Photos Count: 16
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Utilities
  • Utilities: Electricity Connected

Property History for 1416 Broad Street

DateEvent & SourcePriceAppreciation
Sep 16, 2025

Price Change

MIBORMLS #21947082

$289,900—
Oct 9, 2023

Listed (Active)

MIBORMLS #21947082

$299,900—
DateEvent & SourcePrice
09/16/2025

Price Change

MIBORMLS #21947082

$289,900
10/09/2023

Listed (Active)

MIBORMLS #21947082

$299,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1416 Broad Street

Taxable ValueLand$16,200Additions$47,200Total$63,400
Tax Record2024$1,902 ($158 / month)
Home Facts
Total Finished SqFt40,320 SqFtAbove Grade Finished SqFt40,320 SqFtStories4Lot Size10,411 SqFtStyleMiscellaneous CommercialYear Built1900CountyHENRYAPN33-12-10-440-250.000-016

Schools near 1416 Broad Street

This home is within New Castle Community Sch Corp.
Rating
School
Type
Grades
Distance
Wilbur Wright Elementary School
Public - PK to 6
New Castle Middle School
Public - 6 to 8
New Castle High School
Public - 9 to 12
Eastwood Elementary School
Public - PK to 6
Rating
School
Distance
Wilbur Wright Elementary School
PublicPK to 6

New Castle Middle School
Public6 to 8

New Castle High School
Public9 to 12

Eastwood Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1416 Broad Street, New Castle, IN 47362

1416 Broad Street is a mixed use property for sale in New Castle, IN 47362. This property was listed for sale on October 9, 2023 by F.C. Tucker/Crossroads, it's currently listed at $289,900. This listing's school district is New Castle Community Sch Corp. Nearby schools include Wilbur Wright Elementary School, New Castle Middle School and New Castle High School. 1416 Broad Street is a 0-bed, 0-bath, 30,240 sqft mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of F.C. Tucker/Crossroads

Based on information submitted to the MLS GRID as of 01/28/2026 05:01 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.