321 S Main St

New Castle, IN 47362

$825,000
Price
—
Beds
—
Baths
4,138 Sq. Ft.
$199 / Sq. Ft.
4,138
Sq. Ft.
$199
per Sq. Ft.
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Description

Historic presence, bold scale, and the kind of opportunity that rarely comes along, this standout New Castle property delivers it all. Built in 1847 by Mason Livezey for the Eli Murphy family, this two-story structure offers over 4,100 square feet and sits on a hard to find 0.75 acre lot right in the heart of town. From the moment you arrive, the architectural character makes an impression-timeless, substantial, and ready for its next chapter. The heavy lifting has already been done, giving you a...Historic presence, bold scale, and the kind of opportunity that rarely comes along, this standout New Castle property delivers it all. Built in 1847 by Mason Livezey for the Eli Murphy family, this two-story structure offers over 4,100 square feet and sits on a hard to find 0.75 acre lot right in the heart of town. From the moment you arrive, the architectural character makes an impression-timeless, substantial, and ready for its next chapter. The heavy lifting has already been done, giving you a strong head start. All five chimneys have been completely rebuilt, a new roof with slate look shingles adds both durability and style, and fresh interior and exterior paint create a clean, refreshed feel throughout. New flooring has been installed, along with new shutters and soffit, while the columns have been reworked to ensure long-term structural integrity, preserving the look while strengthening the foundation for what comes next. And then there's the feature that truly sets this property apart, its dedicated parking lot. In a downtown setting where parking is often limited, this is a rare and valuable asset that adds everyday convenience and long-term appeal. With its size, history, and extensive updates already in place, this property offers the kind of flexibility and presence that invites creativity. Whether you're envisioning a residential restoration, a business venture, or a blend of both, this is a space with stories behind it, and plenty more waiting to be written.
  1. Listed by Krista Gibson • RE/MAX First Integrity

Property Details for 321 South Main Street

Township
Henry
Zoning
offices
LISTING UPDATED: 03/27/2026 09:41 AM

Property Details for 321 South Main Street

StatusActive
MLS #22091564
Days on Market14
Taxes$1,890 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built1847
Lot Size0.75 AC / 32,670 SF
CountyHenry County
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Location

Listing Courtesy of RE/MAX First Integrity
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Building Information for 321 South Main Street

Stories2Residences-Year Built1847Lot Size0.75 AC / 32,670 SF

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$4,469 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,154

Property Taxes

$315

HOA Dues

$0

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Property Information for 321 South Main Street

Summary
Location and General Information
  • City: New Castle
  • County Or Parish: Henry
  • Directions: GPS Friendly
  • Postal Code: 47362
  • Postal Code Plus4: 4218
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 331215210179000016
  • Semi Annual Property Tax Amt: 1890
  • Tax Year: 2025
  • TaxLot: 1-3
  • Tax Block: 19
School Information
  • Elementary School: Parker Elementary School
  • Middle Or Junior School: New Castle Middle School
  • School District: New Castle Community School Corp
Property
Lot Information
  • Acreage: 1/2-1 Acre
  • Current Use: Vacant
  • Lot Size Square Feet: 32583.0
  • Lot Size Acres: 0.75
  • New Construction: False
  • Stories: 2
  • Space Available: 4138
  • Sq Ft Total: 4138.0
  • Year Built Numeric: 1847
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: Orig Plat Lots 1, 2 & 3 Blk 19
  • Photos Count: 28
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Utilities
  • Utilities: Natural Gas Available

Property History for 321 South Main Street

DateEvent & SourcePriceAppreciation
Apr 2, 2026

Temporarily Off Market

Indiana Regional MLS #202610186

—
Mar 26, 2026

Listed (Active)

Indiana Regional MLS #202610186

$825,000—
Mar 26, 2026

Listed (Active)

MIBORMLS #22091564

$825,000—
Apr 21, 2025

Sold (Public Record)

Public Record #1559139777

$150,500—
Dec 29, 2023

Sold (Public Record)

Public Record #1525703755

$150,500—
DateEvent & SourcePrice
04/02/2026

Temporarily Off Market

Indiana Regional MLS #202610186

—
03/26/2026

Listed (Active)

Indiana Regional MLS #202610186

$825,000
03/26/2026

Listed (Active)

MIBORMLS #22091564

$825,000
04/21/2025

Sold (Public Record)

Public Record #1559139777

$150,500
12/29/2023

Sold (Public Record)

Public Record #1525703755

$150,500

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

Public Records for 321 South Main Street

Taxable ValueLand$25,400Additions$155,700Total$181,100
Tax Record2024$2,197 ($183 / month)
Home Facts
Beds0Baths3Total Finished SqFt4,138 SqFtAbove Grade Finished SqFt4,138 SqFtStories2Lot Size32,583 SqFtStyleSingle Family ResidenceYear Built1950CountyHENRYAPN33-12-15-210-179.000-016Fireplace TypeHas Fireplace

Schools near 321 South Main Street

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

New Castle Middle School
Public6 to 8

New Castle High School
Public9 to 12

Wilbur Wright 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 321 South Main Street, New Castle, IN 47362

321 South Main Street is a mixed use property for sale in New Castle, IN 47362. This property was listed for sale on March 26, 2026 by RE/MAX First Integrity, it's currently listed at $825,000. It has been on the market for a total of 14 days and was last sold on April 21, 2025. This listing's school district is New Castle Community Sch Corp. Nearby schools include Eastwood Elementary School, New Castle Middle School and New Castle High School. 321 South Main Street is a 0-bed, 0-bath, 4,138 sqft mixed use property built in 1847.

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 RE/MAX First Integrity

Based on information submitted to the MLS GRID as of 03/27/2026 09:41 AM. 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.