306 W Main St

New Castle, IN 47362

$349,900
Price
Beds
0.5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This rare opportunity in Mount Summit offers over 7,200 square feet of versatile space—perfect for entrepreneurs, artisans, or anyone looking to live and work under one roof. Located directly on high-traffic Highway 36, this well-maintained commercial property currently operates as a successful furniture store and manufacturing facility. The building includes a spacious manufacturing area with garage access, multiple showrooms, and large street-facing display windows ideal for retail visibility....This rare opportunity in Mount Summit offers over 7,200 square feet of versatile space—perfect for entrepreneurs, artisans, or anyone looking to live and work under one roof. Located directly on high-traffic Highway 36, this well-maintained commercial property currently operates as a successful furniture store and manufacturing facility. The building includes a spacious manufacturing area with garage access, multiple showrooms, and large street-facing display windows ideal for retail visibility. Inside, the property is equipped with three furnaces and central air, ensuring year-round comfort across the various workspaces. Adding to its unique appeal is the attached 3-bedroom, 1-bath living quarters, allowing for convenient on-site living or additional rental income potential. Recent upgrades include a new rubber membrane roof coated with advanced spray foam for added durability and energy efficiency. The seller is also open to including machinery, raw materials, and inventory, offering a turnkey business opportunity for woodworkers, furniture makers, or other creative ventures. Whether you’re expanding your current business or launching a new enterprise, this property offers the space, location, and flexibility to build your own business empire.
  1. Listed by Mike McKown • F.C. Tucker/Crossroads Real Estate

Property Details for 306 West Main Street

Subdivision
None
Waterfront
No
LISTING UPDATED: 05/06/2025 08:26 PM

Property Details for 306 West Main Street

StatusActive
MLS #202516201
Days on Market63
Taxes$2,085 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built1950
Lot Size0.59 AC / 25,700 SF
CountyHenry County

Location

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

Building Information for 306 West Main Street

Stories1Residences-Year Built1950Lot Size0.59 AC / 25,700 SF

Payment Calculator

$2,007 per month

30 year fixed, 6.845% Interest

Principal and Interest

$1,833

Property Taxes

$174

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 306 West Main Street

Summary
Location and General Information
  • Area: Henry County
  • City: Mount Summit
  • Zip Code: 47361
  • State: IN
  • Township: Prairie
  • Geo Latitude: 40
  • Geo Longitude: -85
  • Road Access: State
  • Fips Code: 18065
  • Directions To Property: GPS Friendly
  • Location: Commercial
Taxes and HOA
  • Assessed Value $: $85,100.00
  • Annual Taxes: $2,085
  • Year Taxes Payable: 2025
  • Parcel Number Id: 33-07-16-440-403.000-022
Parking
  • Number Of Parking Spaces: 35
  • Parking: Garage, Gravel, Off-Street, Private
Property
Lot Information
  • Class: COMMERCIAL
  • Property Subtype: Mixed Use
  • Approx Lot Size Acres: 0.59
  • Lot Dimensions: 195X132
  • Approx Lot Size Sqft: 25700.0
Property and Assessments
  • New Construction: No
  • Year Built: 1950
  • Age: 75
  • Documents Available: Aerial Photo, Deed Restrictions, Easements, Income/Expenses, Legal Description, Owners Statement, Utility Bill Information
  • Planned Unit Development: No
  • Special Assessments: None
Green Features
  • Exemptions: No Exemptions
Utilities
  • Cable Company: AT&T
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Driveway: Gravel
  • Exterior: Concrete, Masonry, Vinyl, Wood
  • Platted: Yes
  • Road Surface: Asphalt
  • Roof Material: Other, Rubber
Interior Features
  • Basement: Yes
  • Basement/Foundation: Partial Basement
  • Cooling: Central Air
  • Flooring: Carpet, Laminate, Vinyl, Vinyl Tile
  • Heating/Fuel: Gas, Forced Air
  • Stories: 1
Multi Family
Multi-Family Information
  • Number of Buildings: 1

Property History for 306 West Main Street

DateEvent & SourcePriceAppreciation
May 6, 2025

Listed (Active)

Indiana Regional MLS #202516201

$349,900
Aug 31, 2017

Sold (Public Record)

Public Record #1272714291

$15,000
DateEvent & SourcePrice
05/06/2025

Listed (Active)

Indiana Regional MLS #202516201

$349,900
08/31/2017

Sold (Public Record)

Public Record #1272714291

$15,000

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

Public Records for 306 West Main Street

Taxable ValueLand$24,500Additions$108,300Total$132,800
Tax Record2024$1,328 ($111 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,918 SqFtAbove Grade Finished SqFt1,918 SqFtStories2Lot Size42,950 SqFtStyleSingle Family ResidenceYear Built1938CountyHENRYAPN33-03-33-430-436.000-023Fireplace TypeHas Fireplace

Schools near 306 West Main Street

This home is within Blue River Valley Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Blue River Valley Elementary School
PublicPK to 6

Blue River Valley Jr-Sr High School
Public7 to 12

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.

Similar Homes

Similar Sold Homes

306 West Main Street is a mixed use property for sale in New Castle, IN 47362. This property was listed for sale on May 6, 2025 by F.C. Tucker/Crossroads Real Estate, it's currently listed at $349,900. It has been on the market for a total of 63 days and was last sold on August 31, 2017. This listing's school district is Blue River Valley Schools. Nearby schools include Blue River Valley Elementary School and Blue River Valley Jr-Sr High School. 306 West Main Street is a 0-bed, 0-bath, mixed use property built in 1950.

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 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 Real Estate

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.