Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
Courtesy of RE/MAX First Integrity, Susan Neal, Office: 765-529-2211
5 Baths
17,250 sqft

$2,600,000

221 N Memorial Drive, New Castle IN, 47362-4918

Price per sqft$150.72
Built in1947
Property size17,250 sqft
Property typeCommercial

Overview

Active

Updated 16h ago

PRIME COMMERCIAL OPPORTUNITY – NEARLY 10 ACRES IN A HIGH-VISIBILITY NEW CASTLE LOCATION! Exceptional opportunity to acquire approximately 9.78 acres of commercially zoned property near the heavily traveled intersection of State Roads 3 and 38 in New Castle, Indiana. This versatile property features an approximately 17,250-square-foot block building, offering expansive open interior space, designated office areas, and flexibility to accommodate a wide range of commercial uses. Currently operating as a gymnastics training facility, the building offers an adaptable layout with four existing overhead doors and the potential for additional overhead door installations. The property also features approximately 120 parking spaces, providing substantial on-site parking for customers, employees, or business operations. Zoned C-2, this property presents opportunities for commercial redevelopment, retail, recreational facilities, professional services, showroom space, or other business ventures, subject to applicable zoning and approvals. The generous acreage, substantial building footprint, extensive parking, and strategic location along New Castle's primary commercial corridor make this an attractive opportunity for investors, developers, and owner-users alike. Whether repurposing the existing building, expanding commercial operations, or exploring future development opportunities, this property offers exceptional flexibility and potential in a desirable commercial location.

Additional information

MLS® ID
202641847

Interior Features

Bathrooms
5
Heating
Yes
Basement
No

Exterior Features

Lot Size
9.79 Acres

Other Property Details

Taxes
$19,000
Tax Frequency
Annually
MLS provider logo

Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Deb Paton-Showley Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 10/11/2026. 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.

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by the MLS, and that the use of the MLS data may be subject to an end user license agreement prescribed by IRMLS as amended from time to time. 

©2026 Indiana Regional MLS. All rights reserved.

Data last updated 4:26 AM UTC, 10/11/2026

DMCA Notice

 

Powered by Luxury Presence