221 N Memorial Drive

New Castle, IN

$2,600,000

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

New Castle, IN 47362-4918

MLS# IRM202641847

Listed today

0 Beds
5 Baths

About this home

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 two 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.

Property Details

Type
Commercial
Year Built
1947
Lot Size
9.79 acres
Listed
today
County
Henry County
Listing Office
RE/MAX First Integrity

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Estimate principal and interest for this listing.

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$520,000

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Estimated monthly payment

$13,147/mo

Principal & interest
$13,147
Loan amount
$2,080,000

Estimate only — not MLS listing data. Does not include taxes, insurance, or other costs. Rates change daily.

Listed by RE/MAX First Integrity.

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IDX information is provided exclusively for consumers' personal, non-commercial 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 accurate by the Broker Listing Cooperative® listing service.

Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID

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 MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the Broker Listing Cooperative listing service as of October 8, 2026 at 9:16 PM EDT. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.

Based on information submitted to the MLS GRID as of October 8, 2026 at 9:16 PM EDT. 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.