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Listed by RE/MAX First Integrity
$263,000
Est. payment /mo
3.97 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID IRM202607720
HOA Y/N No
Annual Tax Amount $3,607
Tax Year 2025
Lot Size 3.970 Acres
Acres 3.97
Lot Dimensions 3.97
Property Sub-Type Commercial Land
Property Description
Commercial Development Opportunity - Northfield Complex | Emerson Ave | New Castle, Indiana Positioned within one of New Castle's most active and established mixed-use corridors, this 4-acre corner parcel offers a premier development opportunity inside the Northfield Complex on Emerson Avenue. Surrounded by complementary commercial, medical, and residential growth, the site is ideally suited for a wide range of commercial or multi-family development concepts. The property features approximately 400 feet by 460 feet of frontage on a highly visible corner location, providing excellent access, layout flexibility, and strong development presence. The level topography allows for efficient site planning and reduced preparation costs, while all utilities are readily available at or near the site, supporting immediate development potential. Located just off State Road 3 with convenient connectivity to State Road 38, State Road 36, Interstate 70, and downtown New Castle, the property benefits from regional accessibility while remaining anchored within a growing local hub. The surrounding Northfield Complex includes a hospital campus, YMCA, medical offices, and professional service users, creating consistent traffic flow and built-in demand drivers. A newly developed upscale residential subdivision featuring over 80 homes further strengthens the area's growth trajectory and supports future commercial and service expansion. Currently zoned C-2, the parcel allows for a variety of permitted uses including multi-family residential, retail, medical office, restaurant, and service-oriented development. Additional adjoining land may be available, presenting a scalable opportunity for larger projects or phased expansion. This offering represents a rare opportunity to secure a strategically located, development-ready site within an established and expanding commercial site in Henry County.
Location
State IN
County Henry County
Interior
Fireplace N
Exterior
Parking Features None
Fence None
View Y/N true
Building
Sewer City, Available
Water City, Available
Schools
Elementary Schools Wilbur Wright
Middle Schools New Castle
High Schools New Castle
School District New Castle Community School Corp.
Others
Pets Allowed No
Tax ID 33-12-10-320-109.000-017
Acceptable Financing IRM202607720
Listing Terms IRM202607720
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202607720
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IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
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