New Castle, IN 47362 1416 Broad Street

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Presented By: Mike McKown with F.C. Tucker/Crossroads Real Estate; Cell: 765-524-3018
  • MLS# 202336981
  • 10/09/2023
  • Get pre-approved
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  • Baths • 12
  • SQFT • 30,240

Home Details

Landmark Commercial Property at 1416 Broad Street – 40,000+ Sq Ft of Opportunity. Welcome to 1416 Broad Street, a grand commercial structure that has long stood as a cornerstone of the Newcastle community. Originally home to Sears and Robuck, this impressive building boasts over 40,000 square feet of space—of which 27,000 square feet is currently laid out for office use. This is a rare opportunity to own a truly iconic property in the heart of town. Directly across from the bustling 1400 Plaza—one of Newcastle’s most frequented community hubs—this location benefits from steady visibility and foot traffic. Recent updates to the structure and roof, along with a complete interior clean-out, have revealed the full scope and potential of the space. With its solid construction, elevators, generous square footage, and prime location, the possibilities are endless—ideal for office suites, retail redevelopment, co-working spaces, or a mixed-use conversion. Now offered at a newly reduced price, this property is positioned to attract even the most discerning investors and entrepreneurs. Whether you’re looking to restore a piece of Newcastle history or reimagine it for modern use, 1416 Broad Street offers the space, stature, and setting to bring your vision to life. Don’t miss out on this rare chance to revive and reinvent a true community landmark.
Presented By: Mike McKown with F.C. Tucker/Crossroads Real Estate; Cell: 765-524-3018

Interior Features for 1416 Broad Street

Other Interior Features

Basement Y/NYes
Burglar Alarm Y/NNo
Interior Height11'11
Smoke/Fire Alarm Y/NNo
Water Heater Y/NYes
FIRE PROTECTIONCity
Equipment Y/NNo
Basement/FoundationFull Basement
FlooringCarpet, Concrete, Vinyl, Stone
WallsBlock, Drywall

General for 1416 Broad Street

# of Buildings1
Age125
Agent First NameMike
Agent Last NameMcKown
Annual Taxes1788
AreaHenry County
Associated Document Count1
Auction Y/NNo
Bathrooms12
Ceiling Height9'4
CityNew Castle
ClassCOMMERCIAL
CoolingCentral Air
DOM708
FIPS Code18065
HeatingGas
Inside City LimitsYes
Legal DescriptionORIG PLAT E 23' LOT 6 & W 40' LOT 7 BLK 8 ORIG PLAT PT LOTS 7 & 8 BLK 8 ORIG PLAT E1/2 LOT 8 BLK 8 APPROXIMATELY .517 ACRES OF 1410 FLEMING ST NEW CASTLE, IN 47362 ORIG PLAT LOTS 1, 2, & 3 BLK 8 TO B
ModificationTimestamp2025-09-16T18:16:16.7
New ConstructionNo
ParkingYes
ParkingLot
REONo
RoofRubber
SewerCity
Special FeaturesFreight Elevator, Passenger Elevator, Basement, Display Room, Display Window(s), Office Space, Public Restrooms
StatusActive
StatusPrice Change
Status Detail2
Stories Count4
SubdivisionNone
Tax Year2023
TownshipHenry
TypeOther/Unknown
Virtual TourClick here
Year Built1900

Exterior for 1416 Broad Street

Approx. Lot Size Acres1.095
Construction Type 1CONCRETE COLUMN, STEEL TRUSSES
ExteriorBrick, Stone
Ingress/EgressAsphalt
Lot Dimensions163 x 292
Lot Size Area47698
Parking Typelot
Road AccessCity
Security Light Y/NNo
Sprinkler System Y/NYes
Water Softener Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Ryan Orr

Associate
Price $289,900
MLS#202336981
List Date 10/09/2023
Property Type Commercial
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