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Agricultural & Residential Land for Sale in New Castle, Indiana

E State Road 38, New Castle, IN 47362

$449,900
40.3 acres
Active sale
ago
Est $3,295/mo

Discover the opportunity to own approximately 40 acres of agricultural land on the east side of New Castle, offering a rare combination of open space, road frontage, accessibility, and development potential. The property features a beautiful old barn that adds character and charm while providing useful storage or potential for a variety of future uses. With road access from both 31st Street and E. State Rd. 38, this property offers excellent accessibility and flexibility. Whether you're looking for a private mini farm, a peaceful homestead, an investment property, or land with potential for future residential development or commercial activity, this property presents a multitude of possibilities. The acreage is currently planted in crops, which are expected to be harvested this fall. After harvest, the new owner will have the opportunity to envision and develop the property to suit their needs. Located just east of New Castle, this property combines the appeal of rural living with convenient access to town.

Location

Street address
E State Road 38
Zip code
47362
School district
New Castle Community School Corp.
Elevation
1,065 feet
Coordinates
39.9285, -85.3458

Directions

State Road 38 east from New Castle to 31st Street

Property details

Acreage
40.32 acres
MLS #
MEIN 202636402
Posted

Property taxes

2026
$2,916

Parcels

  • 33-12-13-000-116.000-015

Legal description

Details and features

Listing

Type
Land

Lot

Features
15+, Barn, City, Irregular, Pasture, Rural, Tillable, Undeveloped

Nearby schools

NameTypeDistrict
Wilbur WrightElementaryNew Castle Community School Corp.
New CastleMiddleNew Castle Community School Corp.
New CastleHighNew Castle Community School Corp.

Listing history

DateEventPriceChangeSource
Sept 3, 2026New listing$449,900MEIN
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This 40.32-acre property is located at E State Road 38 in New Castle, IN 47362. The land is available for sale, priced at $449,900 — $11,158 per acre.

Listed by F.C. Tucker/Crossroads Real Estate, (765) 521-9464

Checked 1 hour agoUpdated

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Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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