
Agricultural & Residential Land for Sale in New Castle, Indiana
E State Road 38, New Castle, IN 47362
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
- County
- Henry County
- Zip code
- 47362
- School district
- New Castle Community School Corp.
- Elevation
- 1,065 feet
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
PT W1/2 NW1/4 13-17-10 15.11A, .79A & 10.21A (TOTAL 26.11A) PT SW1/4 12-17-10 9.19A PT W1/2 NW1/4 13-17-10 15A
Details and features
Listing
- Type
- Land
Lot
- Features
- 15+, Barn, City, Irregular, Pasture, Rural, Tillable, Undeveloped
Nearby schools
| Name | Type | District |
|---|---|---|
| Wilbur Wright | Elementary | New Castle Community School Corp. |
| New Castle | Middle | New Castle Community School Corp. |
| New Castle | High | New Castle Community School Corp. |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 3, 2026 | New listing | $449,900 | — | MEIN |











