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    3116 W 5Th St Bedford, IN 47421

    New
    For Sale
    $459,900

    Mixed Use, Vacant - Bedford, IN

    Type:Mixed Use
    Lot size:
    0.89 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 3116 W 5Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Kitchen, Office
    Bathrooms
    3
    APN
    47-06-15-200-075.000-010
    Parking
    50
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Drywall, 440 Volts, Handicap Access, Office Space
    Exterior features
    440 Volts, Handicap Access, Office Space
    Accessibility
    Accessible Approach with Ramp
    Lot size
    0.89 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Floors in Building
    1
    Flooring type
    Carpet, Concrete, Tile
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    RE/MAX Acclaimed Properties (812) 332-3001 [email protected]

    Listing agent Bobbi Powell (812) 332-3001 License #RB1402939

    Listing date Dec 4, 2025

    MLS# 202542044 Listing URL

    Copyright © 2025 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Building in Bedford

    This commercial building, located in Bedford, IN, offers over 4600 sq ft of space that can be adapted for various business needs. The property, situated on a 0.89-acre lot, has been updated with a recently painted exterior trim and sealed asphalt parking. The flexible space could be divided into several smaller businesses or remain as one large area. The building has been previously used as a restaurant, fitness center, and car lot. Recent repairs and updates enhance its appeal as a prime investment opportunity for a growing business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.513039
    Latitude
    38.872205

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    FAQs

    What type of property is this?
    Retail property - Updated commercial building with flexible space and prime investment potential.
    Where is this retail property located?
    The property is located at 3116 W 5Th St Bedford, IN.
    What is the asking price?
    The asking price for this property is $459,900.
    What are key features of this property?
    This property features: - Over 4600 sq ft of flexible space suitable for various businesses; - Updated exterior with recent paint and sealed asphalt parking; - Handicap accessible with ramp and handicap access features
    (812) 332-3001
    Request Owner's contact information
    3116 W 5Th St Bedford, IN 47421
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    Bedford, IN 47421
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3116 W 5Th St Bedford, IN 47421
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