Updated Multi-Use Commercial
For Sale
Under Contract
$459,900
3116 W 5th Street, Bedford, IN 47421
COMMERCIAL - Bedford, IN
Property Size4,600 SF
Lot Size0.89 Acres
Price / SF$99.98
Days on Market308
Property Features for 3116 W 5th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Lot features
City
Directions
From Highway 37, head East on 5th St/Hwy 58. Property is approx. 0.75 of a mile on the Right.
Subdivision
Lawrence County
Standard status
Active Under Contract
APN
47-06-15-200-075.000-010
Lot size
0.89 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E Pt NW 15-5-1W (0.89A)
Tax Annual Amount
4616
Legal Description
E Pt NW 15-5-1W (0.89A)
Utilities
Cooling system
Central Air
Building Details
Year built
1985
Flooring type
Concrete, Carpet, Tile
Roof type
Metal
Listing Agency:
RE/MAX Acclaimed Properties · RE/MAX International
(812) 332-3001
Listed By:
Bobbi Powell · License #RB1402939
(812) 279-0607
Added: Oct 16, 2025
Changed: Aug 4
Last Checked: Aug 19 at 11:06AM
MLS# 202542044
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This updated multi-use commercial building offers over 4,600 square feet and can be arranged as a single larger space or divided into several smaller businesses. The exterior has been refreshed with newly painted trim and the property has recent repair and update work. Parking has been improved with sealed asphalt.
The building is located at 3116 W 5th Street in Bedford, Indiana, within Lawrence County. Past uses include a restaurant, a fitness center, and a car lot, giving the layout a history of accommodating a variety of commercial operations.
On-site configuration supports flexibility for a tenant looking to operate in one space or split the area for multiple functions, based on the building’s current size and divisibility described in the listing.
The building is located at 3116 W 5th Street in Bedford, Indiana, within Lawrence County. Past uses include a restaurant, a fitness center, and a car lot, giving the layout a history of accommodating a variety of commercial operations.
On-site configuration supports flexibility for a tenant looking to operate in one space or split the area for multiple functions, based on the building’s current size and divisibility described in the listing.
Key Highlights
- Over 4,600 sq ft commercial space with flexibility to stay as one unit or be divided for multiple businesses
- Updated exterior including recently painted trim plus recent repair/updates to the building
- Sealed asphalt parking and off‑street parking available
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
99k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Apparel 19%
Shops & Services 19%
Groceries 16%
Steak 'n Shake
Dining
19,045 visits/mo
0.5 miles
Dollar Tree
Shops & Services
16,825 visits/mo
0.4 miles
Aldi
Groceries
15,665 visits/mo
0.4 miles
Buffalo Wings & Rings
Dining
12,675 visits/mo
0.4 miles
Dunham's Sports
Apparel
11,366 visits/mo
0.5 miles
Demographics for 47421, IN
27,798
Population
13,112
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
184.4 sq mi
ZIP Area
151
Density / Sq Mi
$66,588
Median Household Income
$39,613
Median Earnings
$827
Median Rent
$165,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated exterior and sealed asphalt parking on a flexible building previously used as restaurant and fitness space.
Where is this conventional restaurant located?
The property is located at 3116 W 5th Street 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 4,600 sq ft commercial space with flexibility to stay as one unit or be divided for multiple businesses; Updated exterior including recently painted trim plus recent repair/updates to the building; Sealed asphalt parking and off‑street parking available
