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    512 P St Bedford, IN 47421

    Sponsored
    For Sale
    $290,000

    Retail - Bedford, IN

    Type:Retail
    Lot size:
    0.41 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 5 at 8:06 pm

    Property Features for 512 P St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    Office, Residential, Apartments, Daycare
    Rooms
    Bathroom 1, Bathroom 2, Kitchen, Office
    Bathrooms
    2
    APN
    47-06-14-201-014.000-010
    Parking
    20
    Parking features
    Paved or Surfaced
    Interior features
    Block, Concrete, Drywall, Other, Handicap Access
    Exterior features
    Fence, Handicap Access
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Ceiling, Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1947
    Floors in Building
    1
    Flooring type
    Carpet, Concrete, Wood
    Building materials
    Other, Stone
    Roof type
    Metal
    Architectural style
    Other

    The Real Estate Co. (812) 797-1957

    Listing agent Haley McLaughlin (812) 797-1957 License #RB21002683

    Listing date Dec 30, 2025

    MLS# 202549904 Listing URL

    Copyright © 2026 Bedford Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Building with Income Potential

    This approximately 8,000 sq ft historic building in Bedford, Indiana, presents a versatile opportunity for various business ventures. The solid structure, with a history of multiple uses, offers exceptional income potential and the chance to be reimagined to suit virtually any vision, subject to zoning and municipal approvals. The property is currently zoned PR (Professional Residential) with a proprietary retail variance. The building's features include a newer metal roof and a sprinkler system. The basement remains dry and odor-free due to two sewage pumps and two regular sump pits. A brand new furnace is located in the basement, along with another that was recently serviced. The location provides quick access to State Road 37 and is in close proximity to other businesses and residences in a growing area. The owner had plans for an upscale vintage market, renting booth space to vendors, with business plan projections indicating a potential gross monthly income exceeding $6,000, plus 5% of sales to the owner. The property could also be converted into office space or apartments. The 0.41-acre lot is located in Lawrence County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.492115
    Latitude
    38.873801

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    FAQs

    What type of property is this?
    Retail space - Versatile 8,000 sq ft building in booming Bedford, Indiana.
    Where is this retail space located?
    The property is located at 512 P St Bedford, IN.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: - ±8,000 sq ft historic building with exceptional income potential.; - Prime location with quick access to State Road 37 in a booming and growing area.; - Currently zoned PR (Professional Residential) with a Proprietary Retail Variance, offering diverse business possibilities.
    (812) 797-1957
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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
    512 P St Bedford, IN 47421
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