Historic Building with Income
512 P Street, Bedford, IN 47421
Retail - Bedford, IN
Type:Retail
Property size:
8,000 SFLot size:
0.41 AcresPrice / SF:
$26/SF- Added:
- Dec 30, 2025
- Days on Market:
- 140
- Last Refresh:
- May 19 at 10:06 pm
Property Features for 512 P Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Office, Residential, Apartments, Daycare
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Kitchen, Office
- 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
- Standard status
- Active
- APN
- 47-06-14-201-014.000-010
- Size
- 8,000 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4481.22
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
Listing agent Haley McLaughlin License #RB21002683 (812) 508-1710
Listing office The Real Estate Co. 1510 I Street, Bedford, IN (812) 797-1957
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.
HighLights
- ±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.
- Newer metal roof and sprinkler system installed.
- Basement with two sewage ejector pumps and two sump pits.
- Brand new furnace and recently serviced Lennox furnace.
Overview
This approximately 8,000 sq ft historic building offers exceptional income potential and the opportunity to be reimagined into virtually any vision, subject to zoning and municipal approvals. The property is located in a growing area with quick access to State Road 37 and close proximity to other businesses and residences. The building is currently zoned PR (Professional Residential) with a proprietary retail variance. The owner had plans to host an upscale vintage market and rent out booth space to sell vintage items. The seller’s business plan projects potential gross monthly income exceeding $6,000, plus an additional 5% of sales to the owner. The building could also be used as office space by building a drop ceiling and dividing walls to rent out office rooms. Apartments are another potential use. The building features a sprinkler system and a newer metal roof. The basement features 2 sewage pumps and 2 regular sump pits. Additionally, there is a new furnace and another that had been recently serviced. The lot size is 0.41 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Bedford
- County
- Lawrence
- State
- Indiana
- Longitude
- -86.49225
- Latitude
- 38.87365
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Solid historic building with exceptional income potential in growing area.
Where is this retail space located?
The property is located at 512 P Street Bedford, IN.
What is the asking price?
The asking price for this property is $215,000.
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.
