Mixed-Use Building with
For Sale
$699,000
1001 15th St, Bedford, IN 47421
The property combines multiple commercial suites with two residential apartments in a fully occupied downtown building.
Property Size4,834 SF
Price / SF$144.60
Days on Market14
Property Features for 1001 15th St
General Information
Standard status
Active
Size
4,834 SF
Occupancy
100%
Additional Details
Cap Rate
8.6%
Corner Location
Yes
Multifamily Units
2
Building Details
Year Built
1900
Year Renovated
2024
Buildings
1
Tenancy
Multi
Listing Agency:
Showcase Indiana Real Estate
(812) 650-0000
Listed By:
Esteban Flores · License #RB23000248
Source:
Kmsrealestategroup
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 29 at 2:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Showcase Indiana Real Estate
Investment Insights
Based on property information with market context.
Located at 1001 15th St in Bedford, Indiana, this 4,834-square-foot mixed-use building dates to 1900 and contains three commercial suites alongside two residential apartments. The property is fully occupied, with a renovated facade completed in 2024. Its corner commercial suite at 1001 is expected to become available for owner occupancy in 2027, while the remaining spaces continue supporting the existing income profile.
The building sits in downtown Bedford along a commercial corridor reporting more than 10,000 vehicles passing daily. The property carries an 8.6% cap rate and offers a combination of retail-oriented commercial space and residential units within one building. Planned public investment includes a new city park approximately two blocks away, with preliminary plans for a connection to the Milwaukee Trail. Renovation work is also underway at the neighboring building.
The building sits in downtown Bedford along a commercial corridor reporting more than 10,000 vehicles passing daily. The property carries an 8.6% cap rate and offers a combination of retail-oriented commercial space and residential units within one building. Planned public investment includes a new city park approximately two blocks away, with preliminary plans for a connection to the Milwaukee Trail. Renovation work is also underway at the neighboring building.
Key Highlights
- 4,834‑square‑foot mixed‑use building constructed in 1900
- Three commercial suites and two residential apartments
- Fully occupied property with an 8.6% cap rate
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
60k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
Circle K
Shops & Services
9,197 visits/mo
0.3 miles
Hardee's
Dining
7,869 visits/mo
0.3 miles
Circle K
Shops & Services
7,750 visits/mo
0.2 miles
Dollar General
Shops & Services
7,074 visits/mo
0.2 miles
Mobil
Shops & Services
6,898 visits/mo
0.3 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?
Mixed-use property - The property combines multiple commercial suites with two residential apartments in a fully occupied downtown building.
Where is this mixed-use property located?
The property is located at 1001 15th St Bedford, IN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4,834‑square‑foot mixed‑use building constructed in 1900; Three commercial suites and two residential apartments; Fully occupied property with an 8.6% cap rate
