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Downtown Retail Building with Updates
For Sale
$189,000

1020 16th Street, Bedford, IN 47421

COMMERCIAL - Bedford, IN

Property Size3,400 SF
Lot Size0.04 Acres
Price / SF$55.59
Days on Market48

Property Features for 1020 16th Street

General Information

Property type Commercial Sale
Property subtype Retail
Rooms Basement
Directions GPS Friendly.
Subdivision Lawrence County
Standard status Active
APN 47-06-23-120-037.000-010
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Orig lot 202 19x94
Tax Annual Amount 2398
Legal Description Orig lot 202 19x94

Utilities

Cooling system Central Air

Building Details

Year built 1910
Flooring type Wood
Roof type Metal
Listing Agency: Dohman Team
Listed By: Craig Dohman · License #RB17001882
Added: Jun 15 Changed: Jul 6 Last Checked: Aug 1 at 2:06AM
MLS# 202623410

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 downtown retail building offers approximately 3,400 +/- square feet and incorporates historic charm with recent improvements. The exterior and the front of the building have been updated as part of the 2018 downtown facade project. On the systems side, a new HVAC was installed about two years ago, and a new Amish metal roof was installed about four years ago. Interior layout includes an open concept upstairs and a mirror floorplan in the lower level.

The property is located at 1020 16th Street in Bedford, IN, just off the square, with high visibility and a reported high traffic count. Ample free public parking is available for customers.

The building is currently owner occupied by Inklings Bookstore, which will vacate upon sale. Inventory and furniture are not included in the listing price and may be available for separate sale; details are available upon request.

Key Highlights

  • 3,400 +/- SF downtown retail building just off the square in Bedford
  • Historic charm with updates from the 2018 downtown facade project, plus recent exterior and interior front‑of‑building updates
  • New HVAC installed 2 years ago and new Amish metal roof installed 4 years ago

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Restaurant Furniture & Home Goods Cafe & Coffee Shop Building Supply (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

712
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use

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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • West End Flower Shop — 726 16th St, Bedford, IN 47421

Frequently Asked Questions

What type of property is this?
Storefront property - Downtown Bedford retail building with recently updated exterior and interior features, HVAC, and a newer metal roof.
Where is this storefront property located?
The property is located at 1020 16th Street Bedford, IN.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 3,400 +/- SF downtown retail building just off the square in Bedford; Historic charm with updates from the 2018 downtown facade project, plus recent exterior and interior front‑of‑building updates; New HVAC installed 2 years ago and new Amish metal roof installed 4 years ago
More about this property
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