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    1102 15Th St Bedford, IN 47421

    Sponsored
    For Sale
    Contact for pricing

    Iconic building, prime downtown location, huge potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This magnificent 11,435 square foot, two-story building, located at 1102 15th Street in Bedford, Indiana, is being offered via absolute online auction. Originally constructed in 1917 and designed by Indianapolis architect Elmer E. Dunlap, this Italian Renaissance Revival-style structure boasts stunning architectural details including exterior engravings, arch-headed windows, Bedford limestone pillars, two balconies, a flat rooftop, and an imperial staircase. The building, which served as the home of the Bedford Elks Lodge from 1917 to 2015, features a full basement and offers 54 off-street parking spaces. Situated on 0.72 acres encompassing two town lots in Bedford's historic downtown district, the property includes a new roof (installed 10-12 years ago). While significant renovation or repurposing will be required, the building's impressive size, historical significance, and unique architectural features present a remarkable opportunity. The property is located within the Downtown Historic Preservation district, and any alterations must be approved by the Historic Review Board. This is a chance to restore a landmark building and contribute to the revitalization of Bedford's vibrant downtown area. The auction details can be found at the provided link.

    Property Features for 1102 15Th St

    General Information

    Property type
    Investment properties
    Lot Size
    31,363 SF

    Building Details

    Year Built
    1917
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.48597
    Latitude
    38.86184

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    FAQs

    What type of property is this?
    Investment property - Iconic building, prime downtown location, huge potential.
    Where is this investment property located?
    The property is located at 1102 15Th St Bedford, IN.
    What is the asking price?
    The asking price for this property is $1.00.
    (812) 738-9476
    Request Owner's contact information
    1102 15Th St Bedford, IN 47421
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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
    1102 15Th St Bedford, IN 47421
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