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    1407 I St Bedford, IN 47421

    For Sale
    $229,000

    Prime location, ample parking, updated building.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional commercial property, located at 1407 I Street in Bedford, Indiana, presents a unique opportunity for a variety of businesses. Situated on a 0.14-acre lot, this building boasts a significant advantage over many downtown properties: its own dedicated parking lot. Recent improvements enhance its appeal and functionality. A new roof was installed within the past five years, ensuring long-term protection. New front display windows provide excellent visibility and curb appeal, while a new furnace, installed less than two years ago, guarantees efficient and reliable heating. The electrical wiring has also been completely updated for modern needs. The building's versatility is a key feature. A sizable upstairs area offers significant potential. This space could easily be converted into additional workspace, expanding retail area, or even developed into comfortable living quarters, depending on the buyer's needs. This prime downtown Bedford location offers high visibility and accessibility, making it an ideal choice for entrepreneurs seeking to establish or relocate their business. The combination of ample parking, recent renovations, and versatile space makes this property a truly exceptional investment opportunity. The asking price is $229,000.

    Property Features for 1407 I St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1905
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.48297
    Latitude
    38.86314

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, ample parking, updated building.
    Where is this commercial real estate located?
    The property is located at 1407 I St Bedford, IN.
    What is the asking price?
    The asking price for this property is $229,000.
    (812) 277-9227
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    1407 I St 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
    1407 I St Bedford, IN 47421
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