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Mixed-Use Warehouse and Office
For Sale
$325,000

701-705 I Street, Bedford, IN 47421

Versatile building combines commercial work areas, office functions, and apartment units with rental income potential.

Property Size17,860 SF
Price / SF$18.20
Days on Market543

Property Features for 701-705 I Street

General Information

Standard status Active
Size 17,860 SF
Property subtype Commercial / Mixed Use

Taxes and HOA fees

Annual Taxes $3,105

Amenities

Central Air, Multiple Cooling Units
2
No
Concrete, Part Carpet, Vinyl Tile
Gas, Forced Air, Multiple Heating Systems
Slab
Privacy
Yes
Asphalt
Metal

Building Details

Year Built 1956
Buildings 1
Listing Agency: RE/MAX Acclaimed Properties
Listed By: Gary West · License #RB14041197
Source: Compass
Added: Mar 5, 2025 Changed: Aug 30 Last Checked: Aug 30 at 11:40AM

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 RE/MAX Acclaimed Properties

Investment Insights

Based on property information with market context.

Located at 701-705 I Street in Bedford, Indiana, this 17,860-square-foot mixed-use property brings together warehouse space, offices, and apartments within one commercial building. The configuration supports light industrial operations, administrative use, and residential rental components, providing multiple functional areas under a single ownership structure.

Constructed in 1956, the property has central air, multiple cooling units, gas forced-air heat, and multiple heating systems. Interior finishes include concrete, carpet, and vinyl tile, while the building is positioned on a slab foundation. The exterior includes asphalt and metal components, with privacy features also noted.

Key Highlights

  • 17,860‑square‑foot mixed‑use property with warehouse, office, and apartment components
  • Warehouse and office configuration supports light industrial and administrative uses
  • Apartments provide residential rental components within the commercial property

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods Cafe & Coffee Shop Skin Care Clinic

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

303
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Versatile building combines commercial work areas, office functions, and apartment units with rental income potential.
Where is this mixed-use property located?
The property is located at 701-705 I Street Bedford, IN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 17,860‑square‑foot mixed‑use property with warehouse, office, and apartment components; Warehouse and office configuration supports light industrial and administrative uses; Apartments provide residential rental components within the commercial property
More about this property
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