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Mixed-Use Property with Salon
New
For Sale
$250,000

1839 & 1845 Steven Avenue, Bedford, IN 47421

COMMERCIAL, Bedford, IN

Property SizeContact for details
Lot Size0.38 Acres
Days on Market2

Property Features for 1839 & 1845 Steven Avenue

General Information

Property type Commercial Sale
Property subtype Other
Parking features Off Street
Directions GPS Friendly
Subdivision Lawrence County
Standard status Active
APN 47-06-21-100-019.000-010
Lot size 0.38 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PALMS MINOR SUB NOTED AS LOT 2 .377A
Tax Annual Amount 5979
Legal Description PALMS MINOR SUB NOTED AS LOT 2 .377A

Utilities

Cooling system Central Air

Building Details

Year built 1989
Flooring type Mixed
Roof type Shingle
Listing Agency: Berkshire Hathaway HomeServices Indiana Realty-Bloomington · Prudential Real Estate
Listed By: Miranda Mann
Added: Sep 18 Last Checked: Sep 19 at 7:06PM
MLS# 202638678

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 mixed-use property combines a salon-oriented commercial area with two residential units. The commercial portion includes four private rooms, two bathrooms, and sinks in each room, along with a new HVAC system. The layout supports salon, beauty, wellness, or similar professional services. Unit 1 contains one bedroom and one bathroom, while Unit 2 provides two bedrooms and two bathrooms.

Two billboard signs are positioned along Highway 37 and are rented annually. Additional property features include 0.38 acres, off-street parking, central air, mixed flooring, a shingle roof, and a 1989 construction date. Located at 1839 & 1845 Steven Avenue in Bedford, Indiana, the property brings commercial, residential, and billboard components together in one offering.

Key Highlights

  • Four private commercial rooms with two bathrooms and sinks in each room
  • Two residential units: one 1‑bedroom/1‑bathroom unit and one 2‑bedroom/2‑bathroom unit
  • Two billboard signs along Highway 37, both rented annually

Property Analytics

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Current Use

Spa & wellness properties

Suggested Use

Top Pick HVAC Service Auto Repair Shop Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store Electrical Service

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

Lease Details

2
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

405
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial salon space is paired with two residential rental units and billboard signage along Highway 37.
Where is this mixed-use property located?
The property is located at 1839 & 1845 Steven Avenue Bedford, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Four private commercial rooms with two bathrooms and sinks in each room; Two residential units: one 1‑bedroom/1‑bathroom unit and one 2‑bedroom/2‑bathroom unit; Two billboard signs along Highway 37, both rented annually
More about this property
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