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Freestanding Office Building
For Sale
Under Contract
$350,000

2359 16th Street, Bedford, IN 47421

COMMERCIAL - Bedford, IN

Property SizeContact for details
Lot Size0.46 Acres
Days on Market189

Property Features for 2359 16th Street

General Information

Property type Commercial Sale
Property subtype Office
Parking features Off Street
Lot features City
Directions From St Rd 37, head East on 16th St, property is on the Left on the corner of 16th & Poplar.
Subdivision Lawrence County
Standard status Active Under Contract
APN 47-06-15-404-037.000-010
Lot size 0.46 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Hillcrest Lots 115, 116 & Pt Lot 114
Tax Annual Amount 5374
Legal Description Hillcrest Lots 115, 116 & Pt Lot 114

Utilities

Cooling system Central Air

Amenities

conference room
kitchen area
restrooms
storage area
digital advertising sign

Building Details

Year built 1960
Flooring type Carpet, Tile - Ceramic
Roof type Metal
Listing Agency: RE/MAX Acclaimed Properties · RE/MAX International
Listed By: Lynda Slate · License #RB14041016
Added: Feb 4 Changed: Aug 4 Last Checked: Aug 12 at 9:06AM
MLS# 202603588

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.

Freestanding office building with an entry and reception area, flexible office layout, work-station area, conference room, kitchen area, two restrooms, and a storage area. Interior finishes include carpet and ceramic tile. The building has central air and a metal roof. Built in 1960, the property sits on 0.46 acres and includes paved off-street parking for eight vehicles. A digital advertising sign out front stays with the property.

The building is positioned on a main thoroughfare in Bedford with over 22,000 vehicles traveling daily, supporting strong day-to-day visibility for professional and client-facing uses. The configuration is well-suited for teams that need private and collaborative work areas, as well as meetings and client consultations.

Key Highlights

  • 0.46‑acre office property with metal roof
  • Paved off‑street parking for 8 vehicles
  • Entry and reception area plus flexible office layout

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Cafe & Coffee Shop Barber Shop

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

563
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - Office building with a reception area, conference room, central air, and paved off-street parking for eight vehicles.
Where is this office building located?
The property is located at 2359 16th Street Bedford, IN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 0.46‑acre office property with metal roof; Paved off‑street parking for 8 vehicles; Entry and reception area plus flexible office layout
More about this property
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