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For sale
Conventional restaurants
IN
Bedford
47421
3116 W 5th Street

Updated Flex Commercial Building

3116 W 5th Street, Bedford, IN 47421

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For Sale

Under Contract

$459,900

COMMERCIAL - Bedford, IN

Property size:

4,600 SF

Lot size:

0.89 Acres

Price / SF:

$99/SF

HighLights

Over 4,600 SF commercial building with flexible layout that can be divided into multiple spaces or kept as one
Recently updated exterior, including painted exterior trim and building repairs/updates
Sealed asphalt parking lot and off‑street parking available
Year built 1985 with metal roof and central air cooling
Interior includes tile, concrete, and carpet flooring
Previously used as a restaurant, fitness center, and car lot

We can help!

Contact an agent

Bobbi Powell

For Sale

Under Contract

$459,900

COMMERCIAL - Bedford, IN

Property size:

4,600 SF

Lot size:

0.89 Acres

Price / SF:

$99/SF

Added:: Oct 16, 2025
Days on Market:: 262
Last Refresh:: Jul 4 at 6:06 pm

Property Features for 3116 W 5th Street

General Information

Property type: Commercial Sale
Property subtype: Other
Parking features: Off Street
Standard status: Active Under Contract
APN: 47-06-15-200-075.000-010
Lot size: 0.89 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: E Pt NW 15-5-1W (0.89A)
Tax Annual Amount: 4616

Utilities

Cooling system: Central Air

Building Details

Year built: 1985
Flooring type: Carpet, Tile, Concrete
Roof type: Metal

We can help!

Contact an agent

Bobbi Powell

Listing agent Bobbi Powell License #RB1402939

Listing office RE/MAX Acclaimed Properties 3695 S Sare Rd., Bloomington, IN

Listing date Oct 16, 2025

MLS# 202542044

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.

HighLights

Over 4,600 SF commercial building with flexible layout that can be divided into multiple spaces or kept as one
Recently updated exterior, including painted exterior trim and building repairs/updates
Sealed asphalt parking lot and off‑street parking available
Year built 1985 with metal roof and central air cooling
Interior includes tile, concrete, and carpet flooring
Previously used as a restaurant, fitness center, and car lot

Overview

This commercial building offers a flexible layout totaling 4,600+ square feet, with the ability to remain as one open space or be divided into multiple smaller businesses. The exterior has been updated with newly painted exterior trim, and the asphalt parking area has been sealed. Recent repairs and other updates have been completed to support day-to-day operations, building on prior use for a restaurant, fitness center, and car lot.

The property is located at 3116 W 5th Street in Bedford, IN, on a 0.89-acre lot in Lawrence County. Parking is on-site, and the recent exterior and parking improvements are positioned to help tenants and operators start with a maintained exterior appearance.

The building’s size and divisibility make it worth considering for an operator seeking one larger storefront-style space or a setup that can be reconfigured for multiple concepts under one roof. The prior restaurant and fitness use also indicates a history of accommodating customer-facing activities, while the car lot background supports the broader idea of adapting the site for businesses that benefit from on-site vehicle activity. This is a for-sale opportunity for buyers looking for a workable, update-ready commercial shell with practical flexibility.

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Bedford
County: Lawrence
State: Indiana
Longitude: -86.513039
Latitude: 38.872205

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For sale
Conventional restaurants
IN
Bedford
47421
3116 W 5th Street

What type of property is this?

Conventional restaurant - Updated exterior and sealed parking support a flexible interior that can operate as one or multiple suites.

Where is this conventional restaurant located?

The property is located at 3116 W 5th Street Bedford, IN.

What is the asking price?

The asking price for this property is $459,900.

What are key features of this property?

This property features: Over 4,600 SF commercial building with flexible layout that can be divided into multiple spaces or kept as one; Recently updated exterior, including painted exterior trim and building repairs/updates; Sealed asphalt parking lot and off‑street parking available

3116 W 5th Street, Bedford, IN 47421

COMMERCIAL - Bedford, IN

Property Features for 3116 W 5th Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Remodeled Medical Office Building

Turn-Key Restaurant with Commercial Kitchen

Downtown Retail Building with Parking

Pole Barn Workshop with Hydraulic Lift

44-Unit Apartment Community

Turn-Key Restaurant-Bar with Liquor License

Fully Occupied Duplex Investment

Office Building with Reception Area

Medical Office Building with ADA Entry

Flex Space with Overhead Garage Door

Historic Retail or Office Building

All-Brick Quadplex with Garage Parking

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