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Remodeled Medical Office Space
For Sale
$879,900

3307 Mitchell Road, Bedford, IN 47421

COMMERCIAL, Bedford, IN

Property Size5,000 SF
Lot Size1.69 Acres
Price / SF$175.98
Days on Market96

Property Features for 3307 Mitchell Road

General Information

Property type Commercial Sale
Property subtype Office
Zoning description I-2 General Industrial
Parking features Off Street
Lot features City
Directions From Bedford: take M St./Mitchell Rd. South. Property is on Right
Subdivision Lawrence County
Standard status Active
APN 47-06-26-201-051.000-010
Lot size 1.69 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description OAK PARK BLK C LOT 1 SW PT LOT 3SW PT LOT 2
Tax Annual Amount 14716
Legal Description OAK PARK BLK C LOT 1 SW PT LOT 3SW PT LOT 2

Utilities

Cooling system Central Air, Multi Units

Building Details

Year built 1996
Flooring type Carpet, Vinyl, Tile - Ceramic
Roof type Metal
Listing Agency: Benish Real Estate Group
Listed By: Paul Meyer · License #RB20001144
Added: Jun 8 Changed: Sep 5 Last Checked: Sep 11 at 9:06PM
MLS# 202622266

Copyright © 2026 Bedford Board of Realtors. 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.

The 5,000-square-foot medical office building underwent extensive remodeling in 2023 and was most recently occupied by a medical facility and physical therapy clinic. Its layout includes 9 private treatment or exam rooms, 2 large offices, a conference room with kitchenette, 3 open rooms or areas, 3 half baths, a lobby and waiting area, reception and control space, laundry and mechanical rooms, plus additional storage rooms and closets. Interior finishes include ceramic tile, carpet, and vinyl, with central air and multiple cooling units. The building was constructed in 1996 and has a metal roof.

The property occupies 1.69 acres at 3307 Mitchell Road in Bedford, Indiana. It is zoned I-2 and includes off-street parking for 20+ vehicles. The site provides access to town and Hwy. 37, supporting convenient arrival for staff, patients, and visitors.

Key Highlights

  • 5,000‑square‑foot medical office building extensively remodeled in 2023
  • 9 private treatment or exam rooms and 2 large offices
  • 1.69‑acre property with off‑street parking for 20+ vehicles

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon

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
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

144
Businesses Nearby
Balanced
Demand for This Use

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
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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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Similar Off Market Nearby

  • Animal Care Clinic 4213 Mitchell Rd, Bedford, IN 47421

Frequently Asked Questions

What type of property is this?
Medical Office Space - I-2-zoned facility with treatment rooms, offices, parking, and healthcare-oriented support areas.
Where is this medical office space located?
The property is located at 3307 Mitchell Road Bedford, IN.
What is the asking price?
The asking price for this property is $879,900.
What are key features of this property?
This property features: 5,000‑square‑foot medical office building extensively remodeled in 2023; 9 private treatment or exam rooms and 2 large offices; 1.69‑acre property with off‑street parking for 20+ vehicles
More about this property
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