Triplex with Fitness
For Sale
$140,000
Pending
407 Main Street, Bedford, IA 50833
COMMERCIAL - Other - Bedford, IA
Property SizeContact for details
Lot Size0.12 Acres
Days on Market95
Property Features for 407 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Business/Commercial,Resi
Basement
Partial, Storage Space, Block
Appliances
Range, Exhaust Fan, Refrigerator, Washer, Dryer, Disposal, Electric Water Heater
Directions
From State Hwy. 148 (Madison Street) turn East on Main Street. Proceed 1 1/2 blocks, the property is situated on the North side of Main Street.
Standard status
Pending
APN
0423010102000
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
ORIG E43' 2 10 ORIG E43' 2 10 CORP BED CORP BED BEDFORD BEDFORD
Tax Annual Amount
1568
Legal Description
ORIG E43' 2 10 ORIG E43' 2 10 CORP BED CORP BED BEDFORD BEDFORD
Utilities
Heating system
Ductless (Heating), Oil
Cooling system
Ductless, Central Air
Water source
Public
Building Details
Year built
1904
Number of units
4
Flooring type
Vinyl, Carpet
Building materials
Block
Roof type
Rubber
Architectural style
Other
Listing Agency:
Red Brick Realty
Listed By:
Douglas Thompson · License #S41071000
(712) 621-6464
Added: Jun 2
Changed: Aug 4
Last Checked: Sep 4 at 6:06AM
MLS# 6338979
Copyright © 2026 NoCoast MLS. 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 triplex conversion features a historic bank building structure reimagined for mixed commercial and residential use. The main level currently operates as a fitness center, with the option for retail use and up to three dedicated offices. Interior updates include energy-efficient lighting and fresh flooring, and the building has block construction with carpet and vinyl flooring. Upstairs, there are three apartments: one studio and two one-bedroom, one-bath units. Each apartment includes updated finishes such as new paint, updated vanities, modern countertops, and range/refrigerator, and the studio apartment has a new heating and cooling system plus a new washer and dryer.
Behind the scenes, multiple infrastructure improvements support lower day-to-day maintenance, including a newly installed electrical service with separate metering for each apartment and updated plumbing throughout. Additional amenities/appliances include disposal, electric water heater, and in-unit laundry equipment.
Set on a 0.12-acre lot at 407 Main Street in Bedford, IA, the property is served by public water. The building is heated with oil and ductless heating systems and cooled with central air and ductless cooling, and it sits under a rubber roof. Zoning is listed as Business/Commercial, Resi.
Behind the scenes, multiple infrastructure improvements support lower day-to-day maintenance, including a newly installed electrical service with separate metering for each apartment and updated plumbing throughout. Additional amenities/appliances include disposal, electric water heater, and in-unit laundry equipment.
Set on a 0.12-acre lot at 407 Main Street in Bedford, IA, the property is served by public water. The building is heated with oil and ductless heating systems and cooled with central air and ductless cooling, and it sits under a rubber roof. Zoning is listed as Business/Commercial, Resi.
Key Highlights
- 0.12‑acre lot at 407 Main Street with rubber roof and block construction
- Built in 1904, offering historic building character with commercial and residential use
- Main level currently operates as a fitness center with flexible retail and office potential
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 50833, IA
2,338
Population
1,044
Households
2.2
Avg Household Size
42
Median Age
16%
College-Educated
92%
High-School Grad
212.9 sq mi
ZIP Area
11
Density / Sq Mi
$57,250
Median Household Income
$41,048
Median Earnings
$646
Median Rent
$99,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Main level fitness center with three apartments above, built in 1904 on 0.12 acres with public water and updated utilities.
Where is this triplex located?
The property is located at 407 Main Street Bedford, IA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 0.12‑acre lot at 407 Main Street with rubber roof and block construction; Built in 1904, offering historic building character with commercial and residential use; Main level currently operates as a fitness center with flexible retail and office potential
