Former Bank Building with
407 Main Street Bedford, IA 50833
407 Main Street, Bedford, IA, 50833
Contact for pricing
For Sale
Contact for pricing
Pending
A former bank building featuring a main-level fitness center and three upstairs apartments, plus updated building systems.
Days on Market50
Property Features for 407 Main Street
General Information
- Standard status
- Pending
- Property subtype
- Retail, Office, Hospitality, Industrial, Business for Sale, Special Purpose, Land
Building Details
- Year Built
- 1904
Listing agency
Red Brick Realty
Listed by
Douglas Thompson · License #IA S41071000
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 4:00PM Checked: Jul 21 at 9:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Red Brick Realty
Investment Insights
Based on property information with market context.
This former historic bank building has been reimagined for dual commercial and residential use. The main level currently operates as a fitness center and includes energy-efficient lighting and fresh flooring, with a layout described as adaptable for retail use that includes three dedicated offices. Upstairs, there are three apartments: one studio and two 1 bed/1 bath units. The apartments feature new paint, updated vanities, modern countertops, and new range/refrigerator; the studio also includes a brand-new heating and cooling system. Additional in-unit convenience includes a new washer and dryer.
The building includes behind-the-scenes infrastructure improvements intended to reduce ongoing maintenance. A newly installed electrical service is metered separately for each apartment, and plumbing has been updated throughout. The property also includes numerous cosmetic improvements. The roof features a navigation satellite setup, described as generating additional income for the owner. Buyers have the option to purchase existing gym equipment if they want to keep the fitness operations in place.
For an owner-operator or investor, the mix of an income-generating fitness center and three residential units can support a diversified property structure. With metered electrical for the apartments, updated plumbing, and recent unit finishes, the building is positioned for straightforward day-to-day management. The convertible main-level layout provides additional flexibility for tenants looking for commercial or office-oriented space in a single property.
The building includes behind-the-scenes infrastructure improvements intended to reduce ongoing maintenance. A newly installed electrical service is metered separately for each apartment, and plumbing has been updated throughout. The property also includes numerous cosmetic improvements. The roof features a navigation satellite setup, described as generating additional income for the owner. Buyers have the option to purchase existing gym equipment if they want to keep the fitness operations in place.
For an owner-operator or investor, the mix of an income-generating fitness center and three residential units can support a diversified property structure. With metered electrical for the apartments, updated plumbing, and recent unit finishes, the building is positioned for straightforward day-to-day management. The convertible main-level layout provides additional flexibility for tenants looking for commercial or office-oriented space in a single property.
Key Highlights
- 1904 former bank building converted to a mixed‑use property with a main‑level fitness center plus three upstairs apartments
- Upstairs unit mix includes 1 studio and two 1 bed/1 bath apartments, each with new paint, updated vanities, modern countertops, and range/refrigerator
- Three apartments have separate metering via newly installed electrical service (metered separately for each apartment)
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Similar For Sale Nearby
Similar Off Market Nearby
- Savanna Janssen — 409 Central Ave, Bedford, IA 50833
FAQs
What type of property is this?
Fitness center & gym - A former bank building featuring a main-level fitness center and three upstairs apartments, plus updated building systems.
Where is this fitness center & gym 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: 1904 former bank building converted to a mixed‑use property with a main‑level fitness center plus three upstairs apartments; Upstairs unit mix includes 1 studio and two 1 bed/1 bath apartments, each with new paint, updated vanities, modern countertops, and range/refrigerator; Three apartments have separate metering via newly installed electrical service (metered separately for each apartment)
