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    Versatile Live-Work Retail Building Title is generated by Realmo AI

    420 Main Street, Bedford, IA 50833

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    Claim this Listing
    For Sale
    $49,900

    COMMERCIAL - Other - Bedford, IA

    Lot size:
    0.05 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 420 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    On Street
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    0423011105000
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    ORIG E 18'3" W50 ORIG E18'3" W50' LOT 5 BLK11 CORP BED BEDFORD
    Tax Annual Amount
    245

    Utilities

    Heating system
    Forced Air
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1895
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Douglas Thompson

    Listing agent Douglas Thompson License #***

    Listing office Red Brick Realty 2615 Lake Road, Bedford, IA

    Listing date Mar 11, 2026

    MLS# 6329395

    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.

    HighLights

    • Prime Main Street location ideal for retail or commercial ventures.
    • Versatile space adaptable for retail, business, mixed‑use, or live‑work arrangements.
    • Upper level offers potential for custom living quarters or rental income.
    • Full basement provides ample storage space.
    • Features a brand new furnace.
    • Back patio and privacy fence offer secure outdoor space.

    Overview

    This versatile commercial property is currently operating as a retail store in a well-maintained building. The system is upgraded with a brand new furnace, supporting dependable year-round operation. A full basement adds practical storage capacity for inventory or supplies, while the upper level offers room to create built-to-suit living quarters for a true live-work arrangement or separate rental income.

    Situated right on Main Street in Bedford, the property’s frontage places it within the downtown core. Additional outdoor space includes a back patio, and the fenced rear yard provides a measure of privacy and a secure boundary. The building is also described as having a flexible layout capable of supporting multiple concepts.

    For buyers and operators, this is a strong option when you want one property that can support retail today and evolve into mixed-use over time. The existing retail operation can be continued, or the space can be reworked to fit a new business venture, while the upper level can be developed to complement the ground-floor use. With its combination of storefront functionality, expandable residential potential, and on-site storage, the property offers meaningful flexibility for an owner-operator or investor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Taylor
    State
    Iowa
    Longitude
    -94.71993
    Latitude
    40.666904

    FAQs

    What type of property is this?
    Live-work space - Well-maintained retail building with new furnace and flexible upper-level space for live-work or rental use.
    Where is this live-work space located?
    The property is located at 420 Main Street Bedford, IA.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Prime Main Street location ideal for retail or commercial ventures.; Versatile space adaptable for retail, business, mixed‑use, or live‑work arrangements.; Upper level offers potential for custom living quarters or rental income.
    (712) 621-6464
    We can help!
    Listing Contact
    Douglas Thompson
    Real Estate License ID: ***
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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