Historic Commercial Building for
For Sale
Contact for pricing
512 P Street, Bedford, IN 47421
COMMERCIAL - Bedford, IN
Property Size8,000 SF
Lot Size0.41 Acres
Price / SF$0.50
Days on Market219
Property Features for 512 P Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Office, Residential, Apartments, Daycare
Rooms
Basement
Lot features
City
Directions
South on 37, head East on 5th street, turn Right / South on P street, building is on the left.
Subdivision
Lawrence County
Standard status
Active
APN
47-06-14-201-014.000-010
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
DUNNS S END LOT 12 40X141 AND DUNNS LOT 11 & PT LOT 10 BLK A WARREN JONES MEM EX
Tax Annual Amount
4481
Legal Description
DUNNS S END LOT 12 40X141 AND DUNNS LOT 11 & PT LOT 10 BLK A WARREN JONES MEM EX
Utilities
Cooling system
Central Air
Building Details
Year built
1947
Flooring type
Carpet, Concrete, Wood
Roof type
Metal
Listing Agency:
The Real Estate Co.
(812) 797-1957
Listed By:
Haley McLaughlin · License #RB21002683
(812) 508-1710
Added: Dec 30, 2025
Changed: Aug 4
Last Checked: Aug 6 at 9:06AM
MLS# 202614819
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.
This property is a solid historic commercial building in Bedford, IN, approximately 8,000 square feet, offered as a blank-canvas space for redevelopment. It has an existing floor plan that can be reimagined for multiple operating models, including retail concepts or office layouts with drop ceiling and dividing walls. The building is currently zoned PR (Professional Residential) with a proprietary retail variance, supporting potential commercial use subject to zoning and municipal approvals. Interior and supporting systems include a sprinkler system, and the seller notes a newer metal roof. The basement has two sewage pumps and two sump pits to help keep the basement dry, along with a brand-new furnace and another furnace that was recently serviced by Lenox.
The building is located at 512 P Street and is described as having quick access to State Road 37, with close proximity to other businesses and residences. The property sits on 0.41 acres.
For tenants, buyers, and operators seeking adaptable space, the combination of an existing commercial-sized structure, on-site mechanical improvements, and a zoning/variance framework makes this a practical conversion candidate. The seller’s prior plan included an upscale vintage market with booth-style vending, and the available information supports reviewing additional business-use details upon request, including the full list of building uses associated with the PR classification and retail variance.
The building is located at 512 P Street and is described as having quick access to State Road 37, with close proximity to other businesses and residences. The property sits on 0.41 acres.
For tenants, buyers, and operators seeking adaptable space, the combination of an existing commercial-sized structure, on-site mechanical improvements, and a zoning/variance framework makes this a practical conversion candidate. The seller’s prior plan included an upscale vintage market with booth-style vending, and the available information supports reviewing additional business-use details upon request, including the full list of building uses associated with the PR classification and retail variance.
Key Highlights
- +/-8,000 SF solid historic building built in 1947 with a proven history of multiple uses
- Currently zoned PR (Professional Residential) with a proprietary retail variance; uses are subject to zoning and municipal approvals
- Metal roof and central air cooling; flooring includes wood, concrete, and carpet
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Versatile historic building near State Road 37, ready for conversion to retail, office, or other uses with approvals.
Where is this retail space located?
The property is located at 512 P Street Bedford, IN.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: +/-8,000 SF solid historic building built in 1947 with a proven history of multiple uses; Currently zoned PR (Professional Residential) with a proprietary retail variance; uses are subject to zoning and municipal approvals; Metal roof and central air cooling; flooring includes wood, concrete, and carpet
