Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    624 16th Street Bedford, IN 47421

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    24,174 SF retail space on 1.44 acres.

    Type:Retail
    Property size:
    24,174 SF
    Lot size:
    1.44 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    21
    Last Refresh:
    Mar 18 at 8:15 am

    Property Features for 624 16th Street

    General Information

    Standard status
    Active
    Size
    24,174 SF
    Lot size
    1.44 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Bryan Schwartz

    Listing agent Bryan Schwartz

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

    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 Bryan Schwartz

    Overview

    Retail Space in Bedford

    This retail space offers 24,174 square feet of space on a 1.44-acre lot. The property is located at the corner of 16th and G Streets, near downtown Bedford, providing excellent visibility. On-site parking is available, and the property features pylon signage. The traffic count on 16th Street is 11,770 cars per day.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.878578
    Latitude
    40.4105695

    Nearby Similar for Sale

    • $475,000

      Turnkey Restaurant/Bar in Bedford

      Restaurant/Bar with equipment and liquor license in downtown Bedford.
      905 15th Street, Bedford, IN 47421
      View Details
    • $575,000

      High-Traffic Location with Retail Space

      5+ acres near Highway 37 and 16th Street/158.
      1600 Williams Road, Bedford, IN 47421
      View Details
    • $350,000

      Professional Office Building on Thoroughfare

      Professional building with excellent visibility, ideal for various business types.
      2359 16th Street, Bedford, IN 47421
      View Details
    • $175,000

      Versatile Commercial Space in Bedford

      Adaptable commercial space suitable for various business operations.
      2134 Washington Avenue, Bedford, IN 47421
      View Details
    • $279,900

      I2-Zoned Commercial Property Available

      Commercial property with remodeled office, manufacturing building, and ample parking.
      3160 Mitchell Road, Bedford, IN 47421
      View Details
    • $189,000

      Downtown Bedford Retail Building For Sale

      3,400 SF retail building in downtown Bedford, Indiana.
      1020 16th Street, Bedford, IN 47421
      View Details
    • $1,195,000

      High-Visibility Corner Location Office Space

      Like-new construction office space in high-traffic Bedford location.
      2221 John Williams Boulevard, Bedford, IN 47421
      View Details
    • $3,000,000
      34,212 SF

      44-Unit Apartment Investment Opportunity

      44-unit apartment complex with strong occupancy and income potential.
      2600 6th Street, Bedford, IN 47421
      View Details
    • $215,000

      Historic Building with Income Potential

      Solid historic building with exceptional income potential in growing area.
      512 P Street, Bedford, IN 47421
      View Details
    • $549,900
      3,472 SF

      Fully Rented Bedford Quadplex

      Excellent investment opportunity with immediate cash flow and low maintenance.
      520-526 5th Street, Bedford, IN 47421
      View Details
    • $275,000
      3,328 SF

      Bedford Fourplex: Investment Opportunity

      Fully occupied fourplex in Bedford, Indiana, ideal for investors.
      1714 M Street, Bedford, IN 47421
      View Details
    • $325,000

      Mixed-Use Commercial Property

      Versatile property with warehouse, office space, and apartments.
      701-705 I Street, Bedford, IN 47421
      View Details

    FAQs

    What type of property is this?
    Retail space - 24,174 SF retail space on 1.44 acres.
    Where is this retail space located?
    The property is located at 624 16th Street Bedford, IN.
    What are key features of this property?
    This property features: Excellent visibility due to corner location at 16th & G Streets.; Large building size: 24,174± SF.; Ample land: 1.44± acres.
    (502) 412-7635
    We can help!
    Listing Contact
    Bryan Schwartz
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!