802 16Th St Bedford, IN 47421

Property Details for 802 16Th St

Year built

1941

Construction

WOOD

Lot size

0.28 lot acres

Property size

5,880 SF

Property type

Retail space

APN

47-06-23-113-038.000-010

APU

470623113038000010

Description

This exceptional investment opportunity presents a partially constructed mixed-use building ideally situated near Bedford's vibrant downtown area. The property encompasses 0.13 acres and offers a compelling blend of commercial and residential space. A significant feature is a newly renovated, two-bedroom, two-bathroom apartment complete with its own separate rear entrance and washer/dryer hookups. This apartment provides immediate rental income potential or comfortable owner-occupied living. The commercial space includes five individual offices, each prepped with hand sink hookups, adding to its versatility. A shared toilet hookup and shower are also available. A unique addition is a built-in salt cave, offering potential for a wellness-focused business or a distinctive amenity. The building's existing infrastructure provides a solid foundation for completion and customization to suit a variety of business needs. The asking price of $630,000 reflects the significant potential return on investment this property offers. Its prime location and unique features make it an attractive proposition for both seasoned investors and those seeking a distinctive commercial venture. The property's partially completed state allows for significant customization and the opportunity to tailor the space to specific business requirements. The combination of residential and commercial space offers a unique opportunity to generate multiple income streams. This is a rare chance to acquire a property with significant upside in a thriving downtown location.

Location Insight

City

Bedford

County

Lawrence

State

Indiana

Longitude

-86.4814

Latitude

38.8607

CBSA code

13260

CBSA name

BEDFORD, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments