Property profile

1323 5th St Bedford, IN 47421

OFF-MARKET
Other commercial real estate
Property ID
US31-0244342
140 SF 0.15 ac lot Built 1968
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This single-story corner commercial property is located at the intersection of 5th Street and N Street, across from Priceless IGA, and includes a 424 sq ft building on a 0.015-acre lot. The building was remodeled and expanded, and it features a 7 ft x 8 ft bathroom and a 16 ft x 23 ft open area. Utility and building upgrades include a new water line from the meter to the building, replaced exterior walls with metal siding, a metal roof with ice breaks, updated flooring, and a mini-split heating and cooling system. The bathroom is plumbed for washer/dryer hookup, and the property includes a 100-amp electrical service and a 5-gallon water heater located under the sink. The building sits on a slab with a small crawl space accessible from the east side, and an exterior ramp to the front door provides ADA accessibility. An asphalt lot provides space for approximately 9 parking spots. The property has a grandfathered right for a 4 ft x 8 ft sign to be placed off N Street. Zoning is B1, which permits uses such as retail stores, service shops, restaurants (excluding drive-in), schools, churches, offices, clinics, taverns, and other listed general commercial uses.

Property profile

Verified
Property type Other commercial real estate
Use group OFFICE (GENERAL)
Year built 1968
Construction WOOD
Total area 140 SF
Lot 0.15 ac (6,392 SF)
APN 47-06-14-211-024.000-010
UPID US31-0244342

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1323 5th St Bedford, IN 47421-2103
Bedford metro Census 951000 BEDFORD, IN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$125k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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