Property profile

1601 J St Bedford, IN 47421

OFF-MARKET
Commercial real estate
Property ID
US31-2344366
4,777 SF 0.04 ac lot Built 1890
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 3-story commercial building is situated on a 0.04-acre lot at a highly visible, signaled intersection in the heart of downtown Bedford, Indiana. The street-level retail space offers approximately 1,600 square feet, boasting attractive display windows to maximize visibility and draw in customers. Inside, the space features appealing interior brick accents and a unique retro metal-stamped decorative ceiling, adding character and charm. The building's strategic corner location ensures maximum exposure to pedestrian and vehicular traffic. Beyond the main retail area, the property includes a full basement, offering ample storage or potential for expansion. The second level previously functioned as an apartment, presenting a versatile space that could be repurposed for office space, additional retail, or residential use, subject to local zoning regulations. Recent significant improvements have been made to the building, including the installation of new windows, gutters, roof, and siding, ensuring the property is well-maintained and energy-efficient. This presents a rare opportunity to acquire a well-located, updated commercial property in a thriving downtown area, ideal for a variety of businesses seeking a prominent presence in Bedford. The asking price is $195,000. This property is ready for immediate occupancy and offers significant potential for return on investment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1890
Construction WOOD
Total area 4,777 SF
Lot 0.04 ac (1,606 SF)
APN 47-06-23-120-043.000-010
UPID US31-2344366

Cap rate & NOI

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

Location

1601 J St Bedford, IN 47421-3841
Bedford metro Census 950900 BEDFORD, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

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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