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    3307 Mitchell Rd Bedford, IN 47421-5557

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    3307 Mitchell Rd Bedford, IN 47421-5557


    • Industrial properties
    • 5,000 SF
    • 1.69 lot acres
    Off-Market
    Last Sale May 10, 2021
    Property ID
    US31-2399359
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 3307 Mitchell Rd

    Year built
    1996
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.69 lot acres
    Property size
    5,000 SF
    Property type
    Industrial properties
    APN
    47-06-26-201-051.000-010
    APU
    470626201051000010

    Description

    This exceptional 5,000 square foot commercial building, situated on a spacious 1.69-acre lot in Bedford, Indiana, presents a remarkable investment opportunity. Currently configured as a medical facility, this adaptable space offers immense potential for a variety of uses, thanks to its I2 zoning. The building boasts nine private offices, three open rooms, a substantial check-in/waiting area, two consultation rooms, and a dedicated conference room. Three half-baths cater to the needs of staff and clients. Ample storage space is available throughout, complemented by a convenient kitchenette. Security is enhanced by an air lock entry system. The property features extensive parking, accommodating numerous vehicles. The building underwent significant remodeling just three years ago, ensuring modern functionality and aesthetics. Its prime location and versatile design make this property an ideal choice for a wide range of commercial ventures. The substantial lot size offers room for expansion or future development. This is a rare opportunity to acquire a well-maintained, adaptable commercial space in a thriving Bedford location. The property is priced at $960,000.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $335,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $752,000
      Market price range: $139k - $753k
    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $380,000
      Current use
      RESTAURANT
      $465,000
      Change: +22% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $460,000
      Change: +21% Conversion: Easy
      MEDICAL BUILDING
      $435,000
      Change: +14% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $415,000
      Change: +9% Conversion: Difficult
      RETAIL STORES
      $395,000
      Change: +4% Conversion: Moderate
      WAREHOUSE, STORAGE
      $370,000
      Change: -2% Conversion: Easy
      COMMERCIAL (GENERAL)
      $365,000
      Change: -4% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.4959
    Latitude
    38.8421
    CBSA code
    13260
    CBSA name
    BEDFORD, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,131
    $87,100
    $350,600
    $437,700
    -
    $87,100
    $350,600
    $437,700
    More about this property
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