527 15th St, Bedford, IN 47421-3803
This unique 74-year-old church building presents a remarkable opportunity for adaptive reuse in Bedford, Indiana's vibrant downtown area. Situated on a 0.59-acre lot, the property boasts a spacious upstairs sanctuary with convenient handicap accessibility, offering significant potential for a variety of commercial ventures. The downstairs area comprises numerous adaptable rooms, providing flexibility for diverse uses and layouts. A significant advantage is the inclusion of a private parking lot, addressing a common challenge for commercial properties. The sale includes all existing furnishings, a substantial asset comprising 280 chairs, tables, and other items, ready for immediate use or resale. Further enhancing the property's practicality is a dedicated fellowship hall, ideal for gatherings or events, and a convenient outdoor storage shed. The property's prime location near Bedford's downtown core offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a distinctive and well-equipped space. The building's solid construction and established presence within the community provide a strong foundation for a successful commercial enterprise. This is a rare opportunity to acquire a substantial property with significant existing infrastructure and a wealth of potential uses. The asking price is $269,900. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.