407 Main Street, Bedford, Iowa 50833

IA, Bedford
$140,000
  • 0.12 Acre
  • Commercial Sale Property Type
  • 1904 Year Built
  • Active Status
Property Description
Welcome to a piece of local history reimagined for modern commerce and comfortable living. This former historic bank building has been thoughtfully transformed into a triple-income powerhouse that savvy investors will absolutely love. The main level currently operates as a fitness center, though the versatile space could easily serve as retail with three dedicated offices. Energy-efficient lighting and fresh flooring create an inviting atmosphere for any commercial venture. Upstairs, three well-appointed apartments (a studio; two 1 bed/1bath) generate steady rental income, each featuring new paint, stylish flooring, updated vanities, modern countertops and range/refrigerator. The studio apartment includes a brand-new heating and cooling system, while a new washer and dryer enhance tenant convenience. Behind the scenes, significant infrastructure upgrades provide real peace of mind. A newly installed electrical service (metered separately for each apartment), updated plumbing throughout, and numerous cosmetic improvements mean less maintenance and more time enjoying returns. A navigation satellite on the roof delivers yet another passive income stream without any additional effort from the owner. Buyers also have the option to purchase all existing gym equipment, making this a true turnkey opportunity. Three revenue sources, historic charm, and modern updates combine to create one remarkable investment package. Schedule a private showing to explore the possibilities!
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 6338979
  • Price: $140,000
  • Year Built: 1904
  • Lot Area: 0.12 Acre
  • Status: Active
  • Office Name: Red Brick Realty
  • Agent Name: Douglas Thompson
  • Roof: Rubber
Features
  • Heating System Boiler,Ductless
  • Cooling System Central Air,Ductless
  • Basement Partial,Block,Storage Space
  • Parking Asphalt
  • Architectural Style Business
  • Flooring Carpet,Vinyl
  • Sewer City Sewer/Connected
  • Utilities Electric Separate,Heating Separate,Hot Water Separate
Appliances
  • Range
  • Refrigerator
  • Washer
  • Dryer
  • Disposal
  • Electric Water Heater
  • Exhaust Fan
Address Map
  • Country US
  • State IA
  • County Taylor
  • City Bedford
  • Zipcode 50833
  • Street: Main
  • Street Number: 407
  • Street Suffix: Street
  • Longitude: W95° 16' 50.3''
  • Latitude: N40° 40' 1.8''
  • Directions: From State Hwy. 148 (Madison Street) turn East on Main Street. Proceed 1 1/2 blocks, the property is situated on the North side of Main Street.
  • Zoning: Business/Commercial,Resi
Additional Information
  • Accessibility Features: None
  • Association Amenities: Deck,Laundry
  • Building Size: 6066
  • Construction Materials: Block
  • Current Use: Business,Office,Residential,Recreational
  • Lot Size Dimensions: 43x126
  • Number Of Units Total: 4
  • Possible Use: Grocery,Lounge/Bar,Medical/Dental,Motel/Hotel,Office,Professional/Office,Rest/Lounge,Restaurant,Retail,Services,Wholesale
  • Previous Price: 140000
  • Water Source: Public
Financial
  • Tax Annual Amount: 1568
Map
Contact Agent
AJ Brown
A.J. Brown
Land & Farm Realtor
Phone: 641-680-9944
Fax: 641-664-3520

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