806 16Th StBedford, IN 47421

Property Details for 806 16Th St

Year built

1890

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

2,323 SF

Property type

Retail space

APN

47-06-23-113-037.000-010

APU

470623113037000010

Description

This exceptional commercial property, situated at 806 16th Street in Bedford, Indiana, presents a fantastic opportunity for a variety of businesses. Located conveniently near Bedford's downtown square, this property benefits from high visibility and significant foot traffic due to its prime position on busy 16th Street/Highway 50 East. The building offers approximately 0.05 acres of land and features two large display windows, ideal for showcasing products or services to passersby. The asking price is $83,500. The square footage is not currently specified, but the property's strategic location and prominent storefront make it an attractive investment for entrepreneurs seeking a strong presence in the heart of Bedford's commercial district. This property is ready for immediate occupancy and offers a unique chance to establish or expand a business in a thriving community. The convenient location provides easy access to local amenities and a strong customer base. Serious inquiries are encouraged to explore this promising commercial real estate opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $454,609

  6.5%

  $419,639

  7%

  $389,665

• Comparable approach

  Method

  Valuation

  Relative Method

  $503,909

  Geo Method

  $503,909

• Alternative Use

  Use

  Valuation

  Residential

  $353,982

  Hospitality

  $324,245

  Educational

  $269,768

  Medical

  $279,046

  Retail

  $419,639

Location Insight

City

Bedford

County

Lawrence

State

Indiana

Latitude

38.8607

Longitude

-86.4816

CBSA code

13260

CBSA name

BEDFORD, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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