407 Main Street Bedford, IA $ 140,000
407 Main Street
$ 140,000
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407 Main Street

Bedford, IA, 50833
$ 140,000
Bedrooms-- Baths-- Sq 6,066

Monthly Estimate*

$ 862

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Commercial Property for sale in Bedford, IA

for $140,000. This 6,066 square foot building was built in 1904 on a lot size of 0.12.

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!

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Commercial Active

Price

$ 140,000

Property Type

Commercial

Taxes

$ 1,568

Style

Business

Lot Size

0.12

Year Built

1904

Town/City

Bedford

County/Region

Taylor

MLS | Web ID

6338979

Features
General
Sewer City Sewer/Connected
Heating Boiler Ductless
Cooling Central Air Ductless
Utilities Electric Separate Heating Separate Hot Water Separate
Roof Rubber
Appliances Range Exhaust Fan Refrigerator Washer Dryer Disposal Electric Water Heater
Zoning Business/Commercial Resi
Garage Spaces 0
Architectural Style Business
Construction Materials Block
Year Built 1904
Tax Year 2026
Current Use Business Office Recreational Residential
Accessibility None
County Taylor
Property Type Commercial Sale
Association Amenities Deck Laundry
Contingency None
Possible Use Grocery Lounge/Bar Medical/Dental Motel/Hotel Office Professional/Office Rest/Lounge Restaurant Retail Services Wholesale
Status Active
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.
Open Parking Spaces 6
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 5227.2
Land Lease Y/N N
Tax Annual Amount 1568
Living Area Units Square Feet
Standard Status Active
Legal Description ORIG E43' 2 10 ORIG E43' 2 10 CORP BED CORP BED BEDFORD BEDFORD
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Interior
Basement Partial Block Storage Space
Flooring Carpet Vinyl
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Exterior
Parking Features Asphalt
Water Source Public
Building Area Total 6066
Lot Dimensions 43x126
Lot Size Acres 0.12
Foundation Area 2800
Road Frontage Type City Street Curbs Paved Streets Sidewalks Storm Sewer Street Lights
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Douglas Thompson

Listing Agent

Red Brick Realty

Broker

thompsonfive@frontier.com

Email

Affordability Calculator

$993
Per Month
87%
13%
0%
Monthly Principal & Interest
$862
Monthly Property Taxes
$131
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/3/2026$140,000 Listed Price

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407 Main Street, Bedford, IA, 50833 is a Commercial Property for sale at $140,000 with 6,066 sqft and a lot size of 0.12. 407 Main Street was built in 1904. The property's zip code is 50833 which is in Bedford, IA