407 Main ST, Bedford, IA 50833
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407 Main ST, Bedford, IA 50833
407 Main ST, Bedford, IA 50833
407 Main ST, Bedford, IA 50833
407 Main ST, Bedford, IA 50833
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Amber Lesnick

Amber Lesnick

+1(515) 229-3402
Listed by Douglas Thompson Red Brick Realty
$ 140,000
Est. payment /mo
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Pending

407 Main ST Bedford, IA 50833

6,066 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 6,066 sqft

Price per Sqft $23

MLS Listing ID NOC6338979

Style Business

Year Built 1904

Annual Tax Amount $1,568

Tax Year 2026

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 43x126

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!

Location

State IA

County Taylor

Zoning Business/Commercial,Resi

Direction 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.

Rooms

Basement Partial, Block, Storage Space

Interior

Heating Boiler, Ductless

Cooling Central Air, Ductless

Flooring Carpet, Vinyl

Appliance Range, Exhaust Fan, Refrigerator, Washer, Dryer, Disposal, Electric Water Heater

Exterior

Parking Features Asphalt

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Amenities Available Deck, Laundry

View Y/N true

Roof Type Rubber

Accessibility None

Road Frontage City Street, Curbs, Paved Streets, Sidewalks, Storm Sewer, Street Lights

Total Parking Spaces 6

Building

Sewer City Sewer/Connected

Water Public

Architectural Style Business

Structure Type Block

Schools

School District 549 - Bedford

Others

Energy Description Electric,Natural Gas

Acceptable Financing NOC6338979

Listing Terms NOC6338979

NEARBY SCHOOL & BUSINESS

Amber Lesnick

Amber Lesnick

Managing Broker/Owner

+1(515) 229-3402

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407 Main ST