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!
- Basement:
- Partial, Storage Space, Block
- Parking:
- Asphalt
- Flooring:
- Carpet, Vinyl
- Sewer:
- City Sewer/Connected
- Utilities:
- Electric Separate, Heating Separate, Hot Water Separate
- Architectural Style:
- Business
- Appliances:
- Range, Refrigerator, Disposal, Washer, Dryer, Electric Water Heater, Exhaust Fan
- Country:
- US
- State:
- IA
- County:
- Taylor
- City:
- Bedford
- Zipcode:
- 50833
- Street:
- Main
- Street Number:
- 407
- Street Suffix:
- Street
- 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
- Agent First Name:
- Douglas Thompson
- Office Name:
- Red Brick Realty
- List Office MLSID:
- WCIR344500113
- Association Fee:
- $0
- Sold Price:
- $0
- Original List Price:
- $0
- Prior List Price:
- $0
- List Price Low:
- $0
- List Price High:
- $0
- Insurance Fee:
- $0
- Percent Price Difference:
- $0
- Search Price:
- $0
- Gross Income:
- $0
- NetIncome:
- $0
- Expense Insurance:
- $0
- Gross Taxes:
- $0
- Tax With Assessments:
- $0
- Net Taxes:
- $0
- 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
- Accessibility Features:
- None
- Association Amenities:
- Laundry, Deck
- Building Size:
- 6066
- Construction Materials:
- Block
- Current Use:
- Business, Office, Residential, Recreational
- Tax Annual Amount:
- 1568
- List Agent Mls Id:
- 219176
- List Office Mls Id:
- WCIR344500113
- Mls Status:
- Active
- Modification Timestamp:
- 2026-06-06T01:01:39Z
- Originating System Name:
- NoCoast
- Co List Agent Mls Id:
- WC082842827
- Co List Office Mls Id:
- WCIR344500113
- Co List Office Name:
- Red Brick Realty
Commercial Sale
407 Main Street, Bedford, Iowa 50833
- Listing Status :
- Active
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Listing ID :
- 6338979
- Price :
- $140,000
- Lot Area :
- 0.12 Acre
- Year Built :
- 1904
- Roof:
- Rubber
