1528 16th Street, Bedford, IN
Multi-Use for Sale - $112,900 - 2,808 Sq. Ft. on 0.21 acres

Property Info
| CIMLS# | 117336 |
| Location 1528 16th Street Bedford IN 47421 | |
| Updated | July 31st, 2010 |
| Type | Multi-Use |
| Price | $112,900 |
| Building | 2,808 Sq. Ft. |
| Land | 0.21 acres |
Property Description
2 Story Victorian style property currently used for business. Great location on a corner lot with high traffic count. New in 2000 roof, vinyl siding. New 2003 2-gas forced air furnaces. Garage rented month to month. Apartment leased. Many uses for this prop, lots of space. 1528 16th Street, Bedford - corner of 16th & P Streets. 16th Street is the main thoroughfare in Bedford and this centrally-located property is within walking distance of most services and businesses in the area. The property contains a second-story, one bedroom apartment that is situated above three offices. Entry to the apartment is from the inside of the building - there is no outside access to the apartment. The building is actually a beautiful old house that has been modernized as a combination commercial/residential property. Primary access to the building is the back door on the back porch. The property also contains a two-bay garage. The property is capable of producing revenue from five sources: the three offices, the apartment and the garage. There are three offices on the main level (15.3 x 15.1, 13.3 x 13.7, 15.1 x 14.2) and each has DSL connectivity. Each office has its own entry door. Two of the offices are divided by French doors that may be opened to create a larger office space. Each office has several windows that offer an abundance of natural light. All offices and the downstairs kitchen/break room are carpeted. General Description of Apartment: The property includes an upstairs bedroom apartment with living room, kitchen and bathroom. The apartment includes a refrigerator and stove. Washer and dryer are available in the basement. There is a beautiful wooden stairway leading upstairs to the apartment. General Description of Garage: Detached two-bay garage is suitable for storage of automobiles and is zoned for some types of businesses. The garage contains a small office area. Currently the garage does not contain a restroom or a furnace. However, the garage is capable of producing a monthly income stream with the right tenant. Garage has its own electric meter.
Signage: The property includes a large sign frame structure and electricity to illuminate sign panels. The sign utilizes a timer to effectively manage electricity usage. Within Walking Distance:
Schools, Boys Club, Girls Club, Groceries, Churches, Thornton City Park, Schools, Boys Club, Girls Club, Wal-greens, CVS, Churches, Thornton City Park, Bedford Public Library Utilities:
Gas forced air furnace for heat and window A/C units for cooling. Property is currently equipped with Dish Network Satellite TV and DSL from HPCISP. Electric, gas and water each has one meter for the entire office/apartment. However, the offices are heated by a gas furnace located in the basement and the apartment is heated by a gas furnace located in the attic. Each furnace has its own thermostat. Providers include Duke Energy, Vectren and Bedford City Utilities. Property Taxes: Annual - $3,716 (2007 payable 2008) Apartment Dimensions: Bedroom: 13.10 x 15.3 Living Room: 14.8 x 14.8 Kitchen: 13.3 x 13 Bathroom: 12 x 6.11 Apartment contains closets in bedroom and living room, bay windows in living room, bathtub/shower in bathroom and stove, fridge, cabinets and island in kitchen. The apartment has many windows and natural lighting. Floors are wooden, no carpeting. Walls are plaster and drywall. Ceiling fans in each room. Other Information: Shingle Roof - new in 2000 ~ Vinyl Siding - new in 2000 High traffic count ~ Corner lot Zoning - B1 Conven Bus Lot size - 75' x 123' Parking:
Parking is available in the large parking lot in the rear, next to the building. Street parking is also available. Local Schools: Parkview Elementary 3 blocks Bedford Middle School 2 blocks Bedford North Lawrence High School 4 miles St. Vincent DePaul Catholic School 8 blocks
Financials
One apartment upstairs leased
Possible three offices on main floor.
Garage in back of lot leased
