407 Main St, Bedford, IA 50833

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!