Contact us: 563.441.1776
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!
Property Highlights
Property Type: Commercial - Retail
Year Built: 1904
General Information
County: Taylor
Listed By:
Red Brick Realty
No Coast MLS
MLS ID: 6338979
For Details, Contact
Get in Touch
For Details, Contact
Contact an agent to learn more about
407 Main Street, Bedford, IA 50833.
Mortgage Calculator
Call or Click to get Pre-Approved!
563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $140,000 | $140,000 | $140,000 |
| Down Payment | $28,000 | $4,900 | $35,000 |
| Monthly Mortgage Amount | $681 | $846 | $865 |
| Taxes | $195 | $195 | $195 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $62 | $0 |
| Monthly Estimated Total | $976 | $1,203 | $1,160 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/17/2026. The listing information on this page last changed on 06/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 06/17/2026 1:48:27 AM EST) or MRED MLS (last updated Wed 06/17/2026 1:43:24 AM EST) or SCWMLS (last updated Tue 06/16/2026 11:54:39 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 06/16/2026 10:18:07 PM EST) or Cedar Rapids MLS (last updated Tue 06/16/2026 10:44:15 PM EST) or NEIRBR MLS (last updated Wed 06/17/2026 1:18:40 AM EST) or ICAAR MLS (last updated Tue 06/16/2026 11:37:29 PM EST) or ECIMLS (last updated Tue 06/16/2026 11:44:15 PM EST) or RMLSA (last updated Wed 06/17/2026 1:10:56 AM EST) or Muscatine MLS (last updated Wed 06/17/2026 1:45:10 AM EST) or No Coast MLS (last updated Wed 06/17/2026 12:44:20 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.” Displays of minimal information (e.g. “thumbnails”, text messages, “tweets,” etc., of two hundred (200) characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. For audio delivery of listing content, all required disclosures must be subsequently delivered electronically to the registered consumer performing the property search or linked to through the devices application.
Listings courtesy of No Coast MLS as distributed by MLS GRID.
DMCA Notice:
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Privacy Policy / DMCA Notice / ADA Accessibility
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.” Displays of minimal information (e.g. “thumbnails”, text messages, “tweets,” etc., of two hundred (200) characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. For audio delivery of listing content, all required disclosures must be subsequently delivered electronically to the registered consumer performing the property search or linked to through the devices application.
Listings courtesy of No Coast MLS as distributed by MLS GRID.
DMCA Notice:
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --