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Covington, IN Banks for Sale

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Single-Tenant Bank Building
Updated: Mar 26
Single-Tenant Bank Building

401 Washington St, Covington, IN 47932

Contact for pricing
6,364 sqft
Single‑tenant bank with lease term running until 2029
Lease includes four five‑year option periods
Annual rent increases throughout the remaining lease term and option periods
Tenant includes First Mid Illinois Bank & Trust and Old National Bank
Investment includes a corporately guaranteed lease
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Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Two-Story Mixed-Use Building
Two-Story Mixed-Use Building

808 Vale Park Road, Valparaiso, IN 46383

$2,000,000
13,608 sqft 1.83 AC lot

The property combines banking and hospice occupancy with drive-through lanes.

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Two-Story Mixed-Use Building
Two-Story Mixed-Use Building

808 Vale Park Rd, Valparaiso, IN 46383

$2,000,000
13,608 sqft

Banking and hospice operations occupy separate areas, with drive-through lanes serving the banking component.

View details
Freestanding Bank Branch with Drive-Through
Freestanding Bank Branch with Drive-Through

3605 N Broadway Ave, Muncie, IN 47303

$649,000
1,880 sqft

Vacant freestanding former bank with two units and prominent Broadway frontage, featuring an existing drive-through canopy.

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3-Story Multi-Tenant Office Building
3-Story Multi-Tenant Office Building

400 N High St, Muncie, IN 47305

$3,490,000
41,502 sqft

Three-story, 100% occupied office building with nine tenant spaces and remodeling updates across a majority of units.

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Off-Market Properties in Covington, IN

Consider similar Off-Market properties in Covington, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

401 Washington St
FINANCIAL BUILDING

401 Washington St, Covington, IN 47932-1258

Estimated value:
$275,000
5,616 sqft 0.77 AC lot
View details
315 Washington St
FINANCIAL BUILDING

315 Washington St, Covington, IN 47932-1256

Estimated value:
$235,000
1,586 sqft 0.18 AC lot
View details
416 Jefferson St
FINANCIAL BUILDING

416 Jefferson St, Covington, IN 47932

Estimated value:
$235,000
336 sqft 0.40 AC lot
View details

Covington, IN Banks Market Trends and Statistics

Explore 4 banks for sale in Covington, IN on our real estate platform. These investment opportunities span a total of 6,364 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Auto shops 1
Automotive properties 1
Banks 1
Grocery and convenience stores 1
Storefront properties 1

Demographics Overview

Population 5,193
Population Growth (5Y) +3.8%
Median Household Income $59,365
College Educated 28.6%

Taxes & Financing

Tax Rate (average for all types) 1.89%
Property Tax per SF $29.09 per SF
Tax Rate vs County Average 0.18 pp below county avg
Average Loan-to-Value 65.0%

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