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    Covington, IN
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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

    $2,297,000
    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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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Former Bank Branch For Sale
    Former Bank Branch For Sale

    101 Meadowview Center, Kankakee, IL 60901

    $500,000
    7,231 sqft

    Former bank branch with drive-thru, ideal for retail.

    View details
    Standalone Drive-Through Bank Building
    Standalone Drive-Through Bank Building

    525 E Hartman Road, Anderson, IN 46012

    $270,000
    1.35 AC lot

    Standalone bank building with a drive-through canopy and ample parking on a large corner lot, zoned for B-1 uses.

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    Bank Branch with Drive-Through
    Bank Branch with Drive-Through

    1370 W Court St, Kankakee, IL 60901

    $369,000

    Prime location equipped for bank or adaptable for retail.

    View details
    Historic 7-Story Bank Building
    Historic 7-Story Bank Building

    931 Meridian St, Anderson, IN 46016

    Contact for pricing
    57,000 sqft

    Seven-story historic bank building built in 1928 with nearly 57,000 square feet of commercial space.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Richmond, KY Out Parcel Land
    Richmond, KY Out Parcel Land

    2072 Merchant Drive, Richmond, KY 40475

    $1,400,000
    1.71 AC lot

    1.71 acre outparcel ideal for retail, restaurant, or office.

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    Hard-Lighted Corner Development Site
    Hard-Lighted Corner Development Site

    -- Highway 412, E Kenwood, Siloam Springs, AR 72761

    $735,000
    8,252 sqft 1.47 AC lot

    Entitled, turn-key development parcel with hard-lighted corner and highway frontage off Hwy 412 for multiple commercial uses.

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    Commercial Land in Terrytown
    Commercial Land in Terrytown

    121 Holmes Boulevard, Terrytown, LA 70056

    $65,000

    Vacant commercial land ready for development in Terrytown, Louisiana.

    View details
    Cape Coral Commercial Land Opportunity
    Cape Coral Commercial Land Opportunity

    Del Prado Blvd N & De Navarra Pkwy, Cape Coral, FL 33909

    $1,692,300
    2.59 AC lot

    Corner property near US 41, approved for development.

    View details

    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

    Value Estimation by Request
    5,616 sqft 0.77 AC lot
    View details
    315 Washington St
    FINANCIAL BUILDING

    315 Washington St, Covington, IN 47932-1256

    Value Estimation by Request
    1,586 sqft 0.18 AC lot
    View details
    416 Jefferson St
    FINANCIAL BUILDING

    416 Jefferson St, Covington, IN 47932

    Value Estimation by Request
    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, with an estimated market value of $2,297,000.

    Sale prices for bank buildings in Covington, IN start at $2,297,000, averaging $2,297,000, and reaching up to $2,297,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Banks 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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