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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

    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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.

    Freestanding Bank Building with Drive-Thru
    Freestanding Bank Building with Drive-Thru

    525 E Hartman Road, Anderson, IN 46012

    $270,000
    1.35 AC lot

    B-1-zoned corner property with a drive-thru canopy and flexible commercial use potential.

    View details
    New PNC Bank For Sale
    New PNC Bank For Sale

    309 N Washington St, Crawfordsville, IN 47933

    Contact for pricing
    3,000 sqft

    Brand-new PNC Bank with a 15-year absolute NNN lease.

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    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.

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    Divisible Bank Building
    Divisible Bank Building

    100 S Justus St, Oxford, IN 47971

    Contact for pricing

    Bank building offers divisible space with separate south and north side areas for flexible occupancy.

    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

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

    315 Washington St, Covington, IN 47932-1256

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

    416 Jefferson St, Covington, IN 47932

    $235,000
    Estimated value
    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

    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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