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Covington, IN

Covington, IN Commercial Real Estate for Sale

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Perrysville, IN Williamsport, IN Veedersburg, IN Danville, IL Kingman, IN Tilton, IL Hillsboro, IN Attica, IN

Mixed-Use Building with Garage

Updated: Oct 7

Mixed-Use Building with Garage

210 3rd St, Covington, IN 47932

$150,000

2,387 sqft

2,387‑square‑foot mixed‑use building divided into two units
North unit has approximately 1,200 square feet of garage space and room for up to three vehicles
Garage area features 13‑foot ceilings, overhead doors, three‑phase electric, 220‑volt power, and exhaust fans
South unit includes a kitchenette, restroom, storage, and forced‑air heating and cooling
Roof and gutters replaced in 2024; HVAC dates to approximately 3–4 years ago

NNN Leased Dollar General Store

Updated: Nov 21, 2025

NNN Leased Dollar General Store

421 Jefferson St, Covington, IN 47932

$825,000

8,000 sqft

Fortune 150 Investment Grade Tenant (Dollar General)
Corporate Guarantee with Strong BBB Credit Rating
High Placer AI Traffic indicating strong sales
3+ Years of Lease Term Remaining
Center City Location with high walk traffic and proximity to retail, banks, and government buildings

NNN Leased Dollar General Store

NNN Leased Dollar General Store

421 Jefferson St, Covington, IN 47932

$825,000

8,078 sqft

Long-term NNN leased Dollar General in downtown Covington, Indiana.

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 76 Potential Opportunities for your consideration. Besides 3 Active listings in Covington, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 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.

Specialty Religious Facility Building

Specialty Religious Facility Building

5655 W 500 S, Williamsport, IN 47993

$674,900

12,804 sqft 10.00 AC lot

A 10-acre church facility with multiple classrooms, offices, kitchen amenities, and restrooms.

Large-Block Office Building

Large-Block Office Building

3290 East Main Street, Danville, IL 61834

Contact for pricing

63,123 sqft 7.45 AC lot

Office facility subject to an Absolute NNN lease with repositioning flexibility under I-1 Light Industrial zoning.

42-Unit Hotel with Interior Corridors

42-Unit Hotel with Interior Corridors

360 Eastgate Dr, Danville, IL 61834

Contact for pricing

30,584 sqft

Two-story hospitality property with on-site manager’s quarters and a 2023 Baymont conversion.

Productive Tilled Farmland Tract

Productive Tilled Farmland Tract

FRYE HILL RD WILLIAMSPORT IN 47993, Williamsport, IN 47993

Contact for pricing

52.37 AC lot

Productive tillable farmland currently planted in soybeans, offered for separate purchase or as part of an adjoining package.

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.

619 4th St

PARKING LOT

619 4th St, Covington, IN 47932

Estimated value:

$245,000

0.20 AC lot

215 Pearl St

OFFICE (GENERAL)

215 Pearl St, Covington, IN 47932-1061

Estimated value:

$170,000

1,014 sqft 0.10 AC lot

214 4th St

OFFICE (GENERAL)

214 4th St, Covington, IN 47932-1222

Estimated value:

$160,000

704 sqft 0.03 AC lot

2210 Us Hwy 136

COMMERCIAL (GENERAL)

2210 Us Hwy 136, Covington, IN 47932

Estimated value:

$260,000

0.60 AC lot

212 4th St

OFFICE (GENERAL)

212 4th St, Covington, IN 47932-1222

Estimated value:

$170,000

704 sqft 0.03 AC lot

316 Liberty St

RETAIL STORES (PERSONAL SERVICES)

316 Liberty St, Covington, IN 47932-1243

Estimated value:

$275,000

4,290 sqft 0.07 AC lot

312 4th St

COMMERCIAL (GENERAL)

312 4th St, Covington, IN 47932-1225

Estimated value:

$260,000

4,158 sqft 0.07 AC lot

1327 2nd St

OFFICE (GENERAL)

1327 2nd St, Covington, IN 47932-1009

Estimated value:

$265,000

9,000 sqft 1.11 AC lot

303 Washington St

OFFICE (GENERAL)

303 Washington St, Covington, IN 47932-1256

Estimated value:

$235,000

9,774 sqft 0.12 AC lot

318 4th St

THEATER (MOVIE)

318 4th St, Covington, IN 47932-1225

Estimated value:

$255,000

3,298 sqft 0.10 AC lot

2384 Us Hwy 136

BOWLING ALLEY

2384 Us Hwy 136, Covington, IN 47932-8100

Estimated value:

$300,000

12,175 sqft 3.50 AC lot

305 Un St

OFFICE (GENERAL)

305 Un St, Covington, IN 47932-1251

Estimated value:

$205,000

3,450 sqft 0.23 AC lot

121 11th St

CAR WASH

121 11th St, Covington, IN 47932

Estimated value:

$255,000

0.41 AC lot

419 Liberty St

VACANT COMMERCIAL LAND

419 Liberty St, Covington, IN 47932-1245

Estimated value:

$240,000

0.04 AC lot

2522 Us Hwy 136

RETAIL STORES (PERSONAL SERVICES)

2522 Us Hwy 136, Covington, IN 47932-8102

Estimated value:

$240,000

1,890 sqft 1.75 AC lot

309 Washington St

COMMERCIAL (GENERAL)

309 Washington St, Covington, IN 47932-1256

Estimated value:

$180,000

2,220 sqft 0.05 AC lot

1651 Salem Church Rd

RETAIL STORES (PERSONAL SERVICES)

1651 Salem Church Rd, Covington, IN 47932

Estimated value:

$285,000

4,414 sqft 0.75 AC lot

216 Un St

OFFICE (GENERAL)

216 Un St, Covington, IN 47932-1248

Estimated value:

$335,000

10,139 sqft 0.84 AC lot

122 Water St

COMMERCIAL (GENERAL)

122 Water St, Covington, IN 47932

Estimated value:

$270,000

0.82 AC lot

188 Stringtown Rd

CONVENIENCE STORE

188 Stringtown Rd, Covington, IN 47932-8002

Estimated value:

$280,000

2,390 sqft 1.22 AC lot

515 3rd St

VACANT COMMERCIAL LAND

515 3rd St, Covington, IN 47932-1119

Estimated value:

$250,000

0.29 AC lot

Covington, IN Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Covington, IN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 18,465 square feet of properties for sale, with an estimated market value of $1,800,000.

Sale prices for business properties in Covington, IN start at $150,000, averaging $600,000, and reaching up to $825,000 — 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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Demographics Overview

Population 5,193

Population Growth (5Y) +3.8%

Median Household Income $59,365

College Educated 28.6%

High-Yield Neighborhoods for Investment

Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
47932	$825K

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%

How Realmo verifies these figures

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47932

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LEGACY LAND AND HOMES OF INDIANA

1014 SUNSET DRIVE. Covington, IN

Phone: (765) 230-6572

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