Covington, IN Commercial Real Estate for Sale

Notify Me
List
Map
Perrysville, IN Williamsport, IN Veedersburg, IN Danville, IL West Lebanon, IN Tilton, IL Hillsboro, IN Attica, IN
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
View details
NNN Leased Dollar General Store
Updated: Oct 15, 2024
NNN Leased Dollar General Store

421 Jefferson St, Covington, IN 47932

$825,000
8,078 sqft
Long‑term NN leased Dollar General with 4 years remaining.
Fortune 150 Investment Grade Tenant with a Corporate Guarantee and Strong BBB Credit Rating.
Strong Placer AI traffic indicating strong sales.
Located in downtown Covington, the seat of Fountain County, Indiana.
High‑traffic location near US Hwy 136, retail, grocery, banks, restaurants, offices, and the Fountain County courthouse.
View details
Single-Tenant Bank Building
Single-Tenant Bank Building

401 Washington St, Covington, IN 47932

Contact for pricing
6,364 sqft

Single-tenant bank with a lease running until 2029 and multiple five-year renewal options.

View details
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 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.

View details
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.

View details
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.

View details
Diverse Agricultural Land with Pond
Diverse Agricultural Land with Pond

5150 W Wander Road, Williamsport, IN 47993

$1,375,000
144.00 AC lot

Mixed-use acreage with tillable ground, mature timber, trails, and private water features.

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.

619 4th St
PARKING LOT

619 4th St, Covington, IN 47932

Estimated value:
$245,000
0.20 AC lot
View details
215 Pearl St
OFFICE (GENERAL)

215 Pearl St, Covington, IN 47932-1061

Estimated value:
$170,000
1,014 sqft 0.10 AC lot
View details
214 4th St
OFFICE (GENERAL)

214 4th St, Covington, IN 47932-1222

Estimated value:
$160,000
704 sqft 0.03 AC lot
View details
2210 Us Hwy 136
COMMERCIAL (GENERAL)

2210 Us Hwy 136, Covington, IN 47932

Estimated value:
$260,000
0.60 AC lot
View details
212 4th St
OFFICE (GENERAL)

212 4th St, Covington, IN 47932-1222

Estimated value:
$170,000
704 sqft 0.03 AC lot
View details
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
View details
312 4th St
COMMERCIAL (GENERAL)

312 4th St, Covington, IN 47932-1225

Estimated value:
$260,000
4,158 sqft 0.07 AC lot
View details
1327 2nd St
OFFICE (GENERAL)

1327 2nd St, Covington, IN 47932-1009

Estimated value:
$265,000
9,000 sqft 1.11 AC lot
View details
303 Washington St
OFFICE (GENERAL)

303 Washington St, Covington, IN 47932-1256

Estimated value:
$235,000
9,774 sqft 0.12 AC lot
View details
318 4th St
THEATER (MOVIE)

318 4th St, Covington, IN 47932-1225

Estimated value:
$255,000
3,298 sqft 0.10 AC lot
View details
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
View details
305 Un St
OFFICE (GENERAL)

305 Un St, Covington, IN 47932-1251

Estimated value:
$205,000
3,450 sqft 0.23 AC lot
View details
121 11th St
CAR WASH

121 11th St, Covington, IN 47932

Estimated value:
$255,000
0.41 AC lot
View details
419 Liberty St
VACANT COMMERCIAL LAND

419 Liberty St, Covington, IN 47932-1245

Estimated value:
$240,000
0.04 AC lot
View details
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
View details
309 Washington St
COMMERCIAL (GENERAL)

309 Washington St, Covington, IN 47932-1256

Estimated value:
$180,000
2,220 sqft 0.05 AC lot
View details
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
View details
216 Un St
OFFICE (GENERAL)

216 Un St, Covington, IN 47932-1248

Estimated value:
$335,000
10,139 sqft 0.84 AC lot
View details
122 Water St
COMMERCIAL (GENERAL)

122 Water St, Covington, IN 47932

Estimated value:
$270,000
0.82 AC lot
View details
188 Stringtown Rd
CONVENIENCE STORE

188 Stringtown Rd, Covington, IN 47932-8002

Estimated value:
$280,000
2,390 sqft 1.22 AC lot
View details
515 3rd St
VACANT COMMERCIAL LAND

515 3rd St, Covington, IN 47932-1119

Estimated value:
$250,000
0.29 AC lot
View details

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 22,442 square feet of properties for sale, with an estimated market value of $1,650,000.

Sale prices for business properties in Covington, IN average $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.

List
Map

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 $446.7K

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%

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings