Grocery Store

Covington, IN Grocery And Convenience Stores for Sale

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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.
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 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 Grocery and Convenience Store
Freestanding Grocery and Convenience Store

306 W Springfield Ave W, Urbana, IL 61801

$1,250,000
9,800 sqft 0.75 AC lot

Food retail facility with refrigeration, frozen storage, bakery, kitchen, and café areas.

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Freestanding Gas Station Property
Freestanding Gas Station Property

33 W Brush St, Jamestown, IN 46147

$299,999
9,528 sqft 1.30 AC lot

Retail improvements include an exterior loading dock, on-site parking, and access to I-74.

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Downtown Grocery Market
Downtown Grocery Market

306 W Springfield Avenue W, Urbana, IL 61801

$1,250,000
0.61 AC lot

Freestanding commercial facility includes refrigeration, frozen storage, bakery, kitchen, and café areas.

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Freestanding Gas Station Property
Freestanding Gas Station Property

33 W Brush Street, Jamestown, IN 46147

$299,999
1.30 AC lot

Former gas station with commercial zoning, loading access, on-site utilities, and convenient I-74 access.

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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.

188 Stringtown Rd
CONVENIENCE STORE

188 Stringtown Rd, Covington, IN 47932-8002

Estimated value:
$280,000
2,390 sqft 1.22 AC lot
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401 3rd St
CONVENIENCE STORE

401 3rd St, Covington, IN 47932-1117

Estimated value:
$265,000
1,764 sqft 0.27 AC lot
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215 11th St
CONVENIENCE STORE

215 11th St, Covington, IN 47932-1618

Estimated value:
$290,000
2,284 sqft 0.48 AC lot
View details
311 Pearl St
CONVENIENCE STORE

311 Pearl St, Covington, IN 47932-1063

Estimated value:
$260,000
3,485 sqft 0.40 AC lot
View details

Covington, IN Grocery And Convenience Stores Market Trends and Statistics

Explore 5 grocery and convenience stores for sale in Covington, IN on our real estate platform. These investment opportunities span a total of 8,078 square feet of properties for sale, with an estimated market value of $825,000.

Sale prices for supermarkets 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.

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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%

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%

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