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Mixed-Use Building with Garage
For Sale
$150,000

210 3rd St, Covington, IN 47932

Two month-to-month tenants occupy separately configured spaces, with the option to retain the division or reunite the interior.

Property Size2,387 SF
Price / SF$62.84
Days on Market8

Property Features for 210 3rd St

General Information

Standard status Active
Size 2,387 SF
Occupancy 100%

Site & Location

Highway Access Yes
Utilities to Site Yes

Warehouse & Industrial

Clear Height 13 ft
Warehouse Space 1,200 SF
Voltage 220 V
Three-Phase Power Yes

Amenities

13-foot ceilings
overhead doors
three-phase electric
220-volt power
ventilation/exhaust fans
paint room
office
kitchenette
restroom
utility closet
storage closet
forced-air heating and cooling
city utilities
natural gas
partial off-street parking
small secluded yard

Building Details

Year Renovated 2024
Buildings 1
Building Size 2,387 SF
Tenancy Multi
Listing Agency: Midwest Homes and Land
Listed By: Gina Stalcup
Source: Exprealty
Added: Oct 7 Changed: Oct 13 Last Checked: Oct 13 at 2:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Midwest Homes and Land

Investment Insights

Based on property information with market context.

The 2,387-square-foot mixed-use building is divided into two spaces. The north unit includes approximately 1,200 square feet of unfinished garage area, capacity for up to three vehicles, a small office, and a paint room. Its 13-foot ceilings, overhead doors, three-phase electric, 220-volt power, and exhaust ventilation support a range of commercial functions. The south unit is open in layout and has a kitchenette, restroom, utility and storage closets, and forced-air heating and cooling. Updated drywall, a roof and gutters installed in 2024, and HVAC approximately 3–4 years old are among the improvements. The two spaces may remain separate or be combined into a larger interior.

City utilities and natural gas serve the property. Partial off-street parking and a small enclosed yard are also included. The building is in downtown Covington near shopping, restaurants, and State Route 136. Both units currently have month-to-month tenants.

Key Highlights

  • 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

Property Analytics

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Current Use

Waclaw Body Shop ... Auto Repair Shop

Suggested Use

Top Pick Dental Office Building Supply Skin Care Clinic HVAC Service Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13 ft
Clear height
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

234
Businesses Nearby

Demographics for 47932, IN

5,271
Population
2,502
Households
2.1
Avg Household Size
46
Median Age
22%
College-Educated
94%
High-School Grad
106.3 sq mi
ZIP Area
50
Density / Sq Mi
$59,365
Median Household Income
$40,371
Median Earnings
$835
Median Rent
$171,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two month-to-month tenants occupy separately configured spaces, with the option to retain the division or reunite the interior.
Where is this mixed-use property located?
The property is located at 210 3rd St Covington, IN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 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
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