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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

16502 In-63 Covington, IN 47932

8,000 SF Built 2024
Property ID
Property summary
AI-generated overview

This 8,000 square foot retail building, constructed in 2024, is situated on a 1.52-acre lot in Covington, Indiana, and boasts a prime location directly off I-74 West, easily accessible from the State Road 63 exit. The property is zoned commercial and features a single-story building with multiple tenancy options. Currently, 3,600 square feet of space is available, with a minimum divisible unit of 2,400 square feet. This presents a unique opportunity for businesses seeking high visibility and convenient access to a major interstate. The property's strategic location places it adjacent to a travel plaza housing Arby's and Dunkin', and across State Road 63 from the Beef House Restaurant, ensuring high foot traffic and brand synergy. The property's address is 16502 N. State Road 63, Covington, IN 47932, with the APN number 83-01-04-200-011.000-009 in Vermillion County. This is an exceptional opportunity for businesses seeking a high-traffic location with excellent visibility and accessibility. The building's modern construction and flexible space options make it ideal for a variety of retail uses.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2024
Total area 8,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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