215 Pearl St Covington, IN 47932-1061
This versatile 1,014 square foot mixed-use building in Covington, Indiana, presents a fantastic investment opportunity. Located at 215 Pearl St, this property boasts a prime commercial location, situated on two city lots and conveniently positioned next to McDonald's and near Casey's gas station. The building, renovated in 2020, offers a flexible layout ideal for a variety of businesses. The interior features a spacious display/office desk area, perfect for showcasing products or providing ample workspace. A smaller conference room/office/breakroom provides a dedicated space for meetings or private work. Additional functional space includes a utility/storage area and a restroom. The building's 1,014 square feet of net rentable space offers ample room for operations, while its convenient location ensures high visibility and accessibility for customers and employees. This property is a blend of retail and office space, making it suitable for a wide range of commercial uses. The asking price is $249,000. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a thriving Indiana community. The property's proximity to established businesses further enhances its appeal and potential for success.
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Warren Agency, Inc. Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.