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Property profile & analytics
OFF-MARKET
Office Spaces

215 Pearl St Covington, IN 47932-1061

1,014 SF 0.1 ac lot Built 1930
Individually Owned Absentee Owner Free & Clear
Property ID
US31-1617123
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1930
Construction WOOD
Total area 1,014 SF
Lot 0.1 ac (4,356 SF)
APN 23-06-26-426-181.001-016
UPID US31-1617123
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
Current use
Occupant on record · Public records
  • Warren Agency, Inc. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
David R Slider
David R Slider
since 2025
2 recorded transactions
2025
Price N/A
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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