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    Covington, IN
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    Covington, IN Retail Properties & Spaces for Sale

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    NNN Leased Dollar General Store
    Updated: Nov 21, 2025
    NNN Leased Dollar General Store

    421 Jefferson St, Covington, IN 47932

    $825,000
    8,000 sqft
    Fortune 150 Investment Grade Tenant (Dollar General)
    Corporate Guarantee with Strong BBB Credit Rating
    High Placer AI Traffic indicating strong sales
    3+ Years of Lease Term Remaining
    Center City Location with high walk traffic and proximity to retail, banks, and government buildings
    View details
    Single-Tenant Bank Building
    Updated: Mar 26
    Single-Tenant Bank Building

    401 Washington St, Covington, IN 47932

    Contact for pricing
    6,364 sqft
    Single‑tenant bank with lease term running until 2029
    Lease includes four five‑year option periods
    Annual rent increases throughout the remaining lease term and option periods
    Tenant includes First Mid Illinois Bank & Trust and Old National Bank
    Investment includes a corporately guaranteed lease
    View details
    NNN Leased Dollar General Store
    NNN Leased Dollar General Store

    421 Jefferson St, Covington, IN 47932

    $825,000
    8,078 sqft

    Long-term NNN leased Dollar General in downtown Covington, Indiana.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 67 Potential Opportunities for your consideration. Besides 3 Active listings in Covington, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 56 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Storefront Property
    Storefront Property

    114 N Monroe St, Williamsport, IN 47993

    $164,900
    6,440 sqft

    Storefront property located on N Monroe Street in Williamsport.

    View details
    Drive-Through Restaurant Building
    Drive-Through Restaurant Building

    2201 E MAIN ST, Danville, IL 61832

    Contact for pricing
    3,000 sqft

    Configured for food service with a kitchen, customer seating, storefront parking, and B-2 Highway Business zoning.

    View details
    Flex Space Building in Williamsport
    Flex Space Building in Williamsport

    200 N Monroe St, Williamsport, IN

    Contact for pricing
    5,919 sqft 0.10 AC lot

    Flex space with retail, warehouse, and apartment potential.

    View details
    Stand-Alone Retail Building For Sale
    Stand-Alone Retail Building For Sale

    842 E Main St, Danville, IL 61832

    Contact for pricing
    13,500 sqft

    13,500 SF stand-alone retail building on Danville's main corridor.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    C-2 Commercial Land
    C-2 Commercial Land

    575 S Williamsport Lot 2 Road, Williamsport, IN 47993

    $129,000
    2.00 AC lot

    Commercial land with C-2 zoning and seller-supported build-to-suit capability.

    View details
    C-2 Commercial Land
    C-2 Commercial Land

    575 S Williamsport Lot 1 Road, Williamsport, IN 47993

    $129,000
    2.00 AC lot

    Commercial land with build-to-suit capability under C-2 zoning.

    View details
    Commercial Land with Build-to-Suit Option
    Commercial Land with Build-to-Suit Option

    500 S US Hwy 41 Lot 3, Williamsport, IN 47993

    $129,000
    2.00 AC lot

    C-2 zoning supports commercial development, with seller-provided build-to-suit construction available.

    View details
    Commercial Land Development Site
    Commercial Land Development Site

    S Elm Street, Crawfordsville, IN 47933

    $750,000
    5.00 AC lot

    Five-acre B-3-zoned site with public water and sewer within Crawfordsville city limits.

    View details

    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.

    619 4th St
    PARKING LOT

    619 4th St, Covington, IN 47932

    $245,000
    Estimated value
    0.20 AC lot
    View details
    316 Liberty St
    RETAIL STORES (PERSONAL SERVICES)

    316 Liberty St, Covington, IN 47932-1243

    $275,000
    Estimated value
    4,290 sqft 0.07 AC lot
    View details
    121 11th St
    CAR WASH

    121 11th St, Covington, IN 47932

    $255,000
    Estimated value
    0.41 AC lot
    View details
    2522 Us Hwy 136
    RETAIL STORES (PERSONAL SERVICES)

    2522 Us Hwy 136, Covington, IN 47932-8102

    $240,000
    Estimated value
    1,890 sqft 1.75 AC lot
    View details
    1651 Salem Church Rd
    RETAIL STORES (PERSONAL SERVICES)

    1651 Salem Church Rd, Covington, IN 47932

    $285,000
    Estimated value
    4,414 sqft 0.75 AC lot
    View details
    188 Stringtown Rd
    CONVENIENCE STORE

    188 Stringtown Rd, Covington, IN 47932-8002

    $280,000
    Estimated value
    2,390 sqft 1.22 AC lot
    View details
    1126 Liberty St
    RESTAURANT

    1126 Liberty St, Covington, IN 47932-1627

    $495,000
    Estimated value
    20,703 sqft 2.83 AC lot
    View details
    217 3rd St
    RETAIL STORES (PERSONAL SERVICES)

    217 3rd St, Covington, IN 47932

    $260,000
    Estimated value
    7,728 sqft 0.22 AC lot
    View details
    205 4th St
    RETAIL STORES (PERSONAL SERVICES)

    205 4th St, Covington, IN 47932-1223

    $250,000
    Estimated value
    7,842 sqft 0.46 AC lot
    View details
    501 3rd St
    RETAIL STORES (PERSONAL SERVICES)

    501 3rd St, Covington, IN 47932

    $335,000
    Estimated value
    12,047 sqft 0.61 AC lot
    View details
    210 Jefferson St
    AUTO REPAIR, GARAGE

    210 Jefferson St, Covington, IN 47932-1151

    $190,000
    Estimated value
    784 sqft 0.15 AC lot
    View details
    421 3rd St
    CAR WASH

    421 3rd St, Covington, IN 47932

    $215,000
    Estimated value
    1,124 sqft 0.07 AC lot
    View details
    210 3rd St
    AUTO REPAIR, GARAGE

    210 3rd St, Covington, IN 47932-1215

    $85,000
    Estimated value
    2,837 sqft 0.09 AC lot
    View details
    225 11th St
    RETAIL STORES (PERSONAL SERVICES)

    225 11th St, Covington, IN 47932-1618

    $295,000
    Estimated value
    2,684 sqft 0.40 AC lot
    View details
    421 Jefferson St
    RETAIL STORES (PERSONAL SERVICES)

    421 Jefferson St, Covington, IN 47932-1169

    $300,000
    Estimated value
    8,000 sqft 0.40 AC lot
    View details
    506 4th St
    GYM, HEALTH SPA

    506 4th St, Covington, IN 47932-1127

    $255,000
    Estimated value
    7,680 sqft 0.40 AC lot
    View details
    314 Liberty St
    RETAIL STORES (PERSONAL SERVICES)

    314 Liberty St, Covington, IN 47932-1243

    $190,000
    Estimated value
    1,760 sqft 0.09 AC lot
    View details
    221 Pearl St
    RESTAURANT

    221 Pearl St, Covington, IN 47932-1061

    $330,000
    Estimated value
    1,971 sqft 0.96 AC lot
    View details
    305 Washington St
    RETAIL STORES (PERSONAL SERVICES)

    305 Washington St, Covington, IN 47932-1256

    $205,000
    Estimated value
    2,128 sqft 0.05 AC lot
    View details
    602 Market St
    AUTO REPAIR, GARAGE

    602 Market St, Covington, IN 47932-1051

    $385,000
    Estimated value
    1,664 sqft 0.10 AC lot
    View details
    2200 Coffing Brothers Rd
    RETAIL STORES (PERSONAL SERVICES)

    2200 Coffing Brothers Rd, Covington, IN 47932

    $225,000
    Estimated value
    3,312 sqft 2.06 AC lot
    View details

    Covington, IN Retail Properties & Spaces Market Trends and Statistics

    Explore 59 retail properties & spaces for sale in Covington, IN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 22,442 square feet of properties for sale, with an estimated market value of $1,650,000.

    Sale prices for stores 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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