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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

    $2,297,000
    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
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 66 Potential Opportunities for your consideration. Besides 2 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.

    Flex Space Building with Garage Door
    Flex Space Building with Garage Door

    200 N Monroe Street, Williamsport, IN 47993

    Contact for pricing
    5,919 sqft

    Mixed-use layout includes first-floor retail and warehouse space with a 9-foot garage door and a flexible second-floor plan.

    View details
    Vacant Retail Building at Intersection
    Vacant Retail Building at Intersection

    1232 E Main St, Danville, IL 61832

    $115,000
    1,760 sqft

    Vacant retail building positioned on a signalized intersection with excellent ingress/egress and visibility.

    View details
    High-Visibility Retail Building
    High-Visibility Retail Building

    500 28 Highway, Williamsport, IN 47993

    $399,000
    1.11 AC lot

    Vacant retail property formerly operated as a grocery store, featuring an open layout and detached garage for added flexibility.

    View details
    Established Bar & Grill Opportunity
    Established Bar & Grill Opportunity

    3124 Perrysville Road, Danville, IL 61834

    $599,900
    0.50 AC lot

    Turnkey bar and grill with equipment in southeast Danville.

    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 Zoned Commercial Land Site
    C-2 Zoned Commercial Land Site

    575 S Williamsport Lot 2 Road, Williamsport, IN 47993

    $129,000
    2.00 AC lot

    Zoned C-2 and sized for flexible commercial use, with seller support for build-to-suit development.

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    Commercial Land Zoned C-2
    Commercial Land Zoned C-2

    575 S Williamsport Lot 1 Road, Williamsport, IN 47993

    $129,000
    2.00 AC lot

    Two-acre commercial parcel zoned C-2, with seller flexibility for build-to-suit development.

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

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

    $129,000
    2.00 AC lot

    Approximately 2 acres zoned C-2, offering flexibility for commercial development with build-to-suit support from the seller.

    View details
    Zoned Commercial Development Land
    Zoned Commercial Development Land

    S Elm Street, Crawfordsville, IN 47933

    $750,000
    5.00 AC lot

    5-acre in-city land zoned B-3, suited for a range of commercial development plans.

    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

    Value Estimation by Request
    0.20 AC lot
    View details
    316 Liberty St
    RETAIL STORES (PERSONAL SERVICES)

    316 Liberty St, Covington, IN 47932-1243

    Value Estimation by Request
    4,290 sqft 0.07 AC lot
    View details
    121 11th St
    CAR WASH

    121 11th St, Covington, IN 47932

    Value Estimation by Request
    0.41 AC lot
    View details
    2522 Us Hwy 136
    RETAIL STORES (PERSONAL SERVICES)

    2522 Us Hwy 136, Covington, IN 47932-8102

    Value Estimation by Request
    1,890 sqft 1.75 AC lot
    View details
    1651 Salem Church Rd
    RETAIL STORES (PERSONAL SERVICES)

    1651 Salem Church Rd, Covington, IN 47932

    Value Estimation by Request
    4,414 sqft 0.75 AC lot
    View details
    188 Stringtown Rd
    CONVENIENCE STORE

    188 Stringtown Rd, Covington, IN 47932-8002

    Value Estimation by Request
    2,390 sqft 1.22 AC lot
    View details
    1126 Liberty St
    RESTAURANT

    1126 Liberty St, Covington, IN 47932-1627

    Value Estimation by Request
    20,703 sqft 2.83 AC lot
    View details
    217 3rd St
    RETAIL STORES (PERSONAL SERVICES)

    217 3rd St, Covington, IN 47932

    Value Estimation by Request
    7,728 sqft 0.22 AC lot
    View details
    205 4th St
    RETAIL STORES (PERSONAL SERVICES)

    205 4th St, Covington, IN 47932-1223

    Value Estimation by Request
    7,842 sqft 0.46 AC lot
    View details
    501 3rd St
    RETAIL STORES (PERSONAL SERVICES)

    501 3rd St, Covington, IN 47932

    $760,000
    Estimated value
    12,047 sqft 0.61 AC lot
    View details
    210 Jefferson St
    AUTO REPAIR, GARAGE

    210 Jefferson St, Covington, IN 47932-1151

    Value Estimation by Request
    784 sqft 0.15 AC lot
    View details
    421 3rd St
    CAR WASH

    421 3rd St, Covington, IN 47932

    Value Estimation by Request
    1,124 sqft 0.07 AC lot
    View details
    210 3rd St
    AUTO REPAIR, GARAGE

    210 3rd St, Covington, IN 47932-1215

    Value Estimation by Request
    2,837 sqft 0.09 AC lot
    View details
    225 11th St
    RETAIL STORES (PERSONAL SERVICES)

    225 11th St, Covington, IN 47932-1618

    Value Estimation by Request
    2,684 sqft 0.40 AC lot
    View details
    421 Jefferson St
    RETAIL STORES (PERSONAL SERVICES)

    421 Jefferson St, Covington, IN 47932-1169

    $545,000
    Estimated value
    8,000 sqft 0.40 AC lot
    View details
    506 4th St
    GYM, HEALTH SPA

    506 4th St, Covington, IN 47932-1127

    Value Estimation by Request
    7,680 sqft 0.40 AC lot
    View details
    314 Liberty St
    RETAIL STORES (PERSONAL SERVICES)

    314 Liberty St, Covington, IN 47932-1243

    Value Estimation by Request
    1,760 sqft 0.09 AC lot
    View details
    221 Pearl St
    RESTAURANT

    221 Pearl St, Covington, IN 47932-1061

    Value Estimation by Request
    1,971 sqft 0.96 AC lot
    View details
    305 Washington St
    RETAIL STORES (PERSONAL SERVICES)

    305 Washington St, Covington, IN 47932-1256

    Value Estimation by Request
    2,128 sqft 0.05 AC lot
    View details
    602 Market St
    AUTO REPAIR, GARAGE

    602 Market St, Covington, IN 47932-1051

    Value Estimation by Request
    1,664 sqft 0.10 AC lot
    View details
    2200 Coffing Brothers Rd
    RETAIL STORES (PERSONAL SERVICES)

    2200 Coffing Brothers Rd, Covington, IN 47932

    Value Estimation by Request
    3,312 sqft 2.06 AC lot
    View details
    1050 1650th N
    RETAIL STORES (PERSONAL SERVICES)

    1050 1650th N, Covington, IN 47932-7041

    Value Estimation by Request
    2.30 AC lot
    View details

    Covington, IN Retail Properties & Spaces Market Trends and Statistics

    Explore 58 retail properties & spaces for sale in Covington, IN on our real estate platform. These investment opportunities span a total of 14,364 square feet of properties for sale, with an estimated market value of $3,122,000.

    Sale prices for stores in Covington, IN start at $825,000, averaging $1,561,000, and reaching up to $2,297,000 — 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
    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 $5M

    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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