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Covington, IN

Retail

Covington, IN Retail Properties & Spaces for Sale

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Perrysville, IN Williamsport, IN Veedersburg, IN Danville, IL Kingman, IN Tilton, IL Hillsboro, IN Attica, IN

Mixed-Use Building with Garage

Updated: Oct 7

Mixed-Use Building with Garage

210 3rd St, Covington, IN 47932

$150,000

2,387 sqft

2,387‑square‑foot mixed‑use building divided into two units
North unit has approximately 1,200 square feet of garage space and room for up to three vehicles
Garage area features 13‑foot ceilings, overhead doors, three‑phase electric, 220‑volt power, and exhaust fans
South unit includes a kitchenette, restroom, storage, and forced‑air heating and cooling
Roof and gutters replaced in 2024; HVAC dates to approximately 3–4 years ago

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

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.

Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads

Single-Tenant Bank Building

Single-Tenant Bank Building

401 Washington St, Covington, IN 47932

Contact for pricing

6,364 sqft

Single-tenant bank with a lease running until 2029 and multiple five-year renewal options.

Based on your search, we've compiled 68 Potential Opportunities for your consideration. Besides 4 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.

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.

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.

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.

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.

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.

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.

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.

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

Estimated value:

$245,000

0.20 AC lot

316 Liberty St

RETAIL STORES (PERSONAL SERVICES)

316 Liberty St, Covington, IN 47932-1243

Estimated value:

$275,000

4,290 sqft 0.07 AC lot

121 11th St

CAR WASH

121 11th St, Covington, IN 47932

Estimated value:

$255,000

0.41 AC lot

2522 Us Hwy 136

RETAIL STORES (PERSONAL SERVICES)

2522 Us Hwy 136, Covington, IN 47932-8102

Estimated value:

$240,000

1,890 sqft 1.75 AC lot

1651 Salem Church Rd

RETAIL STORES (PERSONAL SERVICES)

1651 Salem Church Rd, Covington, IN 47932

Estimated value:

$285,000

4,414 sqft 0.75 AC lot

188 Stringtown Rd

CONVENIENCE STORE

188 Stringtown Rd, Covington, IN 47932-8002

Estimated value:

$280,000

2,390 sqft 1.22 AC lot

1126 Liberty St

RESTAURANT

1126 Liberty St, Covington, IN 47932-1627

Estimated value:

$495,000

20,703 sqft 2.83 AC lot

217 3rd St

RETAIL STORES (PERSONAL SERVICES)

217 3rd St, Covington, IN 47932

Estimated value:

$260,000

7,728 sqft 0.22 AC lot

205 4th St

RETAIL STORES (PERSONAL SERVICES)

205 4th St, Covington, IN 47932-1223

Estimated value:

$250,000

7,842 sqft 0.46 AC lot

501 3rd St

RETAIL STORES (PERSONAL SERVICES)

501 3rd St, Covington, IN 47932

Estimated value:

$335,000

12,047 sqft 0.61 AC lot

210 Jefferson St

AUTO REPAIR, GARAGE

210 Jefferson St, Covington, IN 47932-1151

Estimated value:

$190,000

784 sqft 0.15 AC lot

421 3rd St

CAR WASH

421 3rd St, Covington, IN 47932

Estimated value:

$215,000

1,124 sqft 0.07 AC lot

210 3rd St

AUTO REPAIR, GARAGE

210 3rd St, Covington, IN 47932-1215

Estimated value:

$85,000

2,837 sqft 0.09 AC lot

225 11th St

RETAIL STORES (PERSONAL SERVICES)

225 11th St, Covington, IN 47932-1618

Estimated value:

$295,000

2,684 sqft 0.40 AC lot

421 Jefferson St

RETAIL STORES (PERSONAL SERVICES)

421 Jefferson St, Covington, IN 47932-1169

Estimated value:

$300,000

8,000 sqft 0.40 AC lot

506 4th St

GYM, HEALTH SPA

506 4th St, Covington, IN 47932-1127

Estimated value:

$255,000

7,680 sqft 0.40 AC lot

314 Liberty St

RETAIL STORES (PERSONAL SERVICES)

314 Liberty St, Covington, IN 47932-1243

Estimated value:

$190,000

1,760 sqft 0.09 AC lot

221 Pearl St

RESTAURANT

221 Pearl St, Covington, IN 47932-1061

Estimated value:

$330,000

1,971 sqft 0.96 AC lot

305 Washington St

RETAIL STORES (PERSONAL SERVICES)

305 Washington St, Covington, IN 47932-1256

Estimated value:

$205,000

2,128 sqft 0.05 AC lot

602 Market St

AUTO REPAIR, GARAGE

602 Market St, Covington, IN 47932-1051

Estimated value:

$385,000

1,664 sqft 0.10 AC lot

Covington, IN Retail Properties & Spaces Market Trends and Statistics

Explore 60 retail properties & spaces for sale in Covington, IN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 24,829 square feet of properties for sale, with an estimated market value of $1,800,000.

Sale prices for stores in Covington, IN start at $150,000, averaging $600,000, and reaching up to $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

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%

How Realmo verifies these figures

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Most Searched ZIP Codes in Covington, IN

47932

Featured Covington Real Estate Agencies

Realmo connects you with licensed Covington CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

LEGACY LAND AND HOMES OF INDIANA

1014 SUNSET DRIVE. Covington, IN

Phone: (765) 230-6572

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