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    Covington, IN
    Specialty

    Covington, IN Specialty Properties for Sale

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    Perrysville, IN Williamsport, IN Veedersburg, IN Danville, IL Bismarck, IL Kingman, IN Tilton, IL Hillsboro, IN
    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
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    NNN Leased Dollar General Store
    Updated: Oct 15, 2024
    NNN Leased Dollar General Store

    421 Jefferson St, Covington, IN 47932

    $825,000
    8,078 sqft
    Long‑term NN leased Dollar General with 4 years remaining.
    Fortune 150 Investment Grade Tenant with a Corporate Guarantee and Strong BBB Credit Rating.
    Strong Placer AI traffic indicating strong sales.
    Located in downtown Covington, the seat of Fountain County, Indiana.
    High‑traffic location near US Hwy 136, retail, grocery, banks, restaurants, offices, and the Fountain County courthouse.
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    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
    2 active listings match your search: Specialty for sale in Covington, IN. Based on your search, we've also compiled 13 Potential Opportunities for your consideration: 4 properties in nearby cities and 9 off-market properties to explore as potential leads.

    Opportunities in Nearby Cities

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

    34-Room Motel with Expansion Land
    34-Room Motel with Expansion Land

    1824 E Main St, Danville, IL 61832

    $500,000
    Business included  20,077 sqft  0.92 acres
    Highway access + Road access  B1 Neighborhood Business

    Operating hospitality property with exterior-entry rooms, an apartment, vacant parcels, and a recently installed roof.

    Apartment
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    Large-Block Office Building
    Large-Block Office Building

    3290 East Main Street, Danville, IL 61834

    Contact for pricing
    252–420 people  63,123 sqft  Built 1991  1 building  7.45 acres  Single tenant
    100% occupied  Highway access

    Office facility subject to an Absolute NNN lease with repositioning flexibility under I-1 Light Industrial zoning.

    View details
    Rural Specialty Property
    Rural Specialty Property

    9407 N 225 E, Crawfordsville, IN 47933

    $60,500

    A rural parcel of more than two acres is situated north of Crawfordsville.

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    Specialty Property Land Site
    Specialty Property Land Site

    00 N Nucor Road, Crawfordsville, IN 47933

    $1,600,000

    Vacant land set south of Pilot Truck Stop with access via Nucor Rd off State Road 32.

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    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.

    420 3rd St
    FUNERAL HOME

    420 3rd St, Covington, IN 47932-1116

    Estimated value:
    $240,000
    7,496 sqft 0.28 AC lot
    View details
    Stringtown Rd
    CHARITABLE ORGANIZATION

    Stringtown Rd, Covington, IN 47932

    Estimated value:
    $250,000
    2.49 AC lot
    View details
    Silver Is Rd
    CHARITABLE ORGANIZATION

    Silver Is Rd, Covington, IN 47932

    Estimated value:
    $255,000
    54.18 AC lot
    View details
    Silver Is Rd
    CHARITABLE ORGANIZATION

    Silver Is Rd, Covington, IN 47932

    Estimated value:
    $255,000
    18.32 AC lot
    View details
    Silver Is Rd
    CHARITABLE ORGANIZATION

    Silver Is Rd, Covington, IN 47932

    Estimated value:
    $245,000
    3.00 AC lot
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    Silver Is Rd
    CHARITABLE ORGANIZATION

    Silver Is Rd, Covington, IN 47932

    Estimated value:
    $255,000
    56.40 AC lot
    View details
    Silver Is Rd
    CHARITABLE ORGANIZATION

    Silver Is Rd, Covington, IN 47932

    Estimated value:
    $255,000
    23.00 AC lot
    View details
    1212 Liberty St
    CHARITABLE ORGANIZATION

    1212 Liberty St, Covington, IN 47932-1629

    Estimated value:
    $265,000
    5,484 sqft 2.21 AC lot
    View details
    Covington, IN 47932
    CHARITABLE ORGANIZATION

    Covington, IN 47932

    Estimated value:
    $270,000
    0.19 AC lot
    View details

    Covington, IN Specialty Properties Market Trends and Statistics

    Explore 11 specialty properties for sale in Covington, IN on our real estate platform. These investment opportunities span a total of 16,078 square feet of properties for sale, with an estimated market value of $1,650,000.

    Sale prices for properties 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

    NNN properties 2

    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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    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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