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Covington, IN Storefront Properties 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
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

Retail Storefront Building with Parking
Retail Storefront Building with Parking

61 E 150 S, Crawfordsville, IN 47933

$320,000
5,000 sqft

5,000 SF retail building with on-site parking and strong traffic visibility in Crawfordsville’s busiest area.

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Retail Building with Two Entrances
Retail Building with Two Entrances

122 W Main Street, Crawfordsville, IN 47933

$114,900
0.08 AC lot

Multi-room retail building with a two-car garage, a leased first level, and a separate entrance to the upstairs.

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Five-Storefront Retail and Office Building
Five-Storefront Retail and Office Building

810 N Vermilion St, Danville, IL 61832

$169,900
8,100 sqft

Large multi-unit building with five storefronts and independent functionality, with recent exterior and mechanical upgrades.

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Vacant Retail Building at Intersection
Vacant Retail Building at Intersection

1232 E Main St, Danville, IL 61832

Contact for pricing
1,760 sqft

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

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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.

Zoned NBU Commercial Lot
Zoned NBU Commercial Lot

White Street, Clarks Hill, IN 47930

Contact for pricing
0.17 AC lot

Commercial lot in Clarks Hill offers NBU zoning and room for select retail, services, or residential use.

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Commercial Land For Sale
Commercial Land For Sale

212 Maple Avenue, Terre Haute, IN 47804

$150,000
0.14 AC lot

Commercial land available in Terre Haute, Indiana.

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Commercial Lot in Terre Haute
Commercial Lot in Terre Haute

200 Maple Avenue, Terre Haute, IN 47804

$475,000
0.27 AC lot

0.27 acre commercial lot suitable for development.

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Commercial Development Land Parcel
Commercial Development Land Parcel

612 CLARENDON Court, Savoy, IL 61874

$450,000
1.97 AC lot

1.97-acre commercial land parcel in Savoy, zoned for commercial uses, with concrete parking pads and village-approved site plans.

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Covington, IN Storefront Properties Market Trends and Statistics

Explore 1 storefront properties for sale in Covington, IN on our real estate platform. These investment opportunities span a total of 8,000 square feet of properties for sale, with an estimated market value of $825,000.

Sale prices for retail units 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
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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