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210 3rd Street

Covington, IN 47932

ActiveListed Oct 7, 2026 · 1 day on market

Key facts

Living area
2,837 sqft
Lot
0.09 acres
Year built
1928
Type
Commercial Sale · Mixed Use
MLS #
22130386
County
Fountain
Total building area
2,837 sqft

About this home

Great business opportunity in downtown Covington! This versatile 2,387 sq. ft. commercial building offers mixed-use potential with two separately rented spaces, ideal for a variety of business ventures, including an auto body shop, retail, storage, workshop or other commercial uses. The north side features approximately 1,200 sq. ft. of unfinished garage space with room for up to three vehicles, a small office and a paint room. Features include 13-foot ceilings, overhead doors, three-phase electric, 220-volt power, and ventilation/exhaust fans. The south side offers flexible open space suitable for retail, office, storage or other business opportunities, complete with a newer kitchenette, restroom, utility closet, storage closet and forced-air heating and cooling. Recent improvements include updated drywall, HVAC approximately 3-4 years old, and a new roof and gutters in 2024. Originally one large space, the building has been divided into two separate units, offering the flexibility to maintain the current layout or potentially convert back into one larger space. Additional features include city utilities, natural gas, partial off-street parking and a small secluded yard on the south side. Conveniently located near shopping, restaurants and State Route 136, this property offers excellent visibility and accessibility in a great downtown location. Both spaces are currently rented on month-to-month leases, providing potential rental income or an opportunity for future owner occupancy. Whether you're looking to start a business, expand your operations or invest in commercial property, this downtown Covington location offers plenty of possibilities! Buyer to verify zoning and suitability for intended use.

Description provided by the listing brokerage.

Systems

Heating
Gas
Cooling
Central Air
Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
unknown

Schools

Elementary school
Covington Elementary School
Middle school
Covington Middle School
High school
Covington Community High School
School district
Covington Community School Corp

Taxes

Estimated annual tax
$1,310 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$918per month, estimated
Principal and interest $756Property tax $109Insurance $53
20% · $30,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$150,000
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