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    Hanover, IN Commercial Land for Sale

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    Madison, IN Lexington, IN Nabb, IN
    Land Opportunity Near Hanover College
    $498,500
    2,088 SF
    Land Opportunity Near Hanover College

    4146 IN-56, Hanover, IN 47243

    Land approved for mixed-use zoning near Hanover College.
    • Approved comprehensive plan designates property for mixed‑use zoning, offering diverse development possibilities.
    • Located within a rapidly expanding area with new commercial developments and residential subdivisions nearby.
    • High‑traffic location across from Hanover College.
    • Zoned R‑1, allowing up to 4 single‑family homes per acre.
    • Surrounded by commercially zoned businesses.
    Updated: Sep 9, 2024
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    Based on your search, we've compiled 46 Potential Opportunities for your consideration. Besides 1 Active listings in Hanover, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 41 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.

    Commercial Land in Downtown Madison
    $79,000
    Commercial Land in Downtown Madison

    Commercial land in historic downtown Madison, Indiana, with income potential.

    114 Hentz Ln, Madison, IN 47250

    View details
    Commercial Land with Building Potential
    $30,000
    1.48 Acres
    Commercial Land with Building Potential

    1.48 acres of commercially zoned land with existing building.

    7117 E State Road 362, Nabb, IN 47147

    View details
    Commercial Lot with Steel Buildings
    $175,000
    2,400 SF
    Commercial Lot with Steel Buildings

    Commercial lot with buildings in Nabb, Indiana, for sale.

    State Rd 362 Drive, Nabb, IN 47147

    View details
    Commercial Land Zoned General Business
    $65,000
    Commercial Land Zoned General Business

    Land for sale, zoned for general business use.

    3617 Clifty Drive, Madison, IN 47250

    View details

    Off-Market Properties in Hanover, IN

    Consider similar Off-Market properties in Hanover, 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.

    180 Thornton Rd
    VACANT COMMERCIAL LAND
    Lot: 2.48 Acres
    Value Estimation by Request

    180 Thornton Rd, Hanover, IN 47243-9713

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    4100 State Rd 56
    VACANT COMMERCIAL LAND
    Lot: 1.60 Acres
    Value Estimation by Request

    4100 State Rd 56, Hanover, IN 47243-9070

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    3498 State Rd 56
    VACANT COMMERCIAL LAND
    Lot: 0.00 Acres
    Value Estimation by Request

    3498 State Rd 56, Hanover, IN 47243-9063

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    3408 State Rd 56
    VACANT COMMERCIAL LAND
    Lot: 2.38 Acres
    Value Estimation by Request

    3408 State Rd 56, Hanover, IN 47243-9063

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    3408 State Rd 256
    VACANT COMMERCIAL LAND
    Lot: 0.09 Acres
    Value Estimation by Request

    3408 State Rd 256, Hanover, IN 47243-9036

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    200 Spruce Ln
    VACANT COMMERCIAL LAND
    Lot: 2.28 Acres
    Value Estimation by Request

    200 Spruce Ln, Hanover, IN 47243-9303

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    8000 Riv Btm Rd
    VACANT COMMERCIAL LAND
    Lot: 12.70 Acres
    Value Estimation by Request

    8000 Riv Btm Rd, Hanover, IN 47243-9339

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    8000 Riv Btm Rd
    VACANT COMMERCIAL LAND
    Lot: 9.30 Acres
    Value Estimation by Request

    8000 Riv Btm Rd, Hanover, IN 47243-9339

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    8000 Riv Btm Rd
    VACANT COMMERCIAL LAND
    Lot: 24.20 Acres
    Value Estimation by Request

    8000 Riv Btm Rd, Hanover, IN 47243-9339

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    9000 Paynesville Rd
    VACANT COMMERCIAL LAND
    Lot: 0.38 Acres
    Value Estimation by Request

    9000 Paynesville Rd, Hanover, IN 47243

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    24 Main Cross St
    VACANT COMMERCIAL LAND
    Lot: 0.06 Acres
    Value Estimation by Request

    24 Main Cross St, Hanover, IN 47243-9471

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    293 Main St
    VACANT COMMERCIAL LAND
    Lot: 0.26 Acres
    Value Estimation by Request

    293 Main St, Hanover, IN 47243

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    281 Main St
    VACANT COMMERCIAL LAND
    Lot: 0.04 Acres
    Value Estimation by Request

    281 Main St, Hanover, IN 47243-9479

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    200 Main St
    VACANT COMMERCIAL LAND
    Lot: 0.09 Acres
    Value Estimation by Request

    200 Main St, Hanover, IN 47243-9478

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    161 Madison Ave
    VACANT COMMERCIAL LAND
    Lot: 0.94 Acres
    Value Estimation by Request

    161 Madison Ave, Hanover, IN 47243-9694

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    161 Madison Ave
    VACANT COMMERCIAL LAND
    Lot: 0.56 Acres
    Value Estimation by Request

    161 Madison Ave, Hanover, IN 47243-9694

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    293 Madison Ave
    VACANT COMMERCIAL LAND
    Lot: 0.07 Acres
    Value Estimation by Request

    293 Madison Ave, Hanover, IN 47243

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    14 Madison Ave
    VACANT COMMERCIAL LAND
    Lot: 0.02 Acres
    Value Estimation by Request

    14 Madison Ave, Hanover, IN 47243

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    507 Lagrange Rd
    VACANT COMMERCIAL LAND
    Lot: 2.00 Acres
    Value Estimation by Request

    507 Lagrange Rd, Hanover, IN 47243

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    142 Lagrange Rd
    VACANT COMMERCIAL LAND
    Lot: 0.02 Acres
    Value Estimation by Request

    142 Lagrange Rd, Hanover, IN 47243-9437

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    180 Lagrange Rd
    VACANT COMMERCIAL LAND
    Lot: 1.40 Acres
    Value Estimation by Request

    180 Lagrange Rd, Hanover, IN 47243-9437

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    122 Lagrange Rd
    VACANT COMMERCIAL LAND
    Lot: 0.37 Acres
    Value Estimation by Request

    122 Lagrange Rd, Hanover, IN 47243-9447

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    180 Lagrange Rd
    VACANT COMMERCIAL LAND
    Lot: 1.14 Acres
    Value Estimation by Request

    180 Lagrange Rd, Hanover, IN 47243-9447

    View details

    Hanover, IN Commercial Land Market Trends and Statistics

    Explore 42 commercial land for sale in Hanover, IN on our real estate platform. These investment opportunities span a total of 2,088 square feet of properties for sale, with an estimated market value of $498,500.

    Sale prices for commercial lots in Hanover, IN start at $498,500, averaging $498,500, and reaching up to $498,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 2
    Commercial land 1

    Demographics Overview

    Population 6,235
    Population Growth (5Y) +3.0%
    Median Household Income $66,333
    College Educated 28.6%

    High-Yield Neighborhoods for Investment

    Identify Hanover submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47243 $498.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.38%
    Property Tax per SF $62.13 per SF
    Average Loan-to-Value 65.0%

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