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Hanover, IN

Hanover, IN Commercial Real Estate for Sale

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Madison, IN Milton, KY Nabb, IN Lexington, IN Bedford, KY New Washington, IN Bethlehem, IN Marysville, IN

Land Opportunity Near Hanover College

Updated: Sep 9, 2024

Land Opportunity Near Hanover College

4146 IN-56, Hanover, IN 47243

Contact for pricing

2,088 sqft

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.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 1 Active listings in Hanover, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 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.

Three-Story Mixed-Use Building

Three-Story Mixed-Use Building

225 E Main St, Madison, IN 47250

$275,000

2,745 sqft

Main-level retail space is paired with two upper floors, including an unfinished third floor.

Level Commercial Land

Level Commercial Land

888 N State Road 3, Lexington, IN 47138

$975,000

8.60 AC lot

Level tract along State Road 3 with agricultural zoning and septic service needed.

Commercial Lots at State Road

Commercial Lots at State Road

888 N State Road 3, Lexington, IN 47138

$975,000

Commercial lots available at a busy intersection in Lexington, IN.

General Business Commercial Land

General Business Commercial Land

606 Green Rd, Madison, IN 47250

$90,000

Single-parcel commercial land with city utilities available and General Business zoning.

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.

214 Lagrange Rd

Retail properties & Spaces

214 Lagrange Rd, Hanover, IN 47243

Estimated value:

by Request

0.55 AC lot

106 Main St

Commercial real estate

106 Main St, Hanover, IN 47243

Estimated value:

by Request

0.20 AC lot

3498 Sr 56

Retail properties & Spaces

3498 Sr 56, Hanover, IN 47243

Estimated value:

by Request

2.46 AC lot

4146 In-56

Mixed-use properties

4146 In-56, Hanover, IN 47243

Estimated value:

by Request

2,088 sqft 2.88 AC lot

9727 Barker Dr

Industrial properties

9727 Barker Dr, Hanover, IN 47243

Estimated value:

by Request

11.00 AC lot

232 Fran Rd

Commercial real estate

232 Fran Rd, Hanover, IN 47243

Estimated value:

by Request

3400 Tull Rd

INDUSTRIAL - VACANT LAND

3400 Tull Rd, Hanover, IN 47243-9711

Estimated value:

$225,000

8.00 AC lot

3553 Tull Rd

INDUSTRIAL - VACANT LAND

3553 Tull Rd, Hanover, IN 47243

Estimated value:

$245,000

0.31 AC lot

3553 Tull Rd

INDUSTRIAL - VACANT LAND

3553 Tull Rd, Hanover, IN 47243

Estimated value:

$240,000

0.03 AC lot

3553 Tull Rd

INDUSTRIAL - VACANT LAND

3553 Tull Rd, Hanover, IN 47243

Estimated value:

$240,000

0.04 AC lot

136 Thornton Rd

COMMERCIAL (GENERAL)

136 Thornton Rd, Hanover, IN 47243-9713

Estimated value:

$265,000

5,388 sqft 2.80 AC lot

180 Thornton Rd

VACANT COMMERCIAL LAND

180 Thornton Rd, Hanover, IN 47243-9713

Estimated value:

$340,000

2.48 AC lot

2069 State Rd 62

COMMERCIAL (GENERAL)

2069 State Rd 62, Hanover, IN 47243-9376

Estimated value:

$260,000

1.86 AC lot

2740 State Rd 62

INDUSTRIAL - VACANT LAND

2740 State Rd 62, Hanover, IN 47243-9379

Estimated value:

$240,000

0.02 AC lot

4000 State Rd 56

COLLEGE, UNIVERSITY, VOC SCHOOL

4000 State Rd 56, Hanover, IN 47243-9069

Estimated value:

$265,000

12.70 AC lot

4100 State Rd 56

VACANT COMMERCIAL LAND

4100 State Rd 56, Hanover, IN 47243-9070

Estimated value:

$255,000

1.60 AC lot

6583 State Rd 56

WAREHOUSE, STORAGE

6583 State Rd 56, Hanover, IN 47243-9368

Estimated value:

$240,000

9,090 sqft 5.87 AC lot

3408 State Rd 56

INDUSTRIAL (GENERAL)

3408 State Rd 56, Hanover, IN 47243-9063

Estimated value:

$655,000

40,594 sqft 5.26 AC lot

4000 State Rd 56

COLLEGE, UNIVERSITY, VOC SCHOOL

4000 State Rd 56, Hanover, IN 47243-9069

Estimated value:

$250,000

4.43 AC lot

3498 State Rd 56

VACANT COMMERCIAL LAND

3498 State Rd 56, Hanover, IN 47243-9063

Estimated value:

$235,000

3408 State Rd 56

VACANT COMMERCIAL LAND

3408 State Rd 56, Hanover, IN 47243-9063

Estimated value:

$230,000

2.38 AC lot

4000 State Rd 56

COLLEGE, UNIVERSITY, VOC SCHOOL

4000 State Rd 56, Hanover, IN 47243-9069

Estimated value:

$230,000

2.53 AC lot

5517 State Rd 56

COMMERCIAL (GENERAL)

5517 State Rd 56, Hanover, IN 47243-9359

Estimated value:

$270,000

2,179 sqft 0.33 AC lot

Hanover, IN Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate 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.

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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	$300K

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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