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    Hanover, MI

    Hanover, MI Commercial Real Estate for Sale

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    Horton, MI Jonesville, MI Jackson, MI Spring Arbor, MI Jerome, MI Concord, MI Cement City, MI Clarklake, MI
    Turnkey Office Building with Storage Shed
    Updated: May 4
    Turnkey Office Building with Storage Shed

    227 E State Street, Hanover, MI 49241

    $230,000
    2,079 sqft 1.67 AC lot
    Brick commercial building built in 1960 with forced‑air heating and central air
    Over 2,000 sq ft of versatile interior space with a functional kitchen and 2 bathrooms
    Two‑zone heating and newer roof
    Well water with septic tank sewer; cable available
    Includes a newer 10' x 16' storage shed and sits on a 1.5+ acre lot
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    This listing looks promising.

    Here's a quick look at some key insights for

    227 E State Street, Hanover, MI 49241

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    • Est. Cap Rate

      7.6%
      Above avg (5.9%)

    • Est. NOI

      $17K
      Annual

    • Mortgage

      $70K
      Jan 2021

    • Last Sold

      Jan 2021
      $60K
    View Property Analytics
    Vacant Waterfront Hunting & Farmland Land
    Updated: Apr 30
    Vacant Waterfront Hunting & Farmland Land

    VL Hubbard Road, Hanover, MI 49241

    $275,000
    40.00 AC lot
    About 40 acres of vacant land in Jackson County, Michigan
    A little over half of the acreage is currently tillable
    Natural habitat supports deer and waterfowl hunting
    Scenic views overlooking Wilbur Lake with extensive road frontage
    Creek and pond on‑site
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    Turnkey Commercial Opportunity in Hanover
    Turnkey Commercial Opportunity in Hanover

    227 E State St, Hanover, MI 49241

    $259,000
    2,000 sqft 1.50 AC lot

    Well-maintained commercial building with versatile space on a generous lot.

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    Established Grocery Store Business Opportunity
    Established Grocery Store Business Opportunity

    9959 Pulaski Rd, Hanover, MI 49241

    Contact for pricing
    1,134 sqft

    Turnkey grocery store with real estate in Hanover, Michigan.

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    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 56 Potential Opportunities for your consideration. Besides 4 Active listings in Hanover, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 48 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.

    Farm with Steel Pole Barn
    Farm with Steel Pole Barn

    6837 Cochran Road, Horton, MI 49246

    $189,000
    489,614 sqft

    Over 11 acres with a 4,000 sq ft steel pole barn featuring independent electrical, concrete slab, and oversized doors.

    View details
    Agricultural Land with Steel Pole Barn
    Agricultural Land with Steel Pole Barn

    6837 Cochran Road, Horton, MI 49246

    $189,000
    11.24 AC lot

    Farmland with a pond and a heated steel pole barn with indoor plumbing and extra-wide RV and equipment doors.

    View details
    Tillable Agricultural Land
    Tillable Agricultural Land

    Goose Lake Road, Jonesville, MI 49250

    $345,000
    45.89 AC lot

    Rural acreage combines tillable ground with stated buildable, recreational, and hunting possibilities.

    View details
    Tillable Agricultural Land
    Tillable Agricultural Land

    00 Goose Lake Rd, Jonesville, MI 49250

    $345,000

    Rural acreage offers tillable ground with recreational and hunting uses.

    View details

    Off-Market Properties in Hanover, MI

    Consider similar Off-Market properties in Hanover, MI. 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.

    103 Main St
    GROCERY, SUPERMARKET

    103 Main St, Hanover, MI 49241-9811

    $120,000
    Estimated value
    3,456 sqft 0.06 AC lot
    View details
    11990 Pulaski Rd
    DRUG STORE, PHARMACY

    11990 Pulaski Rd, Hanover, MI 49241-9812

    $465,000
    Estimated value
    2,400 sqft 2.06 AC lot
    View details
    9964 Pulaski Rd
    COMMERCIAL (GENERAL)

    9964 Pulaski Rd, Hanover, MI 49241-9752

    Value Estimation by Request
    0.11 AC lot
    View details
    137 Main St
    RETAIL STORES (PERSONAL SERVICES)

    137 Main St, Hanover, MI 49241-9811

    $70,000
    Estimated value
    1,624 sqft 0.16 AC lot
    View details
    11021 Moscow Rd
    RESTAURANT

    11021 Moscow Rd, Hanover, MI 49241-9791

    $385,000
    Estimated value
    1,615 sqft 0.61 AC lot
    View details
    110 Jackson St
    CONVENIENCE STORE

    110 Jackson St, Hanover, MI 49241-8714

    $340,000
    Estimated value
    3,016 sqft 0.73 AC lot
    View details
    227 State St
    DAY CARE, PRE-SCHOOL

    227 State St, Hanover, MI 49241-9814

    $65,000
    Estimated value
    2,079 sqft 1.67 AC lot
    View details
    9959 Pulaski Rd
    GROCERY, SUPERMARKET

    9959 Pulaski Rd, Hanover, MI 49241-9752

    $120,000
    Estimated value
    2,704 sqft 0.27 AC lot
    View details
    103 Main
    AUTO REPAIR, GARAGE

    103 Main, Hanover, MI 49241-9309

    $145,000
    Estimated value
    8,663 sqft 0.29 AC lot
    View details
    11117 Wooden Rd
    DISTRIBUTION WAREHOUSE

    11117 Wooden Rd, Hanover, MI 49241-9624

    $75,000
    Estimated value
    5,000 sqft 10.03 AC lot
    View details
    327 State St
    COMMERCIAL (GENERAL)

    327 State St, Hanover, MI 49241-9815

    $160,000
    Estimated value
    4,368 sqft 0.69 AC lot
    View details
    9139 Watson Rd
    DISTRIBUTION WAREHOUSE

    9139 Watson Rd, Hanover, MI 49241-9613

    $400,000
    Estimated value
    6,000 sqft 20.48 AC lot
    View details
    15297 Howard Rd
    DISTRIBUTION WAREHOUSE

    15297 Howard Rd, Hanover, MI 49241-9617

    $525,000
    Estimated value
    11,916 sqft 10.00 AC lot
    View details
    318 Railroad St
    LAUNDROMAT (SELF-SERVICE)

    318 Railroad St, Hanover, MI 49241-9660

    Value Estimation by Request
    1,344 sqft 0.30 AC lot
    View details
    123 Main St
    OFFICE BUILDING

    123 Main St, Hanover, MI 49241-9811

    $60,000
    Estimated value
    1,360 sqft 0.06 AC lot
    View details
    123 Main St
    VACANT COMMERCIAL LAND

    123 Main St, Hanover, MI 49241-9811

    Value Estimation by Request
    0.09 AC lot
    View details
    133 Main St
    RESTAURANT

    133 Main St, Hanover, MI 49241-9811

    $95,000
    Estimated value
    2,400 sqft 0.08 AC lot
    View details
    134 Main St
    GROCERY, SUPERMARKET

    134 Main St, Hanover, MI 49241-9811

    $130,000
    Estimated value
    1,500 sqft 0.13 AC lot
    View details
    6422 Hanover Rd
    MANUFACTURING (LIGHT)

    6422 Hanover Rd, Hanover, MI 49241-9665

    $255,000
    Estimated value
    27,363 sqft 3.71 AC lot
    View details
    221 Main St
    COMMERCIAL (GENERAL)

    221 Main St, Hanover, MI 49241-9303

    $175,000
    Estimated value
    3,464 sqft 0.53 AC lot
    View details

    Hanover, MI Commercial Real Estate Market Trends and Statistics

    Explore 52 commercial real estate for sale in Hanover, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 5,213 square feet of properties for sale, with an estimated market value of $764,000.

    Sale prices for business properties in Hanover, MI start at $230,000, averaging $254,666, and reaching up to $275,000 — 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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    Demographics Overview

    Population 2,086
    Population Growth (5Y) -16.1%
    Median Household Income $81,471
    College Educated 33.9%

    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
    49241 $228.8K

    Taxes & Financing

    Tax Rate (average for all types) 3.33%
    Property Tax per SF $78.65 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Jackson County

    New Delisted

    Total CRE Inventory on Market (SF)

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