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    W Sr 56 Hanover, IN 47243

    For Sale
    $199,500

    LAND - Hanover, IN

    Lot size:
    14.30 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for W Sr 56

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    391306000012001002
    Lot size
    14.30 Acres

    eXp Realty (888) 624-6448 [email protected]

    Listing agent Jim Pruett (812) 274-0660

    Listing date Nov 26, 2025

    MLS# 1698796 Listing URL

    Overview

    Hanover Land Development Opportunity

    This property features 3 parcels totaling 14 acres, situated between Jefferson Manor and Amber Waves Blvd in Madison. Access is available through Lots 24 & 30 on Amber Waves Blvd, presenting development opportunities, with subdivision as a viable option due to entrances from both lots. According to the City of Madison, water service is available. Sewer capacity may be provided depending on the number of homes developed. The portion of the property adjoining SR 56 is reserved for utility easement only, with no roads or drives permitted in this area. This location is near established neighborhoods. The property offers an opportunity for development or private use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hanover
    County
    Jefferson
    State
    Indiana
    Longitude
    -85.455197
    Latitude
    38.733727

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    FAQs

    What type of property is this?
    Land - 14 acres of land ideal for development or private use.
    Where is this land located?
    The property is located at W Sr 56 Hanover, IN.
    What is the asking price?
    The asking price for this property is $199,500.
    What are key features of this property?
    This property features: - 14 acres of land in Madison, offering development or private use potential.; - Subdivision is a viable option with entrances from Lots 24 & 30 on Amber Waves Blvd.; - Water service is available per the City of Madison.
    (812) 274-0660
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    W Sr 56 Hanover, IN 47243
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    W Sr 56 Hanover, IN 47243
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