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    534 Labeaux Ave Hanover, MN 55376

    For Sale
    $2,200,000

    7.74 Acres, Great Redevelopment Potential

    Property size:
    12,340 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 7.74-acre property at 534 Labeaux Avenue NE in Hanover, Minnesota, presents a unique investment opportunity. The offering includes four parcels, featuring a substantial 2,505 square foot home and impressive shop buildings totaling 9,835 square feet. This significant combined square footage provides ample space for a variety of uses, making it ideal for redevelopment. The property boasts high visibility due to its prime location on County Road 19, ensuring excellent exposure for any future business. The existing structures offer immediate potential for continued use or serve as a solid foundation for a new development. The property's size and location make it suitable for a wide range of commercial ventures. The existing buildings are well-maintained and offer immediate utility. The expansive acreage provides ample room for expansion or future development. This is a rare opportunity to acquire a large, well-located commercial property with significant potential. Note that an additional 14.23 acres is available for purchase separately, presenting an opportunity to expand the property significantly. The asking price for this exceptional 7.74-acre property is $2,200,000. The total building square footage is 12,340 square feet. This property is located in Hanover, Minnesota, offering a strong location for commercial development. The property's high visibility and ample space make it an attractive investment.

    Property Features for 534 Labeaux Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    12,340 SF
    Lot Size
    337,154 SF

    Building Details

    Year Built
    1977
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Auto Parts Store Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Wright
    State
    Minnesota
    Longitude
    -93.66505
    Latitude
    45.15966

    Nearby Comparable

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      Hanover Mixed-Use Redevelopment Opportunity

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    Nearby Similar for Sale

    • $750,000
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      Spacious Industrial Building in Hanover

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      11070 Lamont Ave NE, Hanover, MN 55341
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    • Contact for pricing
      5,440 SF

      Hanover Industrial Building - Great Value!

      Spacious Industrial Space, Ample Outdoor Storage
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    • $2,200,000
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      Hanover Mixed-Use Redevelopment Opportunity

      7.74 Acres, High Visibility, Redevelopment Potential
      534 Labeaux Ave, Hanover, MN 55341
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 7.74 Acres, Great Redevelopment Potential
    Where is this commercial real estate located?
    The property is located at 534 Labeaux Ave Hanover, MN.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (763) 682-2882
    Request Owner's contact information
    534 Labeaux Ave Hanover, MN 55376
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    Hanover, MN 55376
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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
    534 Labeaux Ave Hanover, MN 55376
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