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    106 Main St Hanover, IN 47243

    For Sale
    $68,500

    Versatile building, great location, many uses.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 0.2-acre property located at 106 E Main Street in the heart of Hanover, Indiana, presents a remarkable investment opportunity. Currently configured as a daycare center, this adaptable building offers a multitude of potential uses, limited only by your imagination. The spacious interior features a large open area, perfect for a variety of commercial or residential applications. A convenient half-bath and kitchenette equipped with a range and refrigerator are already in place. The property also boasts ample off-street parking, a significant advantage in a bustling town center. The fenced-in yard provides additional space and privacy, adding to the property's overall appeal. Its central Hanover location ensures high visibility and easy access to local amenities and transportation routes. Whether you envision transforming it into a thriving rental property, a modern office space, a comfortable residence, a productive workshop, or a unique retail store, this property's versatility makes it an ideal choice for a wide range of entrepreneurs and investors. The asking price of $68,500 represents an exceptional value for a property with such significant potential and prime location. Don't miss this chance to acquire a versatile and well-situated property in the thriving town of Hanover. The possibilities are truly endless.

    Property Features for 106 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1974
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Jefferson_IN
    State
    Indiana
    Longitude
    -85.47337
    Latitude
    38.71447

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile building, great location, many uses.
    Where is this commercial real estate located?
    The property is located at 106 Main St Hanover, IN.
    What is the asking price?
    The asking price for this property is $68,500.
    (812) 274-0660
    Request Owner's contact information
    106 Main St 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
    106 Main St Hanover, IN 47243
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