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    214 Lagrange Rd Hanover, IN 47243

    For Sale
    $199,000

    High-visibility retail space near Hanover College.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This 0.55-acre retail property, located at 214 W Lagrange Road in Hanover, Indiana, presents a unique investment opportunity. Situated on US 56, it boasts exceptional visibility and convenient access for customers. The property's proximity to Hanover College, with its approximately 1,000 students, creates a strong potential customer base. Its strategic location also benefits from its proximity to Madison, Indiana, and several state parks, attracting both local and tourist traffic. Furthermore, its convenient 45-minute drive to Louisville, Kentucky, expands its market reach significantly. The property's size and location make it ideal for a variety of retail uses, and its potential for owner-occupancy adds to its appeal. This presents a compelling opportunity for an entrepreneur seeking a high-visibility location in a thriving community. The asking price is $199,000. Serious inquiries are encouraged to explore this promising retail investment. The property is currently vacant and ready for immediate occupancy. The property's location on a major highway ensures high traffic volume and excellent exposure. This is a rare opportunity to acquire a well-positioned retail space in a growing market.

    Property Features for 214 Lagrange Rd

    General Information

    Property type
    Retail properties
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1980
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Jefferson_IN
    State
    Indiana
    Longitude
    -85.47681
    Latitude
    38.71534

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    FAQs

    What type of property is this?
    Retail property - High-visibility retail space near Hanover College.
    Where is this retail property located?
    The property is located at 214 Lagrange Rd Hanover, IN.
    What is the asking price?
    The asking price for this property is $199,000.
    (812) 282-0426
    Request Owner's contact information
    214 Lagrange Rd Hanover, IN 47243
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    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
    214 Lagrange Rd Hanover, IN 47243
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