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Hanover Land Development Opportunity
For Sale
$169,900
Pending

3632 W SR 56, Hanover, IN 47243

Land, Hanover, IN

Property SizeContact for details
Lot Size14.34 Acres
Days on Market405

Property Features for 3632 W SR 56

General Information

Property type Land
Property subtype Other
Zoning Residential
Lot features Undeveloped, Wooded
Elementary school Southwestern Element
High school Southwestern High Sc
Elementary school district Southwestern Jeffers
Middle school district Southwestern Jeffers
High school district Southwestern Jeffers
Subdivision Hanover
Standard status Pending
APN 39-13-06-000-012.001-002
Lot size 14.34 Acres
Listing Agency: eXp Realty
Listed By: Jim Pruett
Added: Sep 19, 2025 Changed: Sep 16 Last Checked: Oct 28 at 9:06AM
MLS# 205966

Copyright © 2026 Southeastern Indiana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This property features 14 acres of land, consisting of three parcels located between Jefferson Manor and Amber Waves Blvd in Madison. Access is available through Lots 24 & 30 on Amber Waves Blvd. The property offers development opportunities, and subdivision could be a viable option with 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 property is an opportunity for development or private use in a location near established neighborhoods. The buyer is responsible for verifying all utilities, availability, and intended use of the property.

Key Highlights

  • 14 acres of land in Madison
  • Development opportunities with potential for subdivision
  • Access available through Lots 24 & 30 on Amber Waves Blvd

Property Analytics

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Location Intelligence

Trade Area within ½ mile

57
Businesses Nearby

Demographics for 47243, IN

6,037
Population
2,206
Households
2.7
Avg Household Size
32
Median Age
19%
College-Educated
87%
High-School Grad
33.1 sq mi
ZIP Area
182
Density / Sq Mi
$66,333
Median Household Income
$29,433
Median Earnings
$922
Median Rent
$172,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Land - 14 acres of residential land with development potential in Hanover.
Where is this land located?
The property is located at 3632 W SR 56 Hanover, IN.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 14 acres of land in Madison; Development opportunities with potential for subdivision; Access available through Lots 24 & 30 on Amber Waves Blvd
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