Land Opportunity Near Hanover
For Sale
Contact for pricing
4146 IN-56, Hanover, IN 47243
Land approved for mixed-use zoning near Hanover College.
Property Size2,088 SF
Price / SF$215.52
Days on Market734
Property Features for 4146 IN-56
General Information
Standard status
Active
Size
2,088 SF
Property subtype
Mixed Use
Zoning
R-1, mixed use
Investment Type
Redevelopment
Building Details
Year Built
1960
Buildings
1
Stories
1
Units
1
Listing Agency:
EXP Realty, LLC
Listed By:
Robin Mingione · License #RB21001446
(812) 493-3707
Source:
Crexi
Added: Sep 9, 2024
Changed: Sep 4
Last Checked: Sep 12 at 6:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC
Investment Insights
Based on property information with market context.
This property presents a prime land opportunity for investors and developers, situated within the Town of Hanover's expansion area. The location benefits from new commercial developments, including a Taco Bell and Dollar General within the block, as well as a 40-home subdivision within one mile. Hanover College is located across the road. Currently zoned R-1, the property allows up to four single-family homes per acre. The Town of Hanover has annexed the property into town limits and approved a comprehensive plan designating it for mixed-use zoning. To the west, commercial-zoned businesses include an Urgent Care, Overhead Door, fast food establishments, and a gas station. An updated recorded survey is available. The existing residence is a 3-bedroom, 2-bathroom home that could continue as a single-family residence or be converted into an office or business with Town Board approval. The property size is 2088 square feet.
Key Highlights
- Approved comprehensive plan designates property for mixed‑use zoning, offering diverse development possibilities.
- Located within a rapidly expanding area with new commercial developments and residential subdivisions nearby.
- High‑traffic location across from Hanover College.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Land approved for mixed-use zoning near Hanover College.
Where is this commercial land located?
The property is located at 4146 IN-56 Hanover, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approved comprehensive plan designates property for mixed‑use zoning, offering diverse development possibilities.; Located within a rapidly expanding area with new commercial developments and residential subdivisions nearby.; High‑traffic location across from Hanover College.
