Land Opportunity Near Hanover
4146 IN-56 Hanover, IN 47243
For Sale
Contact for pricing
Land approved for mixed-use zoning near Hanover College.
Property Size2,088 SF
Price / SF$238.75
Days on Market689
Property Features for 4146 IN-56
General Information
Standard status
Active
Size
2,088 SF
Property subtype
Mixed Use
Building Details
Year Built
1960
Listing Agency:
EXP Realty, LLC
(812) 493-3707
Listed By:
Robin Mingione · License #RB21001446
Source:
Crexi
Added: Sep 9, 2024
Changed: Jul 6
Last Checked: Jul 28 at 6:04AM
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
Location Intelligence
Current Use
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 $498,500.
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.
