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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 Size14.30 Acres
Days on Market405

Property Features for 3632+ W SR 56

General Information

Property type Land
Property subtype Other
Zoning description Residential
Lot features Cleared, Wooded, Survey Available
Directions Head West on SR 56 from SR 62, the property will be located on your right.
Subdivision 13-Indiana
Standard status Pending
APN 391306000012001002
Lot size 14.30 Acres
Listing Agency: EXP Realty LLC
Listed By: Jim Pruett
Added: Sep 19, 2025 Changed: Aug 24 Last Checked: Oct 28 at 8:06AM
MLS# 1698796

Copyright © 2026 Greater Louisville Association 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.

Rey
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Investment Insights

Based on property information with market context.

This property features three parcels totaling 14 acres, situated between Jefferson Manor and Amber Waves Blvd in Madison. Access is available through Lots 24 and 30 on Amber Waves Blvd, presenting development opportunities, with subdivision as a potential option due to 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 a utility easement only, with no roads or drives permitted in this area. This location offers an opportunity for development or private use near established neighborhoods.

Key Highlights

  • 14 acres of land in Madison, offering development or private use potential.
  • Subdivision is a viable option with entrances from Lots 24 & 30 on Amber Waves Blvd.
  • Water service is available per the City of Madison.

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 in Hanover, IN, ideal for development or private use.
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, offering development or private use potential.; Subdivision is a viable option with entrances from Lots 24 & 30 on Amber Waves Blvd.; Water service is available per the City of Madison.
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