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    Turnkey Commercial Building
    Updated: May 4
    Turnkey Commercial Building

    227 E State Street, Hanover, MI 49241

    $259,000
    2,079 sqft 1.67 AC lot
    Over 2,000 sq ft commercial building on a 1.5+ acre lot with brick construction
    Two‑zone forced‑air heating and central air conditioning
    Two bathrooms plus a functional kitchen area
    Newer composition roof
    Includes a 10' x 16' storage shed for additional on‑site storage
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    This listing looks promising.

    Here's a quick look at some key insights for

    227 E State Street, Hanover, MI 49241

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    • Est. Cap Rate

      6.7%
      Above avg (5.9%)

    • Est. NOI

      $17K
      Annual

    • Mortgage

      $70K
      Jan 2021

    • Last Sold

      Jan 2021
      $60K
    View Property Analytics
    Turnkey Commercial Opportunity in Hanover
    Updated: May 9
    Turnkey Commercial Opportunity in Hanover

    227 E State St, Hanover, MI 49241

    $259,000
    2,000 sqft 1.50 AC lot
    Turnkey, move‑in ready commercial building.
    Over 2,000 sq ft of versatile space on 1.5+ acre lot.
    High‑visibility location with convenient access.
    Ideal for a wide range of uses (office, retail, fitness, daycare, etc.).
    Ample outdoor space for parking, expansion, or outdoor programming.
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    Versatile Retail Building
    Versatile Retail Building

    Hanover, MI 49241

    $149,998

    A flexible storefront property for retail, office, daycare, or storage, with a liquor license available for an added fee.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 3 Active listings in Hanover, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Industrial Facility with Office & Shop
    Industrial Facility with Office & Shop

    9486 S Meridian Road, Clarklake, MI 49234

    $595,000
    4,656 sqft 2.42 AC lot

    High-visibility industrial zoned facility with heated shop, office buildout, overhead doors, and heavy-duty floor.

    View details
    Updated Commercial Building on Kibby
    Updated Commercial Building on Kibby

    2600 Kibby Rd, SummitTownship_, Jackson, MI 49203

    $279,900
    0.32 AC lot

    Versatile, updated commercial building in Summit Township, move-in ready.

    View details
    Clarklake Commercial Facility For Sale
    Clarklake Commercial Facility For Sale

    9486 S Meridian Rd, Clarklake, MI 49234

    $595,000
    4,656 sqft

    High-visibility commercial facility with office and shop space.

    View details
    Summit Township Office/Retail Building
    Summit Township Office/Retail Building

    2106 Horton Rd, Jackson, MI 49203

    $300,000
    3,900 sqft

    Class C office/retail building with high visibility and income potential.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Albion Commercial Land For Sale
    Albion Commercial Land For Sale

    Parcel 1 N Concord Road, Albion, MI 49224

    $299,000
    17.00 AC lot

    17-acre commercial land with highway access and visibility.

    View details
    Albion Commercial Land For Sale
    Albion Commercial Land For Sale

    Parcel 2 Donovan Road, Albion, MI 49224

    $310,000
    20.00 AC lot

    20-acre commercial land with highway access and visibility.

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    25 Acres Commercial Land Albion
    25 Acres Commercial Land Albion

    Parcel 3 Donovan Road, Albion, MI 49224

    $387,500
    25.00 AC lot

    25 acres of commercial land with highway access and visibility.

    View details
    Prime Commercial Land I-94 Frontage
    Prime Commercial Land I-94 Frontage

    VL N Concord Road, Parma, MI 49269

    $2,100,000
    26.61 AC lot

    26.61-acre commercial land with I-94 frontage and development potential.

    View details

    Off-Market Properties in Hanover, MI

    Consider similar Off-Market properties in Hanover, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    123 Main St
    OFFICE BUILDING

    123 Main St, Hanover, MI 49241-9811

    Value Estimation by Request
    1,360 sqft 0.06 AC lot
    View details
    12363 Folks Rd
    OFFICE BUILDING

    12363 Folks Rd, Hanover, MI 49241-9606

    $645,000
    Estimated value
    8,612 sqft 2.77 AC lot
    View details

    Hanover, MI Office Spaces Market Trends and Statistics

    Explore 5 office spaces for sale in Hanover, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 4,079 square feet of properties for sale, with an estimated market value of $518,000.

    Sale prices for office spaces in Hanover, MI start at $259,000, averaging $259,000, and reaching up to $259,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 2
    Office buildings 1

    Demographics Overview

    Population 2,086
    Population Growth (5Y) -16.1%
    Median Household Income $81,471
    College Educated 33.9%

    High-Yield Neighborhoods for Investment

    Identify Hanover submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49241 $209.5K

    Taxes & Financing

    Tax Rate (average for all types) 3.33%
    Property Tax per SF $78.65 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Jackson County

    New Delisted

    Total CRE Inventory on Market (SF)

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