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    Hanover, MI
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    Hanover, MI Office Units for Sale

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    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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    This listing looks promising.

    Here's a quick look at some key insights for

    227 E State St, Hanover, MI 49241

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    • Est. Cap Rate

      6.5%
      Above avg (5.9%)

    • Est. NOI

      $17K
      Annual

    • Mortgage

      $70K
      Jan 2021

    • Last Sold

      Jan 2021
      $60K
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Hanover, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Medical Office Suite in Professional Park
    Medical Office Suite in Professional Park

    2575 Spring Arbor Road, Jackson, MI 49203

    $127,800
    1,278 sqft 0.03 AC lot

    Well-maintained medical office suite with exam rooms, private office, reception, waiting room, and basement storage space.

    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
    Industrial Flex Space
    Industrial Flex Space

    11191 Concord Road, Jonesville, MI 49250

    $499,000
    10,550 sqft 4.22 AC lot

    Combined warehouse, shop, and office areas create a versatile commercial layout.

    View details
    Versatile Commercial Space on Acreage
    Versatile Commercial Space on Acreage

    11191 Concord Rd, Jonesville, MI 49250

    $499,000
    10,000 sqft 4.22 AC lot

    Over 10,000 sq ft commercial space with expansion potential.

    View details

    Hanover, MI Office Units Market Trends and Statistics

    Explore 1 office units for sale in Hanover, MI on our real estate platform. These investment opportunities span a total of 2,000 square feet of properties for sale, with an estimated market value of $259,000.

    Sale prices for office units in Hanover, MI average $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 buildings 1
    Office Units 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 $204.5K

    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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