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    Hanover, IN Retail Properties & Spaces for Sale

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    Madison, IN Lexington, IN Nabb, IN
    Retail Space in College Town
    $199,000
    Retail Space in College Town

    214 W Lagrange Road, Hanover, IN 47243

    Highly visible retail space near Hanover College and Madison, Indiana.
    • Highly visible location on US 56
    • Convenient to Madison, IN and State Parks
    • Could be ideal for owner/user occupant
    • Located in a college town (Hanover College)
    • 45 Minutes to Louisville, KY
    Updated: Jul 13, 2021
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    Prime Location Commercial Building
    $529,000
    7,200 SF
    Prime Location Commercial Building

    3498 W Sr 56, Hanover, IN 47243

    High-traffic location with expansion potential and existing infrastructure.
    • Prime location at the intersection of SR62 and SR56 with high traffic count (over 12,000 vehicles/day) and 300 feet of road frontage.
    • Zoned General Business with city water and sewer, offering a multitude of business opportunities.
    • Large 7,200 sq ft metal building constructed in 2015 with metal roof, foam insulation, and in‑floor radiant heat for low maintenance.
    • Over 50 parking spaces in front and over an acre of space behind allow for expansion.
    • Well‑maintained property with nice office areas, employee break areas, and 2 restrooms.
    Updated: Jan 7, 2020
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    Based on your search, we've compiled 40 Potential Opportunities for your consideration. Besides 2 Active listings in Hanover, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 30 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.

    Versatile Commercial Building on Clifty Drive
    $525,000
    6,750 SF
    Versatile Commercial Building on Clifty Drive

    6,750 sq ft building on 1.04 acres with income potential.

    2929 Clifty Dr, Madison, IN 47250

    View details
    Adaptable Commercial Building on Hilltop
    $224,900
    0.31 Acres
    Adaptable Commercial Building on Hilltop

    Versatile commercial building with Local Business zoning in Madison, IN.

    1402 Bear Street, Madison, IN 47250

    View details
    Versatile Mixed-Use Property For Sale
    $119,900
    5,837 SF
    Versatile Mixed-Use Property For Sale

    Mixed-use property suitable for retail, office, or light industrial.

    14190-14196 W Main Street, Deputy, IN 47230

    View details
    Commercial Property on Hwy 3
    Contact for pricing
    0.57 Acres
    Commercial Property on Hwy 3

    Commercial property with road frontage, formerly a gas/service station.

    3930 N State Road 3, Deputy, IN 47230

    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.

    Commercial Land Zoned General Business
    $65,000
    Commercial Land Zoned General Business

    Land for sale, zoned for general business use.

    3617 Clifty Drive, Madison, IN 47250

    View details
    Commercial Land in Madison, Indiana
    $79,900
    Commercial Land in Madison, Indiana

    High-traffic commercial land with city utilities available.

    600 Green Road, Madison, IN 47250

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    10.7 Acre Commercial Site
    $600,000
    10.70 Acres
    10.7 Acre Commercial Site

    Commercial land for sale adjacent to Wal-Mart.

    650+ E Clifty Drive, Madison, IN 47250

    View details
    Charlestown Commercial Land For Sale
    $2,704,800
    11.50 Acres
    Charlestown Commercial Land For Sale

    Prime commercial land available in Charlestown, Indiana.

    Plot A Of 11452 Highway 62, Charlestown, IN 47111

    View details

    Off-Market Properties in Hanover, IN

    Consider similar Off-Market properties in Hanover, IN. 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.

    214 Lagrange Rd
    Retail properties & Spaces
    Lot: 0.55 Acres

    214 Lagrange Rd, Hanover, IN 47243

    View details
    3498 Sr 56
    Retail properties & Spaces
    Lot: 2.46 Acres
    Value Estimation by Request

    3498 Sr 56, Hanover, IN 47243

    View details
    3498 State Rd 56
    RETAIL STORES (PERSONAL SERVICES)
    7,290 SF Lot: 2.46 Acres
    Estimated value
    $640,000

    3498 State Rd 56, Hanover, IN 47243-9063

    View details
    526 Scenic Dr
    RESTAURANT
    3,165 SF Lot: 1.00 Acre
    Value Estimation by Request

    526 Scenic Dr, Hanover, IN 47243

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    10 Medical Plz
    FINANCIAL BUILDING
    1,621 SF Lot: 0.61 Acres
    Value Estimation by Request

    10 Medical Plz, Hanover, IN 47243-9481

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    11 Medical Plz
    SHOPPING CENTER, STRIP CENTER
    4,317 SF Lot: 0.59 Acres
    Value Estimation by Request

    11 Medical Plz, Hanover, IN 47243-8410

    View details
    9 Main Cross St
    RETAIL STORES (PERSONAL SERVICES)
    1,560 SF Lot: 0.13 Acres
    Value Estimation by Request

    9 Main Cross St, Hanover, IN 47243-9465

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    104 Main Cross St
    CONVENIENCE STORE
    4,284 SF Lot: 0.76 Acres
    Value Estimation by Request

    104 Main Cross St, Hanover, IN 47243

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    174 Main St
    RESTAURANT
    16,914 SF Lot: 2.72 Acres
    Value Estimation by Request

    174 Main St, Hanover, IN 47243

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    211 Main St
    AUTO REPAIR, GARAGE
    5,292 SF Lot: 0.21 Acres
    Value Estimation by Request

    211 Main St, Hanover, IN 47243

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    241 Main St
    RETAIL STORES (PERSONAL SERVICES)
    1,008 SF Lot: 0.19 Acres
    Value Estimation by Request

    241 Main St, Hanover, IN 47243-9479

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    251 Main St
    RETAIL STORES (PERSONAL SERVICES)
    1,008 SF Lot: 0.10 Acres
    Value Estimation by Request

    251 Main St, Hanover, IN 47243-9479

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    273 Madison Ave
    FINANCIAL BUILDING
    2,272 SF Lot: 1.60 Acres
    Value Estimation by Request

    273 Madison Ave, Hanover, IN 47243-9616

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    309 Lagrange Rd
    RETAIL STORES (PERSONAL SERVICES)
    720 SF Lot: 0.50 Acres
    Value Estimation by Request

    309 Lagrange Rd, Hanover, IN 47243

    View details
    239 Lagrange Rd
    RESTAURANT
    224 SF Lot: 0.66 Acres
    Value Estimation by Request

    239 Lagrange Rd, Hanover, IN 47243-9441

    View details
    320 Lagrange Rd
    RETAIL STORES (PERSONAL SERVICES)
    3,120 SF Lot: 0.43 Acres
    Value Estimation by Request

    320 Lagrange Rd, Hanover, IN 47243-9442

    View details
    468 Lagrange Rd
    CONVENIENCE STORE
    1,374 SF Lot: 0.96 Acres
    Value Estimation by Request

    468 Lagrange Rd, Hanover, IN 47243-9087

    View details
    507 Lagrange Rd
    AUTO REPAIR, GARAGE
    2,784 SF Lot: 1.00 Acre
    Value Estimation by Request

    507 Lagrange Rd, Hanover, IN 47243

    View details
    318 Lagrange Rd
    AUTO REPAIR, GARAGE
    2,786 SF Lot: 1.57 Acres
    Value Estimation by Request

    318 Lagrange Rd, Hanover, IN 47243-9442

    View details
    162 Lagrange Rd
    RETAIL STORES (PERSONAL SERVICES)
    12,960 SF Lot: 0.50 Acres
    Value Estimation by Request

    162 Lagrange Rd, Hanover, IN 47243-9437

    View details
    215 Lagrange Rd
    RETAIL STORES (PERSONAL SERVICES)
    8,000 SF Lot: 0.94 Acres
    Estimated value
    $775,000

    215 Lagrange Rd, Hanover, IN 47243-9441

    View details
    613 Lagrange Rd
    CAR WASH
    1,820 SF Lot: 0.50 Acres
    Value Estimation by Request

    613 Lagrange Rd, Hanover, IN 47243

    View details

    Hanover, IN Retail Properties & Spaces Investment Opportunities Market Analysis

    Explore 32 retail properties & spaces for sale in Hanover, IN on our real estate platform. These investment opportunities span a total of 7,200 square feet of properties for sale, with an estimated market value of $529,000.

    Sale prices for stores in Hanover, IN start at $529,000, averaging $529,000, and reaching up to $529,000 — 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

    Grocery and convenience stores 1

    Demographics Overview

    Population 6,235
    Population Growth (5Y) +3.0%
    Median Household Income $66,333
    College Educated 28.6%

    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
    47243 $364K

    Taxes & Financing

    Tax Rate (average for all types) 2.38%
    Property Tax per SF $62.13 per SF
    Average Loan-to-Value 65.0%

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