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    Hanover, MI
    Retail

    Hanover, MI Retail Properties & Spaces for Sale

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    Horton, MI Jackson, MI Jonesville, MI
    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 28 Potential Opportunities for your consideration. Besides 3 Active listings in Hanover, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 17 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.

    Commercial Building on 1-Acre Lot
    Commercial Building on 1-Acre Lot

    7394 Moscow Road, Horton, MI 49246

    $225,000
    1,200 sqft · 1.00 AC lot

    Versatile commercial building with drive-through, suitable for various business uses.

    View details
    Turnkey Salon with All Equipment Included
    Turnkey Salon with All Equipment Included

    107 Homer Road, Concord, MI 49237

    $89,999
    764 sqft · 0.03 AC lot

    Fully furnished salon setup with styling stations and wash/laundry equipment, ready for immediate operation.

    View details
    Commercial Building in Concord, Michigan
    Commercial Building in Concord, Michigan

    101 Spring Arbor Road, Concord, MI 49237

    $259,900
    4,716 sqft · 0.34 AC lot

    Commercial building with high ceilings and overhead doors for sale.

    View details
    Commercial Frontage on Moscow Road
    Commercial Frontage on Moscow Road

    7560 Moscow Road, Horton, MI 49246

    $150,000
    720 sqft · 0.72 AC lot

    Former ice cream store with commercial frontage on Moscow Rd.

    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.

    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    VL Spring Arbor Rd, Jackson, MI 49201

    $55,000
    4.98 AC lot

    Highly visible commercial land with frontage on M-60.

    View details
    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.

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    29 Acre Commercial Land Parcel
    29 Acre Commercial Land Parcel

    1 North Concord Road, Concord, MI 49237

    $299,000
    1,263,240 sqft · 29.00 AC lot

    29 acres of commercial land with highway access and visibility.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    VL Spring Arbor Road, Jackson, MI 49201

    $900,000
    65.60 AC lot

    Two commercial properties with development potential along M-60.

    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.

    103 Main St
    GROCERY, SUPERMARKET

    103 Main St, Hanover, MI 49241-9811

    Value Estimation by Request
    3,456 sqft · 0.06 AC lot
    View details
    11990 Pulaski Rd
    DRUG STORE, PHARMACY

    11990 Pulaski Rd, Hanover, MI 49241-9812

    Value Estimation by Request
    2,400 sqft · 2.06 AC lot
    View details
    137 Main St
    RETAIL STORES (PERSONAL SERVICES)

    137 Main St, Hanover, MI 49241-9811

    Value Estimation by Request
    1,624 sqft · 0.16 AC lot
    View details
    11021 Moscow Rd
    RESTAURANT

    11021 Moscow Rd, Hanover, MI 49241-9791

    Value Estimation by Request
    1,615 sqft · 0.61 AC lot
    View details
    110 Jackson St
    CONVENIENCE STORE

    110 Jackson St, Hanover, MI 49241-8714

    Value Estimation by Request
    3,016 sqft · 0.73 AC lot
    View details
    9959 Pulaski Rd
    GROCERY, SUPERMARKET

    9959 Pulaski Rd, Hanover, MI 49241-9752

    Value Estimation by Request
    2,704 sqft · 0.27 AC lot
    View details
    103 Main
    AUTO REPAIR, GARAGE

    103 Main, Hanover, MI 49241-9309

    Value Estimation by Request
    8,663 sqft · 0.29 AC lot
    View details
    318 Railroad St
    LAUNDROMAT (SELF-SERVICE)

    318 Railroad St, Hanover, MI 49241-9660

    Value Estimation by Request
    1,344 sqft · 0.30 AC lot
    View details
    133 Main St
    RESTAURANT

    133 Main St, Hanover, MI 49241-9811

    Value Estimation by Request
    2,400 sqft · 0.08 AC lot
    View details
    134 Main St
    GROCERY, SUPERMARKET

    134 Main St, Hanover, MI 49241-9811

    Value Estimation by Request
    1,500 sqft · 0.13 AC lot
    View details
    130 Main St
    BAR, TAVERN

    130 Main St, Hanover, MI 49241-9811

    Value Estimation by Request
    1,920 sqft · 0.11 AC lot
    View details
    127 Main St
    GROCERY, SUPERMARKET

    127 Main St, Hanover, MI 49241-9811

    Value Estimation by Request
    2,320 sqft · 0.06 AC lot
    View details
    127 Main St
    GROCERY, SUPERMARKET

    127 Main St, Hanover, MI 49241-9811

    Value Estimation by Request
    4,460 sqft · 0.15 AC lot
    View details
    114 Main St
    RETAIL STORES (PERSONAL SERVICES)

    114 Main St, Hanover, MI 49241-9811

    Value Estimation by Request
    720 sqft · 0.06 AC lot
    View details
    137 Main St
    RETAIL STORES (PERSONAL SERVICES)

    137 Main St, Hanover, MI 49241-9811

    Value Estimation by Request
    4,800 sqft · 0.55 AC lot
    View details
    125 Main St
    FINANCIAL BUILDING

    125 Main St, Hanover, MI 49241-9811

    Value Estimation by Request
    1,508 sqft · 0.12 AC lot
    View details
    143 Main St
    WHOLESALE OUTLET, DISCOUNT STORE

    143 Main St, Hanover, MI 49241-9811

    Value Estimation by Request
    4,700 sqft · 0.26 AC lot
    View details

    Hanover, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 20 retail properties & spaces for sale in Hanover, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 7,917 square feet of properties for sale, with an estimated market value of $837,999.

    Sale prices for stores in Hanover, MI start at $149,999, averaging $209,499, and reaching up to $279,000 — 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

    Storefront properties 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 $197.6K

    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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