Advertise
    Hanover, MI
    Retail

    Hanover, MI Retail Space for Sale

    Notify Me
    List
    Map
    Horton, MI Jonesville, MI Jackson, MI Jerome, MI Concord, MI Spring Arbor, MI Cement City, MI Clarklake, MI
    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.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    227 E State St, Hanover, MI 49241

    View Property Analytics

    • 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
    Turnkey Commercial Building with Storage
    Updated: May 4
    Turnkey Commercial Building with Storage

    227 E State Street, Hanover, MI 49241

    $230,000
    Move‑in ready commercial building built in 1960 offering over 2,000 sq ft of versatile space
    1.5+ acre lot with outdoor space for parking, expansion, or outdoor programming
    Two‑zone heating system plus a newer roof
    Includes two bathrooms and a functional kitchen area
    On‑site storage shed measuring 10' x 16'
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Hanover, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 1 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.

    High Visibility Commercial Space
    High Visibility Commercial Space

    317 W Chicago Street, Jonesville, MI 49250

    $549,500
    6,021 sqft 0.47 AC lot

    Premier 6,021 SF facility on a busy traffic corridor.

    View details
    Versatile Commercial Property in Jackson
    Versatile Commercial Property in Jackson

    3306 Francis Street, Jackson, MI 49203

    $250,000
    4,164 sqft 0.81 AC lot

    4,164 sqft building on 0.81 acres in high-visibility location.

    View details
    High Visibility Commercial Space
    High Visibility Commercial Space

    317 W Chicago Street, Jonesville, MI 49250

    $549,500
    6,000 sqft

    Premier 6,000 SF facility on a busy traffic corridor.

    View details
    Versatile Commercial Property on Francis St
    Versatile Commercial Property on Francis St

    3306 Francis St, Jackson, MI 49203

    $250,000
    4,164 sqft 0.81 AC lot

    Commercial property with high visibility, flexible zoning, and ample space.

    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.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

    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.

    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
    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

    Hanover, MI Retail Space Market Trends and Statistics

    Explore 5 retail space 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 retail space 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.

    List
    Map

    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 $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)

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Retail space for Sale Near Hanover, MI

    Popular Searches in Hanover, MI

    Popular Categories

    Most Searched ZIP Codes in Hanover, MI

    • 49241

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!