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3 Beds
2 Baths
2,088 sqft

$450,000

4146 W State Road 56, Hanover IN, 47243

Price per sqft$215.52
Built in1960
Property size2,088 sqft
Property typeResidential

Overview

Active

Listed Sep 1, 2026

Updated Sep 3

Investors- Developers Take Note! Prime Land Opportunity. Take advantage of the expansion of Hanover's fast growing commercial development and neighboring Hanover College! The Town of Hanover has recently annexed this property into town limits and has approved a comprehensive plan labeling this property potential to be mixed use zoning. Currently zoned R-1 allows up to 4 single family homes per acre, but with the need for more housing, this is enough land for apartments or duplexes. It is also large enough for potential commercial use.... Just to the west is commercial zoned with Dollar General, Urgent Care, Overhead Door, McDonalds, Subway, Taco Bell, and Gas Station. Property has an updated recorded survey. The current residence is a 3 bedroom/2 bathroom home that could continue on as a single family residence/rental or converted to an office/business. ***Some photographs are potential conceptual development renderings. Seller is willing to short term lease the property... $1,800.00/mo utilities included. No pets. No smoking. Tenants must pass a background and credit check.

$2,994/mo

Est. mortgage payment based on a $450,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2026011386

Interior Features

Bedrooms
3
Bathrooms
2
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
2.89 Acres

Other Property Details

Taxes
$3,448
Tax Frequency
Annually
MLS provider logo

Listed by Robin Mingione with eXp Realty, LLC
Listing Contact: 888-611-3912 

The IDX display contains information sourced from the Southern Indiana REALTORS® Association as of 9/3/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Southern Indiana REALTORS® Association all rights reserved.

Data last updated on 9/3/2026 at 5:00 AM UTC

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