227 E State Street

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227 E State Street

Hanover, MI 49241
Asking Price
$279K
Asset Type
Retail
Class
Class B

What's Special

227 E State Street is located in the heart of Hanover, Michigan, a rural village in Jackson County. The property sits along the community's primary thoroughfare, surrounded by a mix of local residential housing and established civic institutions. Nearby amenities include the Hanover-Horton historical sites and local parks, which serve as community gathering points. Regional access is provided via local highways connecting Hanover to the larger employment hubs of Jackson and Hillsdale, both located within a 20-minute drive. The building is suited for local-serving retail uses, such as a specialty boutique, convenience shop, or service-oriented business. The layout and central position make it an appropriate fit for small-scale entrepreneurs or regional retailers looking to establish a presence in a stable, community-focused market. Ideal tenants include those providing daily goods or professional services to the local resident base.

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NOI
$80,000
Cap Rate
28.67%
DSCR
4.83
Strong
Cash-on-Cash
75.79%
Monthly Payment
$1,380.34
Annual Cash Flow
$63,435.923

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