For Sale
315 S Jackson Street, Hanover, MI 49241
$1,500,000
MLS # 26009926 (Michigan Regional Information Center (MichRIC))
12 unitsBuilt 196413 acres
1 / 86
Listing Description
Excellent multifamily investment opportunity offering 12 income-producing units situated on approximately 13 acres in the Village of Hanover. The property includes five duplex buildings and two single-family homes, providing a diverse unit mix and strong rental demand. This portfolio has benefited from significant recent improvements, helping reduce future capital expenses and making it a low-maintenance investment for the next owner. The property has maintained consistently strong occupancy, with all units currently leased, providing stable income and reliable cash flow. In addition to the existing rental income, the property offers future upside potential with the 13 acres of land primed for development. Wickman Apartments Portfolio represents a compelling investment opportunity for investors seeking both current cash flow and long-term growth potential. 6 parcels total. 000-17-28-126-015-01, 000-17-28-126-015-02, 000-17-28-127-003-02, 000-17-28-127-003-01, 000-17-28-126-014-01
Source: SparkMLS
About this home
Currently offered at $1,500,000.
Estimated annual property tax: $7,551, or about $629 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Property Subtype5+ Units
Bathrooms0
Lot Size13 acres
Year Built1964
Location
CityHanover
MunicipalityHanover Vlg
Zip Code49241
CountyJackson
School DistrictHanover-Horton
Construction & Systems
ConstructionAluminum Siding, Block, Brick, Stone, Vinyl Siding
BasementCrawl Space, Full, Partial, Slab
HeatingForced Air, Hot Water, Radiant
WaterWell
SewerSeptic Tank
UtilitiesNatural Gas Connected, Electricity Connected
Sale & Financing
Listed3/15/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$7,551
Tax Year2025
State Equalized Value$128,400
Taxable Value$48,192
Assessed Value$139,513
Parcel #000-17-28-126-006-00
Source: Public Records
Legal Description
LOTS 11 AND 12 LONE OAK SUBDIVISION VILLAGE OF HANOVER
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Crystal Dane
Coldwell Banker Groves Real Estate
Frequently Asked Questions about 315 S Jackson Street, Hanover, MI 49241
What school district is 315 S Jackson Street, Hanover, MI 49241 in?
Per MLS# 26009926, this property is served by Hanover-Horton. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 315 S Jackson Street, Hanover, MI 49241?
Per MLS# 26009926, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26009926, the most recent reported annual property tax for 315 S Jackson Street, Hanover, MI 49241 is $7,551 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 315 S Jackson Street, Hanover, MI 49241 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 315 S Jackson Street, Hanover, MI 49241 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Sewer: Septic Tank. Water: Well. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Hanover Vlg police department or the Jackson County sheriff's office.
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BETATax History
View SEV, Taxable Value, and uncapping difference for this parcel — Jackson County public records.
Mortgage Calculator
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Monthly payment$9,729
Principal & interest$9,729
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
315 S Jackson Street, Hanover, MI 49241
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Municipality
Hanover Township
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County
Jackson County
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