Undeveloped land Hannibal (MO) in offers business owners and entrepreneurs almost limitless opportunities on which to build on. Leasing land instead of buying can save much needed capital from limited budgets. Some Hannibal (MO) landlords may be willing to add on a purchase option in the contract, but before signing any real estate contracts seek legal advice plus research the local by-laws for any Hannibal (MO) zoning regulations that could inhibit your business plans.