101 Navy Street $1,190,000

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    101 Navy Street Hancock, MI 49930

    Keep Showing-Contgcy Appl
    Request Info
    • 4,893 sq. ft.
    • 0.90 Acres
    • Commercial
    • MLS# 50128712
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    Views: 89 Days On Site: 155

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    Property Details

    Description Tours

    An incredible Hancock waterfront opportunity is waiting here. A rare find with expansive waterfront and bridge views. This commercial property was built in 2008 with an addition in 2021 and is in excellent condition. With close to 4,900 finished square feet this property can continue on the path to become a go-to local restaurant or possibly transition into condos. The interior plans are for 2 bars, one on each level, a large kitchen and plenty of storage. There are restrooms on both levels. Open the doors to 2 levels of outdoor seating and a 2,700 square foot covered pavilion with concrete floor. The pavilion would make a great outdoor entertaining place for weddings or parties. There is a garage storage building with over 1,500 feet of space. Trail 17 is located very close to this site and it's easy to jump off here. The buildings include 3 furnaces one of which is new, 2 new central air units, all new kitchen equipment along with a 15-foot exhaust hood and comes with 52 parking spaces for patrons. Class C and SDM liquor licenses are included. The building is still in a construction phase but so close to opening. All plans and construction are health department approved. The seller has owned and run restaurants for decades and is willing to consult if needed. The possibilities are endless with this location.

    • General Features
      • Acreage 0.9
      • Area Municipality Hancock (31013)
      • Body of Water Portage Canal
      • County Houghton
      • NEW CONSTRUCTION Incomplete
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership Private
      • Total SqFt Finished 4893
      • Waterfront Y/N Yes
      • Year Built 2008
      • ZONING Commercial
    • Building Features
      • Cooling System Central A/C, Exhaust Fan, HVAC
      • Exterior Construction Vinyl Siding, Vinyl Trim
      • Exterior Features Deck/Patio, Security Lighting
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Shingles
    • Property Features
      • Water Public Water
      • Water Features Waterfront
      • LOT DESCRIPTION Cleared
      • PARKING 21+ Spaces
      • Lot Size 219x79x65x44x337x94x125
      • Roads City/County, Paved Street
      • Sewer Septic Public At Street

    Contact

    Barb Parker

    Barb Parker

    Intranet User

    RE/MAX Douglass Real Estate

    Direct: 906-482-1000

    Neighborhood

    49930 (Hancock) Demographics

    33 Median Age
    131 Population Density (per sq. mile)
    48% College Educated
    $47,266 Estimated Median Income
    1,642 Estimated Total Home Owners
    1,014 Estimated Total Renters
    62% / 38% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    7,032 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $182,500 Median Sales Price
    4 Homes Sold
    6 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,190,000
        1/23/2024 9:35:14 AM Status Changed Source: Multiple Listing Service New Value: Keep Showing-Contgcy Appl
        11/28/2023 4:07:00 PM New in Database Source: Multiple Listing Service New Value: $1,190,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.