Gorgeous views and Portage Lake frontage with the conveniences of being close to downtown and the campuses of Finlandia University and Michigan Technological University make this a great location. The views extend across and down the lake in both directions. The parcel has potential for your future home or the City may permit multi-family properties. A bonus feature of this waterfront lot is the one half of the existing dock (other half owned by neighboring condo building). Considered in the seller's reasonable price for 368+/- feet of waterfrontage in the city is an existing city sewer line easement that will need to be developed around. This is a great year round or 'snow bird' location. One possibility to consider, subject to City approval, is building a duplex for you to live in one unit and rent the 2nd unit as your investment property. The property also has potential to be split so you could keep the portion you want and sell a portion. The City of Hancock may be willing to assist in developing the portion of Navy Street Extension and potentially moving it closer to the back of the property (subject to buyer's plans for the lot and within reason). Any proposals for development of the road would be subject to the City's approval and agreement. Utilities would need to be extended (at buyer's expense) from the neighboring condominium property. The city water line ends on Lot 1 (near hydrant). Location of any structures must not be over the existing sewer line.
|Waterfront: Y||Est Water Front Ft: 368.0|
|Type: Residential Lots||Body of Water: Portage Lake|
|Terrain: Flat||Municipality: Hancock C|
|Acreage: 1.32||Area: Hancock C|
|Jun 4 2020 9:50AM||Price Change||$189,800|
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