Opportunity for development near the hospital, high/middle school and residential area. This parcel has B-2 zoning and is situated on the corner of Captain's Drive and Campus Drive. In addition to the close proximity to the hospital and schools there is convenient access to the Maasto Hiihto and Churning Rapids Trails (http://www.cityofhancock.com/recreation-maasto.php) and the snowmobile trails. Other amenities the City of Hancock has to offer are the Hancock Recreation – Beach and Campground (http://www.cityofhancock.com/recreation-beach-campground.php) and several community parks http://www.cityofhancock.com/recreation-parks.php) including the Laurn Grove park that has an outdoor pickle ball courts, playground, outdoor ice rink and basketball courts. Utilities available in the area are water, sewer, natural gas, electric, phone and cable. Buyer to verify availability and connection locations as part of an inspection contingency. Estimated acreage: 0.94+/- (Acreage includes utility, right of way area and Tomasi Drive. Tomasi Drive is not shown on map.) Taxes will be assessed after closing. No current tax info as it is City owned. RESTRICTIVE COVENANT: Buyer agrees to the following restrictive covenants that will be included in the deed at the time of closing: Construction must begin within 18 months from closing & completed within 18 months from start of construction. If not completed, City can purchase the property back for original sale price less 10%. Sale is contingent upon City of Hancock council approval prior to closing. ADDRESS: Address may be Captain's Drive or Campus drive, depending on approved site plan by City and addressing process. NOTICE: Buyer(s) acknowledge that any offer terms submitted and Buyer's intended use will become public information. All information believed accurate but not warranted. Buyer recommended to inspect property, verify all information & bears all risks for any inaccuracies. All measurements (acres, lot size etc) are estimated. Sellers may have audio/video recording devices present on property. By entering or being on property, Buyer, and Buyer's agent consent to being recorded. OFFERS: Seller will not respond to offers prior to 3/8/2024. Restrictive covenants and contingency for City Council approval prior to closing must be included in all offers. Buyer acknowledges offer terms and intended use will become public information.