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101 Navy Street Hancock, MI 49930
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Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,893 sqft
Price per Sqft $204
Subdivision Mi
MLS Listing ID 50128712
Sold Date 07/02/24
Year Built 2008
Annual Tax Amount $21,371
Tax Year 2023
Lot Size 0.900 Acres
Acres 0.9
Lot Dimensions 219x79x65x44x337x94x125
Property Description
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.
Location
State MI
County Houghton
Area Hancock (31013)
Zoning Commercial
Interior
Heating Forced Air
Cooling Central A/C, Exhaust Fan, HVAC
Exterior
Parking Features 21+ Spaces
Roof Type Shingles
Building
Lot Description Cleared
Foundation Slab
Water Public Water
Structure Type Vinyl Siding,Vinyl Trim
Others
Ownership Private
SqFt Source Public Records
Energy Description Natural Gas
Acceptable Financing Other
Listing Terms Other
Financing Cash,Conventional
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Bought with CENTURY 21 AFFILIATED