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    21021 Royce Rd Hancock, MI 49930

    Under Contract
    For Sale
    $1,100,000

    Commercial/Industrial - Hancock, MI

    Property size:
    1,600 SF
    Lot size:
    4.50 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 9 at 1:06 am

    Property Features for 21021 Royce Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    006-116-001-00 & 006-031-032-0
    Dock
    1
    Size
    1,600 SF
    Lot size
    4.50 Acres

    Utilities

    Water front features
    Lake Frontage, Lake/River Access, All Sports Lake, Interior Lake, Lake/River Access, Waterfront, Waterfront
    Water front
    1

    Building Details

    Year built
    1940
    Architectural style
    Other

    STATE WIDE OF HOUGHTON (906) 482-6955

    Listing agent DICK WALRATH (906) 482-6955 License #6502131425

    Listing date Nov 13, 2025

    MLS# 50194151 Listing URL

    Copyright © 2025 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Property Near Michigan Tech

    This property features 587 feet of waterfront on Portage Lake, directly across from Michigan Tech. It presents a development opportunity for additional marina space, featuring seven 45-foot steel piers. The 32x50 brick office/garage includes two 9-foot high by 10-foot wide overhead doors. The property benefits from highway frontage, offering visibility for business presentation. A 100-foot wide railroad right-of-way runs through the parcel and is not included in the 4.5 net acres usable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marinas

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hancock
    County
    Houghton
    State
    Michigan
    Longitude
    -88.551202
    Latitude
    47.125894

    Nearby Similar for Sale

    • $249,000
      3,040 SF

      Well-Maintained Duplex Near Waterfront

      Duplex near waterfront, downtown Hancock, updated electrical, income opportunity.
      803 Elm St, Hancock, MI 49930
      View Details

    FAQs

    What type of property is this?
    Marina - Prime waterfront property with development potential near Michigan Tech.
    Where is this marina located?
    The property is located at 21021 Royce Rd Hancock, MI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - 587' of prime waterfront on Portage Lake, directly across from Michigan Tech.; - Opportunity for additional marina development.; - Seven 45' steel piers included.
    (906) 482-6955
    Request Owner's contact information
    21021 Royce Rd Hancock, MI 49930
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21021 Royce Rd Hancock, MI 49930
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