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    52097 M-203 Hancock, MI 49930

    New
    Under Contract
    For Sale
    $160,000

    Vacant Land - Hancock, MI

    Lot size:
    0.50 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 52097 M-203

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Residential
    APN
    007-009-062-00
    Lot size
    0.50 Acres

    Building Details

    Architectural style
    Other

    NORTHERN MICHIGAN LAND BROKERS - H (906) 523-5575

    Listing agent JULIE WAARA (906) 523-5575 License #6501374217

    Listing date Dec 11, 2025

    MLS# 50188143 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 Land on Hancock Canal

    This 0.50-acre property features over 180 feet of frontage on the Hancock Canal, part of Portage Lake. Located just 3 miles from downtown Hancock, the site currently contains three damaged and overgrown structures that were previously inhabited and would likely need to be removed. The property is being sold AS-IS and contains debris. Due to site conditions, the property is not suitable for a conventional septic system, and any alternative sewage treatment system would require buyer approval.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hancock
    County
    Houghton
    State
    Michigan
    Longitude
    -88.637391
    Latitude
    47.171217

    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?
    Land - Half-acre waterfront property with development potential near downtown Hancock.
    Where is this land located?
    The property is located at 52097 M-203 Hancock, MI.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: - Enjoy **over 180' of Portage Lake frontage**.; - Waterfront property on the Hancock Canal.; - Located only 3 miles from downtown.
    (906) 523-5575
    Request Owner's contact information
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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
    52097 M-203 Hancock, MI 49930
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