21207 Royce Road Hancock, Hancock, MI 49930

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Listing date Jul 7, 2026

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Overview

Offered for sale is a 7.88-acre waterfront land parcel with approximately 600 feet of prime shoreline and direct Portage Lake access. The property is positioned to take advantage of views to the east, south, and west, making it well suited for a future development plan. A cell tower is located on-site, and the tower lease provides monthly payments to the owner.

The parcel is described as having waterfront access from Michigan Tech and is located close to the Portage Lift Bridge. As noted in the remarks, it is one of the remaining larger waterfront pieces near that area.

For buyers looking for development land with meaningful shoreline and clear, existing lease structure, this site offers both waterfront character and an in-place tower lease. The seller notes the potential for the property to begin generating tower lease payments to a new owner immediately after closing. The property’s length of lake frontage and lake-facing orientation support a variety of planning concepts that prioritize shoreline access and open water views, subject to applicable approvals.

Suggested Use

Real Estate Agency Auto Repair Shop Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Catering Service Pharmacy Restaurant (Bike/Boat/Book/etc) Store

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

Location Insight

• Map
• Local Demand

City

Hancock

County

Houghton

State

Michigan

Longitude

-88.534662

Latitude

47.122957

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FAQs

What type of property is this?

Waterfront Land - A waterfront land parcel with extensive prime shoreline and existing cell tower lease income.

Where is this waterfront land located?

The property is located at 21207 Royce Road Hancock Hancock, MI.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 7.88‑acre Portage Lake waterfront parcel with waterfront access and all‑sports lake frontage; Over 600 ft of waterfront; interior lake water features plus lakefront/waterfront designation; Frontage on Portage Lake with deep, large lot description including partially wooded areas