Lakefront Development Land
For Sale
$1,500,000
21207 Royce Road Hancock, Hancock, MI 49930
A waterfront land parcel with extensive prime shoreline and existing cell tower lease income.
Property SizeContact for details
Days on Market48
Property Features for 21207 Royce Road Hancock
General Information
Standard status
Active
Property subtype
Land
Zoning
None (Zoning)
Amenities
Paved Street,Country,Year Round,Black Top
620
Gas At Street
Public At Street,Not to Property (Sewer)
PORTAGE LAKE
Water
7.88
Approx 600x504x600x612
Lake Frontage,Waterfront,All Sports Lake,Interior Lake
Yes
Deep Lot - 150+ Ft.,Large Lot - 65+ Ft.,Partially Wooded
No
Listing Agency:
RE/MAX 1ST REALTY
(906) 225-1136
Listed By:
Sindy Jensen · License #6506001775
(906) 225-1136
Source:
Callremax1st
Added: Jul 7
Changed: Aug 11
Last Checked: Aug 22 at 3:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 1ST REALTY
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 49930, MI
7,135
Population
3,366
Households
2.1
Avg Household Size
36
Median Age
44%
College-Educated
96%
High-School Grad
49.5 sq mi
ZIP Area
144
Density / Sq Mi
$67,946
Median Household Income
$31,847
Median Earnings
$749
Median Rent
$211,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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
