Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    209 Montezuma St Hancock, MI 49930

    Sponsored
    For Sale
    $240,000

    $240,000 - Mixed-Use Potential in Hancock, MI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This unique $240,000 property at 209 Montezuma in Hancock, Michigan, presents a compelling investment opportunity. Located in the B-2 Community Mixed-Use zoning district, this special purpose land offers versatile potential for various business or residential uses. The existing structure, while currently listed as residential (MLS 50159801), features an enclosed front porch, foyer, dining room, living room with hardwood floors and leaded glass windows, an updated kitchen, and a half bath on the main level. Upstairs, find three bedrooms, a full bathroom with a clawfoot tub, a stackable laundry closet, and an additional office or reading nook area in one bedroom. A third floor provides potential for expansion. The property's prime location offers convenient access to Hancock's main street, while a nearby park and trail system enhance its appeal. Buyers are responsible for verifying all aspects of the property, including lot size, square footage, utilities, and permitted uses with the City of Hancock. Note that real estate taxes are subject to change following the sale, and the property may be subject to audio/video recording. Offers require a 72-hour response time, and the seller reserves the right to modify deadlines. This is a rare chance to acquire a property with significant redevelopment potential in a desirable Michigan location. All information is believed accurate but not warranted.

    Property Features for 209 Montezuma St

    General Information

    Property type
    Land

    HighLights

    • $240,000 investment opportunity in Hancock, MI.
    • Located in B‑2 Community Mixed‑Use zoning.
    • Existing structure features 3 bedrooms, updated kitchen, hardwood floors, and leaded glass windows.
    • Convenient access to Hancock's main street and nearby park.
    • Potential for expansion on the third floor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hancock
    County
    Houghton
    State
    Michigan
    Longitude
    -88.5844442
    Latitude
    47.1254628

    Nearby Comparable

    • $349,900
      3,700 SF

      Victorian Duplex in East Hancock

      Spacious 6 bed/3 bath duplex with income potential.
      218 Harris Ave, Hancock, MI 49930
      View Details
    • $3,950,000
      18,750 SF

      Houghton Industrial Plaza Investment

      12-unit plaza, high-traffic location, strong leases.
      901 Razorback Dr, Houghton, MI 49931
      View Details
    • $475,000
      4,470 SF

      Downtown Houghton Industrial Gem

      High-traffic location, versatile space, great views.
      815 Shelden Ave, Houghton, MI 49931
      View Details
    • $3,950,000

      Houghton Commercial Plaza

      High-Traffic 12-Unit Investment
      901 Razorback Dr, Houghton, MI 49931
      View Details
    • $1,250,000
      4,800 SF

      Houghton Industrial Property

      Prime Houghton location, 4800+ sq ft.
      912 Razorback Dr, Houghton, MI 49931
      View Details
    • $32,500
      1.89 Acres

      Hancock Vacant Land For Sale

      Vacant land in Hancock Business and Technology Park.
      11 Dolomite, Hancock, MI 49930
      View Details
    • $499,900
      75.95 Acres

      Houghton Vacant Land Opportunity

      75+ acres of land with development potential in Houghton, MI.
      Tbd Off Cedar, Houghton, MI 49931
      View Details
    • $2,443,779
      3,039 SF

      New Retail Property For Sale

      New construction retail property with long-term lease and rental escalations.
      1006 W Sharon Ave, Houghton, MI 49931
      View Details

    Nearby Similar for Sale

    • $349,900
      3,700 SF

      Victorian Duplex in East Hancock

      Spacious 6 bed/3 bath duplex with income potential.
      218 Harris Ave, Hancock, MI 49930
      View Details

    FAQs

    What type of property is this?
    Land - $240,000 - Mixed-Use Potential in Hancock, MI
    Where is this land located?
    The property is located at 209 Montezuma St Hancock, MI.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: $240,000 investment opportunity in Hancock, MI.; Located in B-2 Community Mixed-Use zoning.; Existing structure features 3 bedrooms, updated kitchen, hardwood floors, and leaded glass windows.
    Request Owner's contact information
    209 Montezuma St Hancock, MI 49930
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    209 Montezuma St
    Hancock, MI 49930
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    209 Montezuma St Hancock, MI 49930
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.