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    Property profile & analytics

    209 Montezuma St Hancock, MI 49930

    • Commercial real estate
    For Sale
    View listing
    $240,000
    Value Estimation
    Location Intelligence
    Property ID
    US43-3031099
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 209 Montezuma St

    Property type
    Commercial real estate

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

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

    Comparable in this City

    • $160,000
      0.50 Acres

      Waterfront Land on Hancock Canal

      Half-acre waterfront property with development potential near downtown Hancock.
      52097 M-203, Hancock, MI 49930
      View Details
    • $64,900
      11.40 Acres

      Hubbell Vacant Land with Creek

      11.4 acres with historic character, natural features, and recreational access.
      50415 M-26, Hubbell, MI 49930
      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
    • $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

    Similar Nearby for Sale

    • $160,000
      0.50 Acres

      Waterfront Land on Hancock Canal

      Half-acre waterfront property with development potential near downtown Hancock.
      52097 M-203, Hancock, MI 49930
      View Details
    • $64,900
      11.40 Acres

      Hubbell Vacant Land with Creek

      11.4 acres with historic character, natural features, and recreational access.
      50415 M-26, Hubbell, MI 49930
      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
    • $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
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    209 Montezuma St
    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
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