Individually Owned Property summary
Exceptional opportunity to acquire the Copper Crown Hotel, a 46-unit established hotel in Hancock, Michigan. Priced at $1,900,000, this turnkey operation includes all furnishings, ensuring immediate operational readiness. Recent updates include a new membrane roof, newer siding, and a pool dehumidifier. Amenities encompass a pool, hot tub, conference rooms, saunas, laundry facilities, and a continental breakfast room. The property's unique location occupies three corners of a key… intersection, offering significant development potential. This includes a 16,000 square-foot vacant lot currently used for parking and a 3,700 square-foot storage building, previously utilized for owner and seasonal snowmobile storage. Situated on Southbound US Highway 41 (Hancock St.), the hotel is conveniently located half a block from Hancock's Main Street, offering easy access to restaurants, shopping, and a future grocery store. Proximity to Houghton, universities, hospitals, and the Portage Canal further enhances its appeal. The Copper Crown Hotel is poised to resume operations, presenting a rare chance to own a well-established lodging business with substantial expansion possibilities in the heart of the Keweenaw Peninsula. The property's strategic location and existing infrastructure provide a strong foundation for continued success and future growth.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 0.39 ac
- APN
- 051-011-001-00
- Assessed value · 2023
- $39,794
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Owner Contacts
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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