235 Hancock St Hancock, MI 49930-2003

Property Details for 235 Hancock St

Lot size

0.39 lot acres

Property type

Commercial real estate

APN

051-011-001-00

APU

5101100100

Description

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.