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235 HANCOCK ST
HANCOCK, MI 49930

$1,900,000
MLS# 50082728

 

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PROPERTY DESCRIPTION

Here is a TURN KEY opportunity that does not come across very often, a chance to own a 46 unit hotel in central Hancock! The Copper Crown has been a staple in Houghton and Hancock for decades! The property has been maintained and updated as necessary through the years to include the most recent updates such as the new membrane roof, newer siding, pool dehumidifier, and more. Included in the price are all of the necessary furnishings to operate the hotel immediately such as furniture, linens, etc. The hotel features a pool, hot tub, conference rooms, saunas, laundry room, and continental breakfast room. The unique aspect of this downtown property is that the property occupies 3 corners of the intersection. There is the hotel corner, a vacant 16,000 square foot lot that has been used for parking, and a storage building on the south side of Hancock St. The availability of all of this property allows for incredible potential to include operating the hotel with these other properties to support the hotel for parking or storage, or it could allow for something completely new! The cold storage building is approximately 3700 square feet and has been most recently been used for owner storage, but also interior snowmobile storage for winter customers. The property is located on Southbound US Highway 41 (Hancock St), 1/2 of a block off of the Main St of Hancock (restaurants, shopping, future grocery store), is a quick drive/walk/bike to the City of Houghton, close to Universities, hospitals, Portage Canal, and is in the heart of all of the Keweenaw Peninsula has to offer. The hotel is set to begin operations soon to restart the lodging tradition known as the Copper Crown! Don't miss this opportunity!!

 
LOCATION
235 HANCOCK ST
Hancock, MI 49930

County: Houghton

School District:

Property Tax Area: Hancock (31013)

Waterfront: No
Water View:
Shoreline:

Road Access:

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DETAILS
Business Type
Total Buildings
Total Building Square Feet 26000.00
Lot Dimensions 175'x120' and 125'x120'
Year Built (Approx.) 1968
Status: Active
 
 
BUILDING & CONSTRUCTION

Foundation:

 

Basement: No

Exterior:

Garage:

Fireplace:

 

Accessibility:

Green Features:

 

Basement: No

     
 
UTILITIES, HEATING & COOLING

Sewer: Public Sanitary

Water: Public Water

     

Heat: Electric,Natural Gas: Boiler,Electric Heat

 

Air Conditioning:

     
 
 
 
PAYMENT CALCULATOR
Loan Amount:
(enter numbers only)
Interest Rate: %
Repayment Period: YEARS
   
MONTHLY PAYMENT
*
* The Monthly Payment amount calculated may vary from the actual payment amount. Always consult your financial institution for actual amounts.
 
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Listing Office:
Century 21 Affiliated

Listing Agent:
Jukuri, David

 
 
 
 

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REAL ESTATE

Search MLS Properties
Today's New Listings

Featured Listings
Land Contract Properties

 

JOURNALS, MEDIA
& MORE

Pic of the Day
Josh's Journal

Property Tax Estimator
Snowfall Total Contest

WEBCAMS

Josh's Live Stream
Bridge Cam
Maine Deer Cam
Mackinaw Bridge Cam
MTU Campus Cam

HUNTING &
FORESTRY

Hunting Journal
Buck Pole
U.P. Deer Blind
Northwoods Forest Mgmt.

 

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