tbd 2, 3, 4 navy st extension st

Beautiful waterfront opportunity in a low traffic area in the City of Hancock! The conveniences of being close to downtown and the campuses of Finlandia University and Michigan Technological University make this a great development location. Gorgeous views across and down the lake in both directions. The parcel has potential for your future home or the City may permit multi-family properties. One possibility is building a duplex allowing you to gain the benefit of living in one unit, enjoying the great views and Portage Lake frontage and the income from your rental investment property. The property also has potential to be split so you could keep the portion you want and sell a lot next to you. AN AWESOME BONUS for the buyer of this property is that 1/2 of the existing dock is included (shared with the condo units next door). The City of Hancock may be willing to assist in developing the portion of Navy Street Extension and potentially moving it closer to the back of the property (subject to buyer's plans for the lot and within reason). Any proposals for development of the road would be subject to the City's approval and agreement. Utilities would need to be extended (at buyer's expense) from the neighboring condominium property. The city water line ends on Lot 1 (near hydrant). Location of any structures must not be over the existing sewer line.