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205 Michigan St 1,500 SF 100% Leased Office Building Hancock, MI 49930 $448,000 ($298.67/SF)
Investment Highlights
- Convenient corner location at Michigan and Water Streets with front and rear parking.
- Updates include solar electric system, high-efficiency furnace, upgraded insulation, and LED lighting.
- Opportunity for building expansion while maintaining adequate parking.
- Main level includes reception area, built-in cubicles, three private offices, and a conference room with French doors.
- Large unfinished basement provides storage and workspace flexibility with an epoxy-coated floor.
- Positioned in Hancock’s active commercial area near ongoing mixed-use development projects.
Executive Summary
This property at 205 Michigan Street offers a fully remodeled office setting right in Hancock’s growing business district. Featuring a reception area, built-in cubicles, three private offices including a suite with its own restroom, and a French-doored conference room, the layout is designed to support professional functions immediately upon occupancy. The included conference table and eight chairs add turnkey functionality for meetings.
Positioned on a corner lot at Michigan and Water Streets, the site provides excellent visibility and convenient access. Ample parking is available in both the front and rear, with room for potential building expansion if space requirements change. Recent upgrades since 2017 include a 96% efficient furnace, a 5.12 kW solar electric system with inverter, LED lighting, sump pump system, enhanced insulation, thermal blinds, new windows, and a fully remodeled main level, making the property highly energy efficient. The lower level offers a large open area and storage, along with an easy-to-maintain epoxy floor.
Hancock, located in Michigan’s scenic Upper Peninsula, is seeing increased development activity highlighted by Skyline Commons. This property positions buyers to secure a stable, efficient asset in an area of revitalization, well-suited for organizations seeking a ready-to-use office or an adaptable investment with long-term upside.
Positioned on a corner lot at Michigan and Water Streets, the site provides excellent visibility and convenient access. Ample parking is available in both the front and rear, with room for potential building expansion if space requirements change. Recent upgrades since 2017 include a 96% efficient furnace, a 5.12 kW solar electric system with inverter, LED lighting, sump pump system, enhanced insulation, thermal blinds, new windows, and a fully remodeled main level, making the property highly energy efficient. The lower level offers a large open area and storage, along with an easy-to-maintain epoxy floor.
Hancock, located in Michigan’s scenic Upper Peninsula, is seeing increased development activity highlighted by Skyline Commons. This property positions buyers to secure a stable, efficient asset in an area of revitalization, well-suited for organizations seeking a ready-to-use office or an adaptable investment with long-term upside.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,500 SF
Building Class
C
Year Built
1990
Price
$448,000
Price Per SF
$298.67
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,500 SF
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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Contact the Sale Advisor
205 Michigan St