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For sale
    • $399,000

    52175 M203 Highway, Hancock, MI 49930

    4beds
    2,020sqft
    : 
    $2,773/mo
    Get pre-qualified
    Single Family Residence
    Built in 1920
    0.27 Acres Lot
    $347,000 Zestimate®
    $198/sqft
    $-- HOA

    What's special

    Private entranceRustic wood-fired saunaMain-floor bedroomSecond-floor private bedroomEat-in kitchen
    PORTAGE LAKE! This two-unit waterfront property sits on approximately 332 feet of Portage Canal frontage. Each residential unit has 2 bedrooms, 1 full bathroom, and a private entrance. The waterfront-side unit features an eat-in kitchen, a living room with large windows overlooking the canal, a main-floor bedroom, a full bathroom, a second-floor private bedroom, and a walkout basement with convenient waterfront access. The second unit includes an eat-in kitchen, living room, and full bathroom on the main floor, with 2 bedrooms upstairs. Both units are tenant-occupied with signed leases and flexible terms for landlords; leases may be shared for a buyer’s review with a prequalification letter and/or proof of funds. Outside, the property offers approximately 332 feet of waterfront, 2 permanent docks, a rustic wood-fired sauna, and a sizable roadside storage shed for outdoor equipment and recreational gear. This is a special opportunity to own Portage Canal waterfront property with existing rental income potential until you are ready to occupy and enjoy it yourself. Since 2022, the seller has completed many updates, including some of the following: flooring, electrical, plumbing, appliances, kitchen fixtures, bathroom fixtures, exterior improvements, drywall, painting, and more. A list of updates is available upon request. Leases to transfer at closing. ------ NOTICE: Information is believed accurate but not guaranteed. Buyers must inspect & verify all property details. Buyers accept all risks of inaccuracies, including but not limited to, acreage, lot size/location, square footage, & utility availability/costs. Real estate taxes will be reassessed & may change significantly after sale; do not assume your tax bills will match the seller’s. Taxes are not zero. GIS, apps and plat book pages/maps are not surveys. Buyer pre-approval or proof of funds documentation to be provided upon request. ------OFFERS: Please allow 72 hours for a response. Seller may set or change offer deadlines at any time with or without notice.
    7 days
    363
    17

    Zillow last checked:

    Listing updated:

    Listed by:

    EMMETT LARSON 906-370-9857,

    CENTURY 21 AFFILIATED 906-482-0001,

    KRISTINE WEIDNER (JUKURI) 906-281-1848,

    CENTURY 21 AFFILIATED

    Source: MiRealSource,MLS#: 50220117MLS LogoOriginating MLS: Upper Peninsula Assoc of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 1
      • Main level bedrooms: 1
      Bedroom 1
      • Features: Carpet
      • Level: Main
      • Area: 132
      • Dimensions: 12 x 11
      Bedroom 2
      • Features: Carpet
      • Level: Upper
      • Area: 120
      • Dimensions: 10 x 12
      Bedroom 3
      • Features: Carpet
      • Level: Upper
      • Area: 66
      • Dimensions: 6 x 11
      Bedroom 4
      • Features: Wood
      • Level: Upper
      • Area: 63
      • Dimensions: 9 x 7
      Bathroom 1
      • Features: Vinyl
      • Level: Main
      • Area: 36
      • Dimensions: 4 x 9
      Bathroom 2
      • Features: Vinyl
      • Level: Upper
      • Area: 25
      • Dimensions: 5 x 5
      Family room
      • Features: Wood
      • Level: Upper
      • Area: 187
      • Dimensions: 11 x 17
      Kitchen
      • Features: Vinyl
      • Level: Main
      • Area: 180
      • Dimensions: 10 x 18
      Living room
      • Features: Carpet
      • Level: Main
      • Area: 216
      • Dimensions: 12 x 18
      Heating
      • Boiler, Propane
      Cooling
      • Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, Water Heater
      Features
      • None
      • Flooring: Carpet, Wood, Vinyl
      • Basement: Block,Full,Exterior Entry,Interior Entry,Unfinished,Partial
      • Has fireplace: No
      Interior area
      • Total structure area: 3,324
      • Total interior livable area: 2,020 sqft
      • Finished area above ground: 2,020
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Driveway
      Features
      • Levels: One and One Half
      • Stories: 1.5
      • Patio & porch: Deck
      • Has view: Yes
      • View description: Water, Canal
      • Has water view: Yes
      • Water view: Water,Canal
      • Waterfront features: Canal Front, Lake Front, Waterfront, Interior Lake
      • Body of water: Portage
      • Frontage length: 332
      Lot
      • Size: 0.27 Acres
      • Dimensions: 332 x 34 x 332 x 50+/- See Surv
      • Features: Irregular Lot, Sloped
      Details
      • Additional structures: Shed(s), Sauna
      • Parcel number: 00700905600 &00700905700
      • Zoning: https://hancocktwp.org/ordinances/
      • Zoning description: Other
      • Special conditions: Private,Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding, Asphalt
      Condition
      • New construction: No
      • Year built: 1920

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Septic Tank
      • Water: Private Well
      • Utilities for property: Cable Available, Electricity Connected

      Community & HOA

      Community
      • Subdivision: .
      HOA
      • Has HOA: No
      Location
      • Region: Hancock

      Financial & listing details

      • Price per square foot: $198/sqft
      • Tax assessed value: $280,400
      • Annual tax amount: $5,025
      • Date on market: 8/28/2026
      • Cumulative days on market: 7 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Road surface type: Paved

        Estimated market value

        $347,000

        $295,000 - $406,000

        $1,781/mo

        Price history

        DateEventPrice
        8/28/2026Listed for sale$399,000-16%$198/sqft
        Source: MiRealSource #50220117 Report a problem
        10/16/2024Listing removed$475,000$235/sqft
        Source: RE/MAX of Michigan #50158130 Report a problem
        10/13/2024Listed for sale$475,000+46.2%$235/sqft
        Source: RE/MAX of Michigan #50158130 Report a problem
        7/15/2021Listing removed--
        Source: RE/MAX of Michigan Report a problem
        7/12/2021Listed for sale$325,000$161/sqft
        Source: RE/MAX of Michigan #1128366 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,025 +5%$140,200 +27.1%
        2024$4,785 $110,300 +9.3%
        2023-- $100,900 +7.2%
        2022-- $94,100 -0.8%
        2021-- $94,900 -1.7%
        2020-- $96,549 -10.3%
        2019-- $107,671 +18.2%
        2018-- $91,103 +0.2%
        2017-- $90,937 +1.6%
        2016-- $89,494 +4.7%
        2015-- $85,482 +17%
        2014-- $73,080 +3.6%
        2013-- $70,508
        2012-- $70,508 +0.6%
        2011-- $70,075 -0.1%
        2010-- $70,144
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 49930

        Getting around

        0 / 100
        Car-Dependent
        1 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Hancock Public Schools

        Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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