50015 & 50027 Highway M26 Road

Two homes are available for sale, along with a generously sized 24x40 garage built in 2017 by MJO Contracting who is well respected. The garage is insulated in the ceiling and has 200-amp service. The property sits on a spacious 0.99-acre lot, directly adjacent to the ATV/snowmobile trail on the uphill side. It’s larger than most lots in the area. There are two houses on the property. The smaller home on the east side is about 1,200 sq ft and needs a complete renovation (“gut job”). It has charming exterior architecture, water and sewer are available however are not currently hooked up. It’s a more substantial structure but was smoked in. There are two main directions a buyer could take. One option is to use one house as a “mother-in-law” suite or vacation rental while living in the other or, if preferred, remove one house to create a single-family home with a large yard. Another option is to fix up both homes and use them as vacation rentals and/or long-term rentals. The property likely won’t qualify for conventional financing. It offers a pleasant view of Torch Lake and is just over six miles from the Portage Lift Bridge, close to town, but without the higher prices of Houghton and Hancock.