“It was once owned by the state of Michigan, and the Coast Guard put a lighthouse up on it. Later, when the lighthouse was decommissioned, the state ended up selling it to a private party and then it ended up in my seller’s hands,” explains listing agent Cindy Anderson, with Lake Homes Realty.

An 18-foot-tall lighthouse on the 3.42-acre isle helped guide ships up until the 1930s and then fell into disrepair.

The lighthouse is now gone. It was moved a few miles upstream on the St. Mary’s River to the front of the U.S. Coast Guard station in nearby Sault Ste. Marie.

Today, Frying Pan Island has only a tiny cobblestone building and a large pier, which could be a boon for a new owner.

“Anything built by the Army Corps of Engineers is pretty rock solid,” Anderson says of the pier. “It’s in great shape and looks like it could be the day after it was built.”

The massive landing is 160 feet wide and 510 feet long, and it has a water depth of 56 feet.

“Our region is known as a sailing mecca. With this property where it is, you could have a really big sailboat there. The pier is nice and it’s dredged, so you could pull right up there,” she says.

Anderson says there’s plenty of potential for the island.

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“It’s a blank canvas and it doesn’t really fall under any kind of zoning,” she says. “You could have a few cabins on there. You could tunnel utilities under the water from De Tour Village, which is within a half-mile from the island.”

The current owners had plans to put a structure on the property, but the project fell through, according to Anderson.

“At one point, he got his hands on a water tower from some town that was decommissioning the water tower. He came up with a design of a house being built out of this water tower. I think the shipping for the water tower or something fell through. Then they just decided to keep it as an investment.”

Michigan’s Frying Pan Island Dishes Up a Delectable Opportunity appeared first on Real Estate News & Insights | realtor.com®.