Algoma, WI Commercial Real Estate for Sale

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Historic Hotel with Restaurant and Bar
Updated: Sep 3
Historic Hotel with Restaurant and Bar

201 Steele St, Algoma, WI 54201

$875,000
12,844 sqft 0.21 AC lot
12,844‑square‑foot hotel, restaurant, and bar property
Built in 1857 and updated with modern amenities
Guest rooms and suites accommodate up to 6 people
Third‑floor suite includes 4 bedrooms, 2 baths, and water views
Two blocks from Lake Michigan and Crescent Beach
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Historic Mixed-Use Building
Updated: Jan 27
Historic Mixed-Use Building

300 4th St, Algoma, WI 54201

$249,900
15,000 sqft 0.34 AC lot
Approximately 15,000 square feet in a historic 1890 building
3,000‑square‑foot top‑floor penthouse with sauna
360‑degree views of the city, Ahnapee River, and Lake Michigan
Full basement, two additional floors, and a one‑story warehouse
GC (General Commercial) zoning
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Church Facility with Large Sanctuary
Church Facility with Large Sanctuary

916 FELD Street, Algoma, WI 54201

$559,900
15.00 AC lot

Church property with a substantial gathering area, flexible interior arrangement, and established safety systems.

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See hot listings in Algoma

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Updated Hotel with Restaurant and Bar
Updated Hotel with Restaurant and Bar

201 Steele St, Algoma, WI 54201

$875,000
12,844 sqft

Guest-room furnishings are included, along with a four-bedroom, two-bath third-floor suite.

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Warehouse with Separate Entrances
Warehouse with Separate Entrances

Division St, Algoma, WI 54201

$50,000
0.13 AC lot

Electrified storage building with two connected sections and independent access points.

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Commercial Buildable Lot with Driveway
Commercial Buildable Lot with Driveway

1724 JEFFERSON Street, Algoma, WI 54201

$49,500
0.57 AC lot

Buildable commercial lot features a gravel driveway and utilities available at the road in Algoma.

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Church Facility with Large Sanctuary
Church Facility with Large Sanctuary

916 Feld St, Algoma, WI 54201

$559,900
10,000 sqft 15.00 AC lot

Flexible religious facility with substantial assembly space and room for community, educational, or institutional programming.

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Historic Mixed-Use Building
Historic Mixed-Use Building

300 4th St, Algoma, WI 54201

$249,900
15,000 sqft

Multiple levels combine residential, commercial, basement, and warehouse components with an elevated penthouse residence.

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Turn-Key Restaurant on Highway 42
Turn-Key Restaurant on Highway 42

2217 Lake Street, Algoma, WI 54201

$189,900
0.33 AC lot

Free-standing restaurant with equipment included, near downtown Algoma.

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Retail Property in Algoma, WI
Retail Property in Algoma, WI

300 Steele St, Algoma, WI

Contact for pricing
5,276 sqft 0.08 AC lot

Retail property available for sale in Algoma, Wisconsin.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 10 Active listings in Algoma, WI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Gas Station with RV Sites
Gas Station with RV Sites

202 Milwaukee St, Kewaunee, WI 54216

$1,600,000
2,106 sqft

Waterfront convenience retail combines fuel sales, food service, RV camping, docks, and marine fueling.

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Breakfast & Diner with Apartments
Breakfast & Diner with Apartments

301 Ellis St, Kewaunee, WI 54216

$259,900
4,645 sqft

Restaurant property with a fully equipped kitchen and two second-floor apartments, including a studio and a two-bedroom unit.

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Turn-key Profitable Bar/Restaurant Opportunity
Turn-key Profitable Bar/Restaurant Opportunity

E3261 County Road S, Casco, WI 54205

$624,900
5,880 sqft

Well-maintained bar/restaurant for sale.

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Bar & Pub with Dance Hall
Bar & Pub with Dance Hall

E3261 COUNTY ROAD S, Casco, WI 54205

$549,900
1.80 AC lot

Established bar and dining operation with a full kitchen, furnished upper-level living space, and extensive restaurant equipment.

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Off-Market Properties in Algoma, WI

Consider similar Off-Market properties in Algoma, WI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1525 Mueller St
INDUSTRIAL (GENERAL)

1525 Mueller St, Algoma, WI 54201-1981

Estimated value:
$940,000
8.33 AC lot
View details
4508th County Rd K K
COMMERCIAL (GENERAL)

4508th County Rd K K, Algoma, WI 54201-9634

Estimated value:
$300,000
4.81 AC lot
View details
402 Steele St
SERVICE STATION (FULL SERVICE)

402 Steele St, Algoma, WI 54201-1267

Estimated value:
$90,000
284 sqft
View details
720 3rd St
COMMERCIAL (GENERAL)

720 3rd St, Algoma, WI 54201-1344

Estimated value:
$250,000
1,287 sqft
View details
1321 Rabas St
COMMERCIAL (GENERAL)

1321 Rabas St, Algoma, WI 54201

Estimated value:
$185,000
5,000 sqft 1.36 AC lot
View details
1421 Lk St
OFFICE BUILDING

1421 Lk St, Algoma, WI 54201-1449

Estimated value:
$775,000
3,009 sqft
View details
42 Michigan St
MOTEL

42 Michigan St, Algoma, WI 54201

Estimated value:
$900,000
5,268 sqft
View details
710 Ss St
COMMERCIAL (GENERAL)

710 Ss St, Algoma, WI 54201-1479

Estimated value:
$280,000
3,613 sqft
View details
4253rd County Rd K K
COMMERCIAL (GENERAL)

4253rd County Rd K K, Algoma, WI 54201-9609

Estimated value:
$400,000
30.39 AC lot
View details
1309 Rabas St
COMMERCIAL (GENERAL)

1309 Rabas St, Algoma, WI 54201

Estimated value:
$195,000
3,840 sqft 1.36 AC lot
View details
225 Navarino St
INDUSTRIAL (GENERAL)

225 Navarino St, Algoma, WI 54201-1247

Estimated value:
$285,000
0.39 AC lot
View details
2413 Lk St
VACANT COMMERCIAL LAND

2413 Lk St, Algoma, WI 54201-2007

Estimated value:
$70,000
1.70 AC lot
View details
401 3rd St
OFFICE/RESIDENTIAL (MIXED USE)

401 3rd St, Algoma, WI 54201-1210

Estimated value:
$90,000
2,556 sqft
View details
2427 Lk St
COMMERCIAL (GENERAL)

2427 Lk St, Algoma, WI 54201-2007

Estimated value:
$520,000
2,772 sqft 20.00 AC lot
View details

Algoma, WI Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Algoma, WI, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 70,964 square feet of properties for sale, with an estimated market value of $3,659,000.

Sale prices for business properties in Algoma, WI start at $49,500, averaging $406,555, and reaching up to $875,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 5,178
Population Growth (5Y) -0.2%
Median Household Income $65,772
College Educated 26.0%

High-Yield Neighborhoods for Investment

Identify Algoma submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
54201 $405.1K

Taxes & Financing

Tax Rate (average for all types) 2.14%
Property Tax per SF $16.26 per SF
Tax Rate vs County Average 0.34 pp above county avg
Average Loan-to-Value 65.0%

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