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    Algoma, WI
    Hospitality

    Algoma, WI Hospitality Properties 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
    View details
    Updated Hotel with Restaurant and Bar
    Updated: Sep 9
    Updated Hotel with Restaurant and Bar

    201 Steele St, Algoma, WI 54201

    $875,000
    12,844 sqft
    12,844‑square‑foot hotel property with restaurant and bar facilities
    Original building dates to 1857; majority of space was built in 1905
    Third‑floor suite includes 4 bedrooms, 2 bathrooms, and water views
    Guest rooms and suites accommodate up to 6 people
    Hotel room and suite furnishings included
    View details
    See hot listings in Algoma

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    2 active listings match your search: Hospitality for sale in Algoma, WI. Based on your search, we've also compiled 12 Potential Opportunities for your consideration: 4 properties in nearby cities, 7 off-market properties to explore as potential leads, and 1 land listing with development potential.

    Opportunities in Nearby Cities

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

    Motel with Outdoor Pavilion
    Motel with Outdoor Pavilion

    797 Hwy 42, Ellison Bay, WI 54210

    $398,500
    1,160 sqft 1.68 AC lot

    An established lodging operation offers guest rooms, boat and trailer parking, and Mixed Use Commercial (MC) zoning.

    View details
    Motel with RV Sites
    Motel with RV Sites

    3145 Stevenson Pier Circle, Sturgeon Bay, WI 54235

    $549,900
    928 sqft

    The property pairs motel accommodations with a separate RV camping component.

    View details
    6-Room Motel with Pavilion
    6-Room Motel with Pavilion

    797 Hwy 42, Ellison Bay, WI 54210

    $398,500
    1,160 sqft 1.68 AC lot

    The operating lodging property includes boat and trailer parking, along with outdoor areas for guest gatherings.

    View details
    Updated 16-Room Motel
    Updated 16-Room Motel

    3145 STEVENSON PIER Circle, Sturgeon Bay, WI 54235

    $549,900
    3.40 AC lot

    Commercially zoned lodging property combining guest rooms with an on-site RV park near the Bay of Little Sturgeon.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Waterfront Land with Bay Views
    Waterfront Land with Bay Views

    4882 Bay Shore Dr, Sturgeon Bay, WI 54235

    $268,500
    1.23 AC lot

    1.23 acre waterfront land parcel with bay views.

    View details

    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.

    42 Michigan St
    MOTEL

    42 Michigan St, Algoma, WI 54201

    Estimated value:
    $900,000
    5,268 sqft
    View details
    820 Water St
    MOTEL

    820 Water St, Algoma, WI 54201-1104

    Estimated value:
    $165,000
    5,928 sqft
    View details
    533 4th St
    MOTEL

    533 4th St, Algoma, WI 54201-1221

    Estimated value:
    $290,000
    6,592 sqft
    View details
    2221 Lk St
    MOTEL

    2221 Lk St, Algoma, WI 54201-2005

    Estimated value:
    $420,000
    4,984 sqft
    View details
    1500 Lk St
    MOTEL

    1500 Lk St, Algoma, WI 54201-1402

    Estimated value:
    $290,000
    5,288 sqft 1.20 AC lot
    View details
    99 Michigan St
    MOTEL

    99 Michigan St, Algoma, WI 54201-1074

    Estimated value:
    $325,000
    8,074 sqft
    View details
    201 Steele St
    HOTEL

    201 Steele St, Algoma, WI 54201-1264

    Estimated value:
    $305,000
    8,316 sqft
    View details

    Algoma, WI Hospitality Properties Market Trends and Statistics

    Explore 9 hospitality properties for sale in Algoma, WI on our real estate platform. These investment opportunities span a total of 25,688 square feet of properties for sale, with an estimated market value of $1,750,000.

    Sale prices for hospitality properties in Algoma, WI average $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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 2

    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 $875K

    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%

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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