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    Algoma, WI Hotels 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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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Algoma, WI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Boutique Motel with Courtyard Garden
    Boutique Motel with Courtyard Garden

    717 E Ludington Avenue, Ludington, MI 49431

    $2,200,000
    12,129 sqft 1.16 AC lot

    Lodging property with guest amenities, a commercial kitchen, and landscaped outdoor areas.

    View details
    Multi-Building Hotel Property
    Multi-Building Hotel Property

    1757 N Manitou Trail, Leland, MI 49654

    $4,200,000
    9,244 sqft 4.33 AC lot

    Hospitality property combining short-term lodging, an innkeeper residence, office space, and seasonal recreational rentals.

    View details
    29-Room Motel with Courtyard
    29-Room Motel with Courtyard

    717 E Ludington Ave, Ludington, MI 49431

    $2,200,000
    12,129 sqft

    Lodging property with guest amenities, landscaped outdoor areas, and walkable access to downtown Ludington.

    View details
    Hotel Property with Lake Views
    Hotel Property with Lake Views

    1757 N Manitou Trail, Leland, MI 49654

    $4,200,000
    9,244 sqft 4.33 AC lot

    Hospitality property with multiple buildings, short-term rental accommodations, and private frontage across the road from North Lake Leelanau.

    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.

    201 Steele St
    HOTEL

    201 Steele St, Algoma, WI 54201-1264

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

    Algoma, WI Hotels Market Trends and Statistics

    Explore 3 hotels 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 resorts 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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    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%

    How Realmo verifies these figures

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