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    201 Steele St Algoma, WI 54201

    For Sale
    $875,000

    Commercial - Algoma, WI

    Property size:
    12,844 SF
    Lot size:
    0.21 Acres
    Days on Market:
    261
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 201 Steele St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    Zoning
    Commercial Central (CC)
    Parking features
    On Street, Parking Lot
    Interior features
    Living Space Available, Restroom/Lavatory-Common Area, Restroom/Lavatories-Two, Smoke/Fire Alarm, Storage, Three Phase Electric, Gas Water Heater
    Exterior features
    Fence, Sidewalks
    Fencing
    Fenced
    Size
    12,844 SF
    Lot size
    0.21 Acres

    Utilities

    Utilities
    Electricity Available, Water Available
    Heating system
    Electric (Heating), Forced Air, Hot Water (Heating), Natural Gas, Zoned (Heating)
    Cooling system
    Central Air, Multi Units, Wall Unit(s), Window Unit(s)

    Building Details

    Year built
    1857
    Architectural style
    Other

    ERA Starr Realty (800) 661-8555 [email protected]

    Listing agent Heidi Neubauer (800) 661-8555

    Listing date Mar 20, 2025

    MLS# 139490 Listing URL

    Copyright © 2025 Door County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Hotel, Restaurant, and Bar

    This updated historic hotel, restaurant, and bar is located in a quaint waterfront town, offering a great opportunity for short or long-term rentals. The property features modern amenities and beautiful rooms and suites that can accommodate up to 6 people. A third-floor suite includes 4 bedrooms and 2 baths with water views. Situated just two blocks from Lake Michigan and Crescent Beach, guests can easily access the waterfront boardwalk and beach. The surrounding area includes a winery, brewery, art studios, and boutique shops. The property is located in Algoma, Wisconsin, in Kewaunee County. The building has a total area of 12,844 square feet and is situated on a 0.21-acre lot. The zoning is Commercial Central (CC).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Algoma
    County
    Kewaunee
    State
    Wisconsin
    Longitude
    -87.436952
    Latitude
    44.608996

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    FAQs

    What type of property is this?
    Hotel - Updated historic hotel, restaurant, and bar in waterfront town.
    Where is this hotel located?
    The property is located at 201 Steele St Algoma, WI.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Waterfront location in a quaint town, two blocks from Lake Michigan and Crescent Beach.; - Updated historic hotel, restaurant, and bar with modern amenities.; - Potential for short or long term rentals.
    (800) 661-8555
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201 Steele St Algoma, WI 54201
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