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    202 Milwaukee St Kewaunee, WI 54216

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    Claim this Listing
    For Sale
    $1,600,000

    Retail - Kewaunee, WI

    Type:Retail
    Property size:
    2,106 SF
    Lot size:
    0.61 Acres
    Price / SF:
    $759/SF
    Added:
    Nov 4, 2025
    Days on Market:
    176
    Last Refresh:
    Apr 29 at 5:06 am

    Property Features for 202 Milwaukee St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    G2 Commercial
    Security features
    Security Lighting
    Interior features
    Fixtures, Handicap Access, Rest Rooms
    Exterior features
    Fuel Tanks, Pole Sign
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    241000101460
    Size
    2,106 SF
    Lot size
    0.61 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    5519.46

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1987
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Brad Broecker
    Brad Broecker

    Listing agent Brad Broecker License #58889-90

    Listing office Century 21 Aspire Group 822 S. 8th St., Manitowoc, WI 54220, Manitowoc, WI

    Listing date Nov 4, 2025

    MLS# 1942026 Listing URL

    Copyright © 2026 Metro 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

    Harbor Express Gas Station Retail

    This successful convenience store and gas station, known as the Harbor Express, is located on the Kewaunee Harbor. The property includes an active Amaco fuel station, featuring regular, midgrade, and premium fuels available from two double pumps. Additionally, there are 11 RV camping sites on the waterfront, complete with docks and a dockside marine fuel station. This turnkey operation is offered with all equipment necessary to continue the business as is, with the oil agreement fully transferable. The property features a full-service convenience store offering beer, liquor, and tobacco sales, along with a coffee bar, bright display areas, and full-service food with a dining area. The property is zoned G2 Commercial and has a lot size of 0.61 acres. The building size is 2,106 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Harbor Express Gas Station Amoco Car Wash Next Gen Charters Tour Operator ATM (Harbor Express) Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Kewaunee
    County
    Kewaunee
    State
    Wisconsin
    Longitude
    -87.503498
    Latitude
    44.460934

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    FAQs

    What type of property is this?
    Gas station - Successful convenience store/gas station with food service and RV camping.
    Where is this gas station located?
    The property is located at 202 Milwaukee St Kewaunee, WI.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Turnkey convenience store/gas station with food service on Kewaunee Harbor; Active Amaco fuel station with transferable oil agreement; 11 RV camping sites on the waterfront with docks and dockside marine fuel station
    (920) 374-1282
    We can help!
    Listing Contact
    Brad Broecker
    Brad Broecker
    Real Estate License ID: 58889-90
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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