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    237 Mill St Algoma, WI 54201

    New
    For Sale
    $189,900

    MULTI_FAMILY - ALGOMA, WI

    Property size:
    2,193 SF
    Lot size:
    0.19 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 237 Mill St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Residential
    APN
    201-00130-0200
    Size
    2,193 SF
    Lot size
    0.19 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant, Oil
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Vinyl Siding

    Keller Williams Green Bay [email protected]

    Listing agent Shannon C Malott (920) 632-7702

    Listing date Dec 4, 2025

    MLS# 50313950 Listing URL

    Copyright © 2025 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Family Investment Opportunity in Algoma

    This multi-family property in Algoma, Wisconsin, presents an opportunity for various investment strategies. It features four apartments, two of which are currently rented on month-to-month leases, while the other two are vacant. One of the vacant apartments is undergoing construction and boasts tall ceilings. The property includes updated vinyl windows throughout. The basement is equipped with newer plumbing, a newer electrical panel, a coin-operated washer and dryer, and four older, well-maintained boilers. There is potential to increase rental income due to a history of low rental prices. This property could suit an owner-occupier looking to live in the lakeside city of Algoma, someone seeking their first investment property, or an investor aiming to expand their portfolio. The lot size is 0.19 acres. The property size is 2193 square feet. Tenants are responsible for their own electric and heat, while the landlord covers water expenses. The property is zoned for both commercial and residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Algoma
    County
    Kewaunee
    State
    Wisconsin
    Longitude
    -87.445574
    Latitude
    44.612268

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    FAQs

    What type of property is this?
    Apartment building - Multi-family property with rental income potential in Algoma, Wisconsin.
    Where is this apartment building located?
    The property is located at 237 Mill St Algoma, WI.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: - Four-unit building with income potential from existing tenants.; - Two vacant units offer immediate renovation and rental income opportunities.; - Updated vinyl windows throughout the property.
    (920) 632-7702
    Request Owner's contact information
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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
    237 Mill St Algoma, WI 54201
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