Historic Building with
300 4th St Algoma, WI 54201
300 4th St, Algoma, WI, 54201
$249,900
For Sale
$249,900
COMMERCIAL - Algoma, WI
Property Size15,000 SF
Lot Size0.34 Acres
Price / SF$16.66
Days on Market173
Property Features for 300 4th St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- GC (General Commercial)
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4154
Building Details
- Year built
- 1890
Listing Agency
ERA Starr Realty
(920) 743-4321
PO Box 167 14 S Third Ave, Sturgeon Bay, WI
Listed by
Heidi Neubauer · License #94-59219
(920) 493-6289
Added: Jan 27 Checked: Jul 19 at 12:06 pm
MLS# 145906
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This historic Algoma building includes approximately 15,000 square feet and features a 3,000 square foot penthouse on the top floor of the Netto Palazzo building. The penthouse offers 360-degree views of the city, Ahnapee River, and Lake Michigan, and includes a sauna. An observation or walkway around the perimeter of the apartment provides additional viewing space. The property also has a full basement plus two additional floors, along with a one-story warehouse.
The property is located at 300 4th St in Algoma, WI 54201, on a 0.34-acre lot. The zoning is listed as GC (General Commercial). This is a for-sale offering.
The building is currently configured for income, with the top-floor penthouse listed as renting for $1,400 per month and the second-level studio apartment renting for $800 per month. The owner’s remarks also note multiple potential uses, including condos, apartments, and business rental space, supported by the property’s multi-level layout and included warehouse. The penthouse is currently tenant-occupied, and additional details are available upon request. This offering is also listed as Residential MLS 145907.
The property is located at 300 4th St in Algoma, WI 54201, on a 0.34-acre lot. The zoning is listed as GC (General Commercial). This is a for-sale offering.
The building is currently configured for income, with the top-floor penthouse listed as renting for $1,400 per month and the second-level studio apartment renting for $800 per month. The owner’s remarks also note multiple potential uses, including condos, apartments, and business rental space, supported by the property’s multi-level layout and included warehouse. The penthouse is currently tenant-occupied, and additional details are available upon request. This offering is also listed as Residential MLS 145907.
Key Highlights
- 3,000 sq ft penthouse with 360‑degree views of the city, Ahnapee River, and Lake Michigan.
- Historic building with 15,000 sq ft offering many opportunities including condos, apartments, or business rental space.
- Existing rental income from penthouse ($1,400/month) and studio apartment ($800/month).
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Historic mixed-use property offering a top-floor penthouse with sauna and flexible space across multiple levels.
Where is this multifamily property located?
The property is located at 300 4th St Algoma, WI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 3,000 sq ft penthouse with **360‑degree views of the city, Ahnapee River, and Lake Michigan**.; Historic building with 15,000 sq ft offering many opportunities including condos, apartments, or business rental space.; Existing rental income from penthouse ($1,400/month) and studio apartment ($800/month).
