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Historic Mixed-Use Building
For Sale
$249,900

300 4th St, Algoma, WI 54201

Commercial Sale, Algoma, WI

Property Size15,000 SF
Lot Size0.34 Acres
Price / SF$16.66
Days on Market219

Property Features for 300 4th St

General Information

Property type Commercial Sale
Property subtype Other
Zoning GC (General Commercial)
Elementary school district Algoma
Middle school district Algoma
High school district Algoma
Subdivision 23-Algoma
Standard status Active
Size 15,000 SF
Lot size 0.34 Acres

Taxes and HOA fees

Tax Annual Amount 4154

Amenities

sauna
observation walkway

Building Details

Year built 1890
Listing Agency: ERA Starr Realty · ERA Real Estate
Listed By: Heidi Neubauer · License #91834125
Added: Jan 27 Changed: Aug 19 Last Checked: Sep 3 at 1:06AM
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.

Built in 1890, this historic mixed-use property contains approximately 15,000 square feet across a full basement, two additional floors, and a one-story warehouse. The uppermost level includes a 3,000-square-foot penthouse with a sauna and perimeter walkway. A separate studio apartment is also part of the existing configuration.

The building is located at 300 4th St in Algoma, Wisconsin, with views toward the city, the Ahnapee River, and Lake Michigan. Zoned GC (General Commercial), the property has been identified for potential residential and commercial applications, including apartments, condominiums, and business rental space.

Key Highlights

  • Approximately 15,000 square feet in a historic 1890 building
  • 3,000‑square‑foot top‑floor penthouse with sauna
  • 360‑degree views of the city, Ahnapee River, and Lake Michigan

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm HVAC Service Electrical Service Dental Office Hair Salon Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

311
Businesses Nearby

Demographics for 54201, WI

5,281
Population
2,603
Households
2
Avg Household Size
48
Median Age
19%
College-Educated
92%
High-School Grad
75.5 sq mi
ZIP Area
70
Density / Sq Mi
$65,772
Median Household Income
$39,787
Median Earnings
$823
Median Rent
$174,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - GC-zoned property with multiple floors, a full basement, warehouse space, and a top-floor penthouse.
Where is this mixed-use 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: Approximately 15,000 square feet in a historic 1890 building; 3,000‑square‑foot top‑floor penthouse with sauna; 360‑degree views of the city, Ahnapee River, and Lake Michigan
More about this property
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