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Restaurant with Second-Level Apartments
For Sale
$289,000

301 Ellis St, Kewaunee, WI 54216

Commercial Sale, Kewaunee, WI

Property Size4,645 SF
Price / SF$62.22
Days on Market30

Property Features for 301 Ellis St

General Information

Property type Commercial Sale
Property subtype Other
Zoning GC (General Commercial)
Elementary school district Kewaunee
Middle school district Kewaunee
High school district Kewaunee
Subdivision 26-Kewaunee
Standard status Active
Size 4,645 SF

Taxes and HOA fees

Tax Annual Amount 5867

Building Details

Year built 1963
Listing Agency: ERA Starr Realty · ERA Real Estate
Listed By: Greta Meleen · License #9495810
Added: Aug 5 Changed: Aug 19 Last Checked: Sep 3 at 6:06AM
MLS# 147701

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 4,645-square-foot commercial property combines an established restaurant layout with residential space on the second floor. The restaurant includes a fully equipped kitchen and is accompanied by two apartments: one studio and one two-bedroom unit. The arrangement provides flexibility for rental use or on-site living connected to the business.

Built in 1963, the property is located at 301 Ellis St in downtown Kewaunee, Wisconsin. It is zoned GC (General Commercial) and offers a combination of restaurant operations and supplemental residential accommodations within one building.

Key Highlights

  • 4,645 SF commercial property at 301 Ellis St
  • Restaurant includes a fully equipped kitchen
  • Second floor has one studio and one 2‑bedroom apartment

Property Analytics

Current Use

Anchor Down Family ... Restaurant

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Law Firm Hair Salon Grocery & Convenience Store Storage Facility

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

236
Businesses Nearby
Under-served
Demand for This Use

Demographics for 54216, WI

6,164
Population
3,030
Households
2
Avg Household Size
45
Median Age
17%
College-Educated
93%
High-School Grad
107.3 sq mi
ZIP Area
57
Density / Sq Mi
$81,650
Median Household Income
$45,552
Median Earnings
$776
Median Rent
$173,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully equipped kitchen and two second-level apartments combine restaurant space with residential quarters.
Where is this conventional restaurant located?
The property is located at 301 Ellis St Kewaunee, WI.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 4,645 SF commercial property at 301 Ellis St; Restaurant includes a fully equipped kitchen; Second floor has one studio and one 2‑bedroom apartment
More about this property
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