Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mississippi Bluff View Development Land Title is generated by Realmo AI

    S1541 Shawnee Drive, Alma, WI 54610

    View on Map
    Claim this Listing
    For Sale
    $32,400

    Lots & Land - Alma, WI

    Lot size:
    1.34 Acres
    Added:
    May 8, 2026
    Days on Market:
    27
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for S1541 Shawnee Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    201003101010
    Lot size
    1.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    526.33

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ben Mains

    Listing agent Ben Mains

    Listing office Keller Williams Select Realty 1915 Plaza Dr, Apple Valley, WI

    Listing date May 8, 2026

    MLS# 7081720 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Development lots perched high in the bluffs overlooking the Mississippi River and Alma, WI
    • Property is in Buffalo County and surrounded by rolling hills and mature timber
    • Nearly 20 acres available for purchase as an entire development
    • Minutes from downtown Alma, marinas, restaurants, and outdoor recreation

    Overview

    Located high in the bluffs overlooking the Mississippi River, these development lots offer a rare opportunity to own land in scenic bluff country. The property is set amid rolling hills and mature timber, combining a sense of privacy with expansive natural views.

    The lots are in Buffalo County and positioned within minutes of downtown Alma, with convenient access to nearby marinas, restaurants, and outdoor recreation. With Buffalo County’s well-known whitetail deer hunting draw, the setting also appeals to buyers looking for an outdoor-focused retreat or investment.

    Zoned Residential-Single Family, the parcels are well suited for buyers seeking to build in a natural, elevated setting with long-range scenery. Options include purchasing individual lots, or exploring multi-lot purchase incentives and the possibility of buying the entire development to own nearly 20 acres. For those considering a personal retreat, a legacy build, or a small residential development, these lots provide a strong foundation in one of Western Wisconsin’s most sought-after outdoor destinations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alma
    County
    Buffalo
    State
    Wisconsin
    Longitude
    -91.928924
    Latitude
    44.371827

    Nearby Similar for Sale

    • $449,000

      Historic Alma Hotel Opportunity

      Historic hotel and restaurant with strong regional reputation for sale.
      201 N Main Street, Alma, WI 54610
      View Details
    • $159,900

      Affordable Business Opportunity in Alma

      Commercial property in Alma, WI, overlooking the Mississippi River.
      600 N Main Street, Alma, WI 54610
      View Details
    • $94,900
      1,275 SF

      Historic Bank Building Opportunity

      Updated commercial building with vaults, ready for new vision.
      117 S Main Street, Alma, WI 54610
      View Details
    • $239,000

      Mixed-Use Property in Downtown Alma

      Mixed-use property with retail space and upper-level apartment.
      117 N Main Street, Alma, WI 54610
      View Details
    • $200,000

      Mixed-Use Investment in Alma, WI

      Mixed-use property with commercial storefront and residential units in Alma.
      103 S Main Street, Alma, WI 54610
      View Details
    • $654,500

      77 Acres Hunting Land, Alma

      77 acre hunting parcel in Buffalo County near Alma, WI.
      Maplewood Lane, Alma, WI 54610
      View Details
    • $467,500

      55 Acres Hunting Land, Alma

      55 acre hunting land in Buffalo County near Alma, WI.
      Maplewood Lane, Alma, WI 54610
      View Details
    • $115,000

      Alma Hills Land with River Views

      Rare lots with panoramic Mississippi River and Alma views.
      Lot 2 Alma Hills, Alma, WI 54610
      View Details
    • $1,600,000

      Turnkey Hunting Land in Alma, WI

      222.6 acre hunting property with trails, crops, and diverse terrain.
      Simons Rd, Alma, WI 54610
      View Details
    • $110,000

      Alma Hills Lots with River Views

      Rare lots with panoramic Mississippi River and town views.
      Lot 4 Alma Hills, Alma, WI 54610
      View Details
    • $200,000

      Alma Hills Land with River Views

      Rare lots with panoramic Mississippi River views in Alma, Wisconsin.
      Lot 3 Alma Hills, Alma, WI 54610
      View Details
    • $220,000

      Panoramic River View Land

      Rare lots with Mississippi River views in Alma, Wisconsin.
      Lot 1 Alma Hills, Alma, WI 54610
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Residentially zoned bluff lots offering privacy, mature timber, and striking Mississippi River views near downtown Alma.
    Where is this waterfront land located?
    The property is located at S1541 Shawnee Drive Alma, WI.
    What is the asking price?
    The asking price for this property is $32,400.
    What are key features of this property?
    This property features: Development lots perched high in the bluffs overlooking the Mississippi River and Alma, WI; Property is in Buffalo County and surrounded by rolling hills and mature timber; Nearly 20 acres available for purchase as an entire development
    (651) 271-7472
    We can help!
    Listing Contact
    Ben Mains
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    S1541 Shawnee Drive, Alma, WI 54610
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!