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Mixed-Use Property with Storefronts
For Sale
Under Contract
$549,900

10331 Water St, Ephraim, WI 54234

Commercial Sale, Ephraim, WI

Property Size1,865 SF
Lot Size1.46 Acres
Price / SF$294.85
Days on Market597

Property Features for 10331 Water St

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial North (CN)
Elementary school district Gibraltar
Middle school district Gibraltar
High school district Gibraltar
Subdivision 04-Ephraim
Standard status Active Under Contract
Size 1,865 SF
Lot size 1.46 Acres

Taxes and HOA fees

Tax Annual Amount 5336

Building Details

Year built 1997
Listing Agency: Keller Williams · Keller Williams Realty
Listed By: Ryan Ropson · License #9059341
Added: Feb 24, 2025 Changed: Aug 19 Last Checked: Oct 14 at 2:06AM
MLS# 143644

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 mixed-use property includes an 1,865-square-foot main building with storefront space and a duplex positioned toward the rear of the parcel. The storefronts are leased, while the duplex requires work and may support seasonal residential use or a rental arrangement. The main building roof was updated in 2023, and the property was built in 1997.

Located at 10331 Water St in Ephraim, the property sits within a commercial setting surrounded by galleries, shops, and restaurants. The 1.46-acre parcel is zoned Commercial North (CN), combining an established storefront component with additional residential space on site.

Key Highlights

  • 1.46‑acre mixed‑use parcel at 10331 Water St, Ephraim, WI 54234
  • 1,865‑square‑foot main building with storefront space
  • Storefronts are currently leased

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Kitchen & Bath Showroom Plumbing Service Storage Facility Bed & Breakfast Hotel & Motel

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

Location Intelligence

Trade Area within ½ mile

56
Businesses Nearby

Demographics for 54234, WI

2,072
Population
2,350
Households
0.9
Avg Household Size
61
Median Age
51%
College-Educated
99%
High-School Grad
23.4 sq mi
ZIP Area
89
Density / Sq Mi
$72,762
Median Household Income
$29,219
Median Earnings
$1,140
Median Rent
$419,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Mixed-use property - Commercial North zoning, leased storefronts, and a rear duplex create a combined retail and residential property in Ephraim.
Where is this mixed-use property located?
The property is located at 10331 Water St Ephraim, WI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 1.46‑acre mixed‑use parcel at 10331 Water St, Ephraim, WI 54234; 1,865‑square‑foot main building with storefront space; Storefronts are currently leased
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