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Ephraim Commercial Property For Sale
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 Market544

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 #5937190
Added: Feb 24, 2025 Changed: Aug 19 Last Checked: Aug 22 at 5:06PM
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 commercial property is located in Door County, known for its charming small towns and vibrant tourism. The property features storefronts that are currently leased, offering immediate income. A duplex is located towards the rear of the property, which may require some improvements. The property is situated in a high-traffic area with good visibility, surrounded by galleries, shops, and restaurants. This location is ideal for businesses aiming to attract tourists or locals. The property is zoned Commercial North (CN). The main building has an updated roof from 2023. The lot size is 1.46 acres and the property size is 1865 square feet. This property could be a great investment for someone looking to capitalize on both seasonal and year-round traffic. The duplex could provide additional space for either a seasonal residence or potentially a rental option.

Key Highlights

  • High‑traffic, highly visible location ideal for attracting tourists and locals.
  • Leased storefronts offer immediate income.
  • Updated roof on the main building (2023).

Property Analytics

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.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

56
Businesses Nearby
Well-served
Demand for This Use

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

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?
Storefront property - Commercial property in Door County with storefronts and duplex.
Where is this storefront 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: High‑traffic, highly visible location ideal for attracting tourists and locals.; Leased storefronts offer immediate income.; Updated roof on the main building (2023).
More about this property
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