Turn-Key Restaurant on Highway
For Sale
$189,900
2217 Lake Street, Algoma, WI 54201
Free-standing restaurant with equipment included, near downtown Algoma.
Property SizeContact for details
Lot Size0.33 Acres
Days on Market628
Property Features for 2217 Lake Street
General Information
Standard status
Active
Lot size
0.33 Acres
Taxes and HOA fees
Annual Taxes
$3,346
Listing Agency:
Cardinal Realty, LLC
(920) 268-8209
Listed By:
Nicole Annis · License #9058445
(920) 268-8209
Source:
Exprealty
Added: Nov 22, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cardinal Realty, LLC
Investment Insights
Based on property information with market context.
This free-standing commercial building is located on Highway 42, a short distance from Door County and just minutes from downtown Algoma. The property is zoned C-3, which allows for various uses, but it is currently set up as a sandwich shop with all necessary equipment included in the sale. According to the seller, the lobby seats 32 people, and the parking lot accommodates 20 cars. Situated on approximately 0.33 acres, per public records, the sale also includes a 22-foot road sign, providing significant exposure along Highway 42. This property is ideal for operating a sandwich shop or other permitted business under the C-3 zoning.
Key Highlights
- Includes all equipment needed to operate a sandwich shop.
- Zoned C‑3, permitting many different commercial options.
- High visibility with a 22' road sign on Hwy 42.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
4,127 visits/mo
0.1 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Turn key restaurant - Free-standing restaurant with equipment included, near downtown Algoma.
Where is this turn key restaurant located?
The property is located at 2217 Lake Street Algoma, WI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Includes all equipment needed to operate a sandwich shop.; Zoned C‑3, permitting many different commercial options.; High visibility with a **22' road sign on Hwy 42**.
