2217 Lake Street, Algoma, WI 54201

Listing Agency: Cardinal Realty, LLC e***@gmail.com

Listed By: Nicole Annis · License WI #9058445 Show Phone

Source: Exprealty

Added: Nov 22, 2024 Changed: Aug 8 Last Checked: Aug 8 at 6:01AM

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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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Turn key restaurants

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply HVAC Service Pharmacy Electrical Service

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

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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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**.