300 4th St Algoma, WI 54201

Building Details

Year built

1890

Listing agent Heidi Neubauer License #94-59219 Show Phone

Listing office ERA Starr Realty k***@erastarr.com PO Box 167 14 S Third Ave, Sturgeon Bay, WI Show Phone

Listing date Jan 27, 2026

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MLS# 145906

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.

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Investment Insights

Based on property information with market context.

This historic Algoma building includes approximately 15,000 square feet and features a 3,000 square foot penthouse on the top floor of the Netto Palazzo building. The penthouse offers 360-degree views of the city, Ahnapee River, and Lake Michigan, and includes a sauna. An observation or walkway around the perimeter of the apartment provides additional viewing space. The property also has a full basement plus two additional floors, along with a one-story warehouse.

The property is located at 300 4th St in Algoma, WI 54201, on a 0.34-acre lot. The zoning is listed as GC (General Commercial). This is a for-sale offering.

The building is currently configured for income, with the top-floor penthouse listed as renting for $1,400 per month and the second-level studio apartment renting for $800 per month. The owner’s remarks also note multiple potential uses, including condos, apartments, and business rental space, supported by the property’s multi-level layout and included warehouse. The penthouse is currently tenant-occupied, and additional details are available upon request. This offering is also listed as Residential MLS 145907.

Key Highlights

• 3,000 sq ft penthouse with 360‑degree views of the city, Ahnapee River, and Lake Michigan.
• Historic building with 15,000 sq ft offering many opportunities including condos, apartments, or business rental space.
• Existing rental income from penthouse ($1,400/month) and studio apartment ($800/month).

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FAQs

What type of property is this?

Multifamily property - Historic mixed-use property offering a top-floor penthouse with sauna and flexible space across multiple levels.

Where is this multifamily property located?

The property is located at 300 4th St Algoma, WI.

What is the asking price?

The asking price for this property is $249,900.

What are key features of this property?

This property features: 3,000 sq ft penthouse with **360‑degree views of the city, Ahnapee River, and Lake Michigan**.; Historic building with 15,000 sq ft offering many opportunities including condos, apartments, or business rental space.; Existing rental income from penthouse ($1,400/month) and studio apartment ($800/month).