Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Highway Exposure Land in Sturgeon Bay Title is generated by Realmo AI

    Hwy 42/57, Sturgeon Bay, WI 54235

    View on Map
    Claim this Listing
    For Sale
    $559,900

    LAND - Sturgeon Bay, WI

    Lot size:
    14.07 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    40
    Last Refresh:
    May 21 at 11:06 pm

    Property Features for Hwy 42/57

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Not Zoned
    Standard status
    Active
    Lot size
    14.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    382

    We can help!

    Listing Contact
    Heather Smith
    Heather Smith

    Listing agent Heather Smith License #90-47643

    Listing office CB Real Estate Group Egg Harbor PO Box 497 7734 Hwy 42, Appleton, WI

    Listing date Apr 13, 2026

    MLS# 147061 Listing URL

    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.

    HighLights

    • 14.066 acres with prime highway exposure
    • Flexible usage: commercial, investment, or private
    • Potential for subdivision
    • Minutes from Sturgeon Bay
    • Wooded privacy combined with high visibility
    • One driveway access permitted from the highway

    Overview

    This 14.066-acre property offers highway exposure and potential for commercial, investment, or private use. The land provides a blend of visibility and wooded privacy, located minutes from Sturgeon Bay. One driveway access is permitted from the highway. The property offers flexibility, and can be subdivided. The parcel is subject to two billboard easements. The survey has not yet been recorded, allowing for future possibilities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Sturgeon Bay
    County
    Door
    State
    Wisconsin
    Longitude
    -87.4464
    Latitude
    44.7888

    Nearby Similar for Sale

    • $275,000
      1,275 SF

      Established Sturgeon Bay Restaurant Business

      Successful Papa Murphy's franchise business for sale in Sturgeon Bay.
      1009 Egg Harbor Rd, Sturgeon Bay, WI 54235
      View Details
    • $2,900,000
      6,102 SF

      Profitable Gas Station and Retail

      Turn-key gas station and convenience store with multiple income streams.
      1331 Green Bay Rd, Sturgeon Bay, WI 54235
      View Details
    • $1,390,000
      3,800 SF

      Downtown Sturgeon Bay Commercial Opportunity

      Half city block in downtown Sturgeon Bay for retail development.
      110 S 2nd Ave, Sturgeon Bay, WI 54235
      View Details
    • $480,000
      1,760 SF

      Sturgeon Bay Multi-Family Home

      Multi-family home near parks and waterfront, excellent income potential.
      219 S Hudson Ave, Sturgeon Bay, WI 54235
      View Details
    • $125,000

      Sturgeon Bay Acreage with Storage

      0.75-acre parcel with storage building in Sturgeon Bay, WI.
      628 S Neenah Ave, Sturgeon Bay, WI 54235
      View Details
    • $119,900

      Harbour Village Resort Park Model

      2019 Canterbury park model in Door County resort.
      5840 STATE HWY 42, STURGEON BAY, WI 54235-0000
      View Details
    • $134,900

      Commercial Land in Sturgeon Bay

      Open lot with great exposure and easy access.
      Egg Harbor Rd, Sturgeon Bay, WI 54235
      View Details
    • $200,000

      Scenic Land Parcel in Sturgeon

      East-facing land with seasonal water views and development potential.
      N Duluth Ave, Sturgeon Bay, WI 54235
      View Details
    • $200,000

      Scenic Land Parcel in Sturgeon

      East-facing land with seasonal water views and development potential.
      N Duluth Ave, Sturgeon Bay, WI 54235
      View Details
    • $199,900

      Sturgeon Bay Land For Sale

      Land in premier location, perfect for year-round home or investment.
      Quarry Bluff Ct lot: 18, Sturgeon Bay, WI 54235
      View Details
    • $365,000

      Vacant Lot in Downtown Sturgeon

      Vacant commercial lot in Sturgeon Bay's prime business corridor.
      368 JEFFERSON Street, STURGEON BAY, WI 54235
      View Details
    • $329,500
      2,450 SF

      Sturgeon Bay Mixed-Use Commercial Property

      Mixed-use commercial property with retail zoning in prime location.
      1867 Hwy 42, Sturgeon Bay, WI 54235
      View Details

    FAQs

    What type of property is this?
    Commercial land - 14.066 acres with highway exposure near Sturgeon Bay, Wisconsin.
    Where is this commercial land located?
    The property is located at Hwy 42/57 Sturgeon Bay, WI.
    What is the asking price?
    The asking price for this property is $559,900.
    What are key features of this property?
    This property features: 14.066 acres with prime highway exposure; Flexible usage: commercial, investment, or private; Potential for subdivision
    (920) 493-6535
    We can help!
    Listing Contact
    Heather Smith
    Heather Smith
    Real Estate License ID: 90-47643
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Hwy 42/57, Sturgeon Bay, WI 54235
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!