10320 Water St Ephraim, WI 54211
This exceptional 3,452 square foot commercial property in Ephraim, WI, presents a unique investment opportunity. Situated on a desirable 4.49-acre lot on Water Street, this established business enjoys a high-traffic location within a vibrant retail community. The main building, a beautifully restored house and retail space, has served as a beloved Door County destination for 56 years. The property includes two warehouses offering ample storage, and a separate artist's studio adds to its versatility. A charming gazebo and fenced cutting garden enhance the property's appeal. The second floor, currently used as office space, offers potential for residential conversion, subject to local zoning regulations. Some residential use is permitted. Outbuildings provide additional space and functionality. This turnkey business, with its rich history, offers endless possibilities for expansion and adaptation to suit a variety of commercial ventures. The property's size and location make it an ideal investment for an entrepreneur seeking a well-established business with significant growth potential. The combination of commercial space, storage, and potential residential use makes this a truly rare and versatile property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.