You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Drive through restaurants

2217 Lk St Algoma, WI 54201-2005

1,445 SF Built 1994
Entity Owned 3-yr Hold Free & Clear
Property ID
US92-0707196
Property summary
AI-generated overview

This 1,500 square foot free-standing commercial building is ideally situated on Highway 42, offering exceptional visibility and convenient access. Located just minutes from downtown Algoma and a short drive to Door County, this property presents a unique investment opportunity. Currently configured and equipped as a sandwich shop, the sale includes all necessary equipment for immediate operation. The spacious interior boasts seating for 32 patrons, and ample parking is available with a 20-car lot. The C-3 zoning allows for a wide range of commercial uses, making this property highly versatile. The building sits on approximately 0.33 acres of land, providing ample space for operations and potential expansion. A significant advantage is the included 22-foot road sign, ensuring high visibility and attracting potential customers along the busy Highway 42 corridor. This turnkey operation offers a rare blend of established business potential and flexible zoning, making it an attractive proposition for savvy investors and entrepreneurs alike. The asking price is $210,000. This is a fantastic opportunity to own a well-established business with significant growth potential in a desirable location.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1994
Construction FRAME
Total area 1,445 SF
APN 201-00500-0165
UPID US92-0707196
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Piyaji Properties LLC · 3 yrs held
Piyaji Properties LLC
since 2022
Last sale
$145,000
7 recorded transactions
2022
$145,000
2020
Price N/A
2018
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2217 Lk St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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