2217 Lk St Algoma, WI 54201-2005
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.