Hotel Stebbins | 201 Steele St
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Hotel Stebbins 201 Steele St
11 Room Hotel Algoma, WI 54201 $875,000 ($79,545/Room)
Investment Highlights
- Historic hotel, restaurant and bar tastefully updated with modern amenities yet keeping historic charm
- Guests can walk to waterfront beach, wineries, brewery, boutiques, art studios and downtown activities
- Lake Michigan views from third floor suite
- Seller will stay on in an advisory position for 30 days if buyer requests
Executive Summary
Great opportunity in a quaint waterfront town! Interested in short or long term rentals? This thoughtfully updated historic hotel, restaurant and bar with modern amenities awaits you! Beautiful rooms and suites to accommodate up to 6 people. The 4 bedroom, 2 bath third floor suite offers views of the water. Just two blocks from Lake Michigan and Crescent Beach. Your guests will love to walk the waterfront boardwalk and beach or visit the winery, brewery, art studios, boutique shops and nearby Door County, the Cape Cod of the Midwest! Original building built in 1857 with majority of space built in 1905. Financials available upon request/with an offer. Bar/restaurant inventory not included in price but can be purchase separately by Bill of Sale. Furnishings in hotel rooms/suites included in purchase price. Current owner will stay on in an advisory position for 30 days if requested by the buyer. See MLS #139490. TEXT 136210 to 35620 for more information.
Property Facts
| Price | $875,000 | Lot Size | 0.21 AC |
| Price Per Room | $79,545 | Building Size | 12,844 SF |
| Sale Type | Investment | No. Rooms | 11 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1857/2015 |
| Building Class | C | Corridor | Interior |
| Price | $875,000 |
| Price Per Room | $79,545 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 12,844 SF |
| No. Rooms | 11 |
| No. Stories | 3 |
| Year Built/Renovated | 1857/2015 |
| Corridor | Interior |
Amenities
- Restaurant
- On-Site Bar
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 11 | $65.00 | - |
PROPERTY TAXES
| Parcel Number | 201-00330-0820 | Improvements Assessment | $206,200 |
| Land Assessment | $41,500 | Total Assessment | $247,700 |
PROPERTY TAXES
Parcel Number
201-00330-0820
Land Assessment
$41,500
Improvements Assessment
$206,200
Total Assessment
$247,700
zoning
| Zoning Code | GC (Commercial) |
| GC (Commercial) |
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Hotel Stebbins | 201 Steele St
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