99 Michigan St
Algoma, WI 54201
Harbor Inn · Hospitality Property For Sale · 14,472 SF
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INVESTMENT HIGHLIGHTS
- Accessible to many offices, Retail Stores, Marinas, and Restaurants
- Great Location
- Amazing Views of Lake Michigan
PROPERTY FACTS
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 1.33 AC |
Building Size | 14,472 SF |
No. Stories | 2 |
Year Built | 1972 |
Parking Ratio | 1.93/1,000 SF |
Corridor | Exterior |
AMENITIES
- Balcony
- High Speed Internet Access
- Public Access Wifi
- Fully-Equipped Kitchen
ABOUT 99 MICHIGAN ST , ALGOMA, WI 54201
Beautiful 38-room Hotel/Inn Located In The Heart of The Marina District The Harbor Inn Motel in Algoma is a beautiful 38-room hotel/Inn located in the heart of the Marina District of Algoma. This extremely popular and very profitable Motel has been in business since the 1970s and has had solid revenue growth. The motel is located near a wide variety of commercial/industrial properties including offices, retail stores, marinas, winery, brewery, restaurants, and a large beach. Access to this motel is located about one mile north of the central business district of Algoma. It is easily accessible via State Highway 42, and State Highway 57. The Motel has amazing views of Lake Michigan and is ideally located directly across from the Algoma Marina. The motel features a lovely 1-bedroom suite/apartment with views of Lake Michigan. If needed, this suite could be converted to an owner/general manager living quarters. The Harbor Inn Motel has been maintained and updated with new equipment and furnishings. The motel's customer base, primarily drawn from Wisconsin and nearby states like Illinois, Iowa, Minnesota, and Michigan, provides a steady stream of visitors. Strategically located near Green Bay, the motel also draws people traveling to Packer games. Additionally, the proximity to Green Bay and the upcoming NFL Draft in 2025 held there could be a significant boost to occupancy rates and revenue. The Harbor Inn Motel’s location in the Marina District of Algoma, with amazing views of Lake Michigan and proximity to the Algoma Marina, makes it an attractive destination for tourists and travelers. For an Entrepreneurial person, the opportunity is now to purchase one of Algoma’s most distinguished and profitable lake-view motels.
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | $501,700 |
Land Assessment | $97,700 | Total Assessment | $599,400 |
ZONING
Zoning Code | Hospitality (Commercial) |
Listing ID: 30044826
Date on Market: 11/13/2023
Last Updated:
Address: 99 Michigan St, Algoma, WI 54201
The Hospitality Property at 99 Michigan St, Algoma, WI 54201 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.