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1811 Michigan St
Sturgeon Bay, WI 54235

$1,750,000 USD

Multifamily For Sale  •  16,000 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 16,000 SF
  • Lot Size 1.5 AC
  • Year Built 1990
  • Cap Rate 7.38 %
0 Transit Score
27 Walk Score

Highlights

Prime location in Sturgeon Bay with recent upgrades: new roofs, gutters, hallways, doors, and 8 renovated units.
Strong rental market with potential for higher income through corporate or shorter-term rentals.
Buildings are on the southeast corner of Michigan Street and S 18th Avenue.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $129,176 USD (2025)
Cap Rate: 7.38 %
Total Expenses: $60,225 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Microwave
  • Heating
  • Refrigerator
  • Tub/Shower
  • Smoke Detector

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
John Dyke 262-366-2526 Encore Real Estate Brokerage
John Dyke 262-366-2526 Encore Real Estate Brokerage