# 10331 Water St, Ephraim, WI 54234

> **TL;DR:** commercial, $549,900 ($295/sqft), built 1997, 1,865 sqft. Est. $2,941/mo. Listed 613 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $549,900 |
| Price/sqft | $295 |
| Square Feet | 1,865 |
| Year Built | 1997 |
| Lot Size | 63,598 sqft (1.46 acres) |
| Property Type | Commercial (Other) |
| Status | Active Under Contract |
| Days on Market | 613 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,781 |
| Estimated Insurance | $160 |
| **Total** | **$2,941** |

## Property Highlights

- Built in 1997
- 1.46 acre lot

## Description

### Agent Description
Here is an exciting opportunity! Door County is known for its charming small towns and vibrant tourism, so this could be a great investment for someone looking to capitalize on both seasonal and year-round traffic. Given the high traffic, visibility, and surrounding businesses-like galleries, shops, and restaurants-the location seems ideal for any business aiming to attract tourists or locals. The fact that the storefronts are already leased is a bonus as it can offer immediate income. The duplex towards the rear of the property, although in need of TLC, could provide additional space for either a seasonal residence or potentially a rental option. Real Estate only for sale. Updated roof on main building 2023.

## Location

- **Address:** 10331 Water St, Ephraim, WI 54234
- **County:** Door
- **Coordinates:** 45.172997, -87.161676
- **Google Maps:** https://www.google.com/maps?q=45.172997,-87.161676

## Virtual Tour & Media

- **Video Tour:** tour.usamls.net/10331-Water-St-Ephraim-WI-54234/unbranded

## Listing Agent

- **Name:** Ryan Ropson
- **Brokerage:** Keller Williams Realty
- **Broker Phone:** 9206327702

## Photos

![10331 Water St - Photo 1](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f1544555549r.jpg)

![10331 Water St - Photo 2](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f3745146194r.jpg)

![10331 Water St - Photo 3](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f1422552481r.jpg)

![10331 Water St - Photo 4](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f916087278r.jpg)

![10331 Water St - Photo 5](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f171777181r.jpg)

![10331 Water St - Photo 6](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f1173436999r.jpg)

![10331 Water St - Photo 7](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f1314011644r.jpg)

![10331 Water St - Photo 8](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f1488666902r.jpg)

![10331 Water St - Photo 9](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f1745312647r.jpg)

![10331 Water St - Photo 10](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f2583295923r.jpg)

![10331 Water St - Photo 11](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f2470066370r.jpg)

![10331 Water St - Photo 12](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f3980512365r.jpg)

![10331 Water St - Photo 13](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f2673396416r.jpg)

![10331 Water St - Photo 14](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f3302557669r.jpg)

![10331 Water St - Photo 15](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f2320215558r.jpg)

![10331 Water St - Photo 16](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f2424974588r.jpg)

![10331 Water St - Photo 17](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f346933834r.jpg)

![10331 Water St - Photo 18](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f4023536835r.jpg)

![10331 Water St - Photo 19](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f3753348449r.jpg)

![10331 Water St - Photo 20](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f124170052r.jpg)

![10331 Water St - Photo 21](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f2205052320r.jpg)

![10331 Water St - Photo 22](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f3336117894r.jpg)

![10331 Water St - Photo 23](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f2632843181r.jpg)

![10331 Water St - Photo 24](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f1989069021r.jpg)

![10331 Water St - Photo 25](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f1561646015r.jpg)

![10331 Water St - Photo 26](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f494929015r.jpg)

![10331 Water St - Photo 27](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f1338566048r.jpg)

![10331 Water St - Photo 28](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f1186217971r.jpg)

![10331 Water St - Photo 29](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f2818984898r.jpg)

![10331 Water St - Photo 30](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f3065120749r.jpg)

![10331 Water St - Photo 31](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f1540372428r.jpg)

![10331 Water St - Photo 32](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f2083181606r.jpg)

![10331 Water St - Photo 33](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f3076181873r.jpg)

![10331 Water St - Photo 34](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f546025367r.jpg)

![10331 Water St - Photo 35](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f3320897689r.jpg)

![10331 Water St - Photo 36](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f4233109950r.jpg)

![10331 Water St - Photo 37](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f1020583653r.jpg)

![10331 Water St - Photo 38](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f2793210901r.jpg)

![10331 Water St - Photo 39](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f4238704735r.jpg)

![10331 Water St - Photo 40](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f1615530288r.jpg)

![10331 Water St - Photo 41](http://lh.rdcpix.com/ec2da7d3c4fcd5bf3c178736424cc907l-f684366680r.jpg)

---

**MLS#:** 143644 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Door County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/10331-water-st-ephraim-wi-54234-dd10e84c1c7643e4aa5e96b58a967700)

---

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