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Exceptional opportunity to own a well maintained mixed-use property in the heart of downtown Alma along Wisconsin’s scenic Great River Road. This versatile building features retail/commercial space on the main level with excellent storefront visibility in a high-traffic downtown location, along with a spacious upper-level apartment offering Mississippi River views. The upper level includes two generous rooms that provide flexibility for bedroom, office, or additional living space needs, along with a bathroom. Whether you're looking to create comfortable living quarters above your business or generate additional rental income, this property offers versatility to fit a variety of needs. Located near Alma’s popular shops, restaurants, marina access, river attractions, Buena Vista Park, and the Great Alma Fishing Float, this property is well positioned for an owner-occupied business, investment opportunity, or live/work lifestyle in one of the Mississippi River’s most charming historic communities.

Exceptional opportunity to own a well maintained mixed-use property in the heart of downtown Alma along Wisconsin’s scenic Great River Road. This versatile building features retail/commercial space on the main level with excellent storefront visibility in a high-traffic downtown location, along with a spacious upper-level apartment offering Mississippi River views. The upper level includes two generous rooms that provide flexibility for bedroom, office, or additional living space needs, along with a bathroom. Whether you're looking to create comfortable living quarters above your business or generate additional rental income, this property offers versatility to fit a variety of needs. Located near Alma’s popular shops, restaurants, marina access, river attractions, Buena Vista Park, and the Great Alma Fishing Float, this property is well positioned for an owner-occupied business, investment opportunity, or live/work lifestyle in one of the Mississippi River’s most charming historic communities.

117 N Main Street, Alma

Listing courtesy of Re/Max Results.

Rare opportunity to own one of Wisconsin’s most historic and beloved hospitality destinations. Originally known as the Union House and dating back to the pre-Civil War era, the Historic Alma Hotel is recognized as one of the oldest continually operating restaurants in the state. Located along the scenic Great River Road in Alma, this well-established property features a full-service restaurant, bar, outdoor patio, breakfast area, game room, exterior cooler, and additional storage space with a covered lean-to. A commercial food license for catering creates added income potential. The upper-level hotel accommodations include eight guest rooms, with two offering double beds, two offering queen beds, and four offering full-size beds, along with six shared bathrooms and two private bathrooms. Known for its strong regional reputation and loyal customer base, the property draws both locals and visitors traveling through the Mississippi River region year-round. Recent updates include refinished floors (April 2026), an updated electrical panel (2022), and a fully remodeled commercial kitchen with all equipment replaced within the past four years, with all appliances included. A truly unique opportunity to own a thriving business rich in history, character, and lasting community presence.

Rare opportunity to own one of Wisconsin’s most historic and beloved hospitality destinations. Originally known as the Union House and dating back to the pre-Civil War era, the Historic Alma Hotel is recognized as one of the oldest continually operating restaurants in the state. Located along the scenic Great River Road in Alma, this well-established property features a full-service restaurant, bar, outdoor patio, breakfast area, game room, exterior cooler, and additional storage space with a covered lean-to. A commercial food license for catering creates added income potential. The upper-level hotel accommodations include eight guest rooms, with two offering double beds, two offering queen beds, and four offering full-size beds, along with six shared bathrooms and two private bathrooms. Known for its strong regional reputation and loyal customer base, the property draws both locals and visitors traveling through the Mississippi River region year-round. Recent updates include refinished floors (April 2026), an updated electrical panel (2022), and a fully remodeled commercial kitchen with all equipment replaced within the past four years, with all appliances included. A truly unique opportunity to own a thriving business rich in history, character, and lasting community presence.

201 N Main Street, Alma

Listing courtesy of Re/Max Results.

What was once the German American Bank Building with 2 Bank Vaults (Est. 1906) and later Bautch Insurance (Est. 1947) has now been improved and ready for you to establish this building with your Vision, Service or Big Ideal in mind. New Owners have recently replaced all flooring with LVP, have repainted all services, constructed a new interior wall and added new ceiling tiles which will enable the new owner to hit the ground running! This 1,275 sqft single level building includes a large, open front room, a 1/2 bathroom, a 2nd sink and utility area, 2 secure rooms which each housed 2 massive bank vaults, plus 2 additional, fully finished rooms. Forced air/Central A/C for efficient heating and cooling, beautiful new flooring, paint & ceilings make this space perfect for many purposes. Business, retail, or personal living are all options and with an asking price of under $95,000 - we expect that many prospective Buyers will be interested!

1 Baths ⋅ 7052429 MLS

What was once the German American Bank Building with 2 Bank Vaults (Est. 1906) and later Bautch Insurance (Est. 1947) has now been improved and ready for you to establish this building with your Vision, Service or Big Ideal in mind. New Owners have recently replaced all flooring with LVP, have repainted all services, constructed a new interior wall and added new ceiling tiles which will enable the new owner to hit the ground running! This 1,275 sqft single level building includes a large, open front room, a 1/2 bathroom, a 2nd sink and utility area, 2 secure rooms which each housed 2 massive bank vaults, plus 2 additional, fully finished rooms. Forced air/Central A/C for efficient heating and cooling, beautiful new flooring, paint & ceilings make this space perfect for many purposes. Business, retail, or personal living are all options and with an asking price of under $95,000 - we expect that many prospective Buyers will be interested!

117 S Main Street, Alma

Listing courtesy of Jewson Realty.

Mixed-use investment opportunity in downtown Alma, Wisconsin overlooking the Mississippi River. This well-maintained property features a leased commercial storefront on the main level and two residential units, creating a strong income-producing opportunity with leases already in place. The main floor commercial space offers prominent street frontage with large front windows and an open interior currently occupied by a salon tenant (business not included). Residential units offer spacious layouts, full kitchens, and comfortable living areas suited for long-term tenancy. Property has been carefully maintained by current ownership and includes 3-phase electrical service. Upper-level balcony and living spaces capture scenic Mississippi River views, adding to the building’s character and tenant appeal. A strong opportunity for investors seeking a stabilized mixed-use property with established rental income in Alma.

5 Beds ⋅ 3 Baths ⋅ 7020483 MLS

Mixed-use investment opportunity in downtown Alma, Wisconsin overlooking the Mississippi River. This well-maintained property features a leased commercial storefront on the main level and two residential units, creating a strong income-producing opportunity with leases already in place. The main floor commercial space offers prominent street frontage with large front windows and an open interior currently occupied by a salon tenant (business not included). Residential units offer spacious layouts, full kitchens, and comfortable living areas suited for long-term tenancy. Property has been carefully maintained by current ownership and includes 3-phase electrical service. Upper-level balcony and living spaces capture scenic Mississippi River views, adding to the building’s character and tenant appeal. A strong opportunity for investors seeking a stabilized mixed-use property with established rental income in Alma.

103 S Main Street, Alma

Listing courtesy of Jewson Realty.

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