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517 Milwaukee St, Kewaunee, WI, 54216

5beds
5baths
3,320sqft
$437,400
$132price/sqft
$3,230/moest. monthly cost
$129,200/yrincome needed

About This Home

Rare opportunity to own a truly unique, mixed-use property in the heart of downtown Kewaunee. At 3,320 SQ FT, it offers exceptional versatility and income potential with a street level storefront and attached apartment, PLUS two additional apartments on upper level. 2 car detached garage, separate outbuildings, one converted into a Speakeasy style bar. Updates galore, beautiful hardscaping and landscaping. Enjoy the views of Lake Michigan while sitting in the hot tub. A MUST SEE!

Getting Around

31
WalkingCar-Dependent
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

7/10
4/10
Kewaunee Middle SchoolGrades 6-80.8 mi
4/10
Kewaunee High SchoolGrades 9-120.8 mi

Construction

Condition

  • Year built: 1943

Materials

  • Foundation: Block
  • Construction materials: Shake Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5

Features

  • Finished area below ground: 0
  • Finished area above ground: 3,320

Interior Area

  • Total interior livable area: 3,320 sqft

Property

Accessibility

  • Accessibility features: 1st Floor Bedroom,1st Floor Full Bath

Details

  • Parcel number: 241000103200
  • Zoning: Commercial
  • Exclusions: Sellers Personal Property

Lot

  • Lot size: 0.28 Acres

Parking

  • Total spaces: 2
  • Parking features: Detached,Outside
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Hail
Lightning
Strong Wind
Tornado
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across Wisconsin Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,211$26,532
Home Insurance *$246$2,952
Property Taxes $462$5,544
Electricity $311$3,743
Total$3,230$38,760
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$110,742/yr
40% on housing$96,900/yr
45% on housing$86,133/yr

Wisconsin FAIR Plan Programs

Wisconsin Insurance Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 5,246Commercial: 198
Total Premiums$4.55M
Total Exposure$860.28M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: 0.4%
0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$132This listing

vs Other Active Listings

Avg $/sqft

ZIP 54216$192
Kewaunee County$215

vs Homes Sold Last Month

Median $/sqft

ZIP 54216$172
Kewaunee County$194

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-09Listed for sale$449,400
2025-12-31Listing removed$432,900
2025-11-26Listed for sale$432,900

For Sale by Agent

AgentAlison Smith
BrokerageColdwell Banker Real Estate Group

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