Press Releases
Marcus & Millichap Arranges Sale of 24-Room Hotel and Marina Property in Sturgeon Bay, Wisconsin
July 07, 2025
STURGEON BAY, Wis., July 7, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Wave Pointe Hotel and Marina, a 24-room resort property in Sturgeon Bay, Wisconsin.
“This was a rare chance to acquire a high-quality waterfront asset from an institutional absentee owner in the highly desirable Door County market,” said Jon Ruzicka, managing director investments. “Properties of this caliber seldom come to market, making it a particularly notable acquisition. With more engaged ownership now in place, the property is poised for thoughtful updates that will enhance the guest experience and optimize operations. Door County continues to show strong fundamentals and long-term growth potential in hospitality and tourism.”
Ruzicka, Joseph Ferguson and Reed Gizinski, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Todd Lindblom is the firm’s broker of record in Wisconsin.
Located at 3600 County Road CC, Wave Pointe Hotel and Marina includes 24 one- and two-bedroom suites with full kitchens, fireplaces, whirlpool tubs and private balconies, along with a 124-slip marina. Resort amenities include a heated outdoor pool, renovated indoor hot tub and sauna, boater’s lounge, onsite restaurant and bar, and retail shop. The Property was built in 2000 and is positioned on the shoreline in Door County.
“This was a rare chance to acquire a high-quality waterfront asset from an institutional absentee owner in the highly desirable Door County market,” said Jon Ruzicka, managing director investments. “Properties of this caliber seldom come to market, making it a particularly notable acquisition. With more engaged ownership now in place, the property is poised for thoughtful updates that will enhance the guest experience and optimize operations. Door County continues to show strong fundamentals and long-term growth potential in hospitality and tourism.”
Ruzicka, Joseph Ferguson and Reed Gizinski, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Todd Lindblom is the firm’s broker of record in Wisconsin.
Located at 3600 County Road CC, Wave Pointe Hotel and Marina includes 24 one- and two-bedroom suites with full kitchens, fireplaces, whirlpool tubs and private balconies, along with a 124-slip marina. Resort amenities include a heated outdoor pool, renovated indoor hot tub and sauna, boater’s lounge, onsite restaurant and bar, and retail shop. The Property was built in 2000 and is positioned on the shoreline in Door County.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
