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106 Water Street 106 Water St 2,300 SF 100% Leased Retail Building Lake Mills, WI 53551 $472,500 ($205.43/SF)



INVESTMENT HIGHLIGHTS
- Great location proximity to existing downtown businesses, city parking nearby, visible from Hwy 89
EXECUTIVE SUMMARY
Ideal Downtown Space for Your Business! Take ownership of your business location with this versatile mixed-use commercial building in a prime downtown setting. Designed to support a wide range of business types, the flexible zoning allows you to tailor the space to fit your vision—whether for professional offices, retail, service-based operations, or a combination of uses. All mechanical systems have been updated from the roof to the basement, offering confidence and reduced capital expenses for years to come. The building features a well-maintained exterior, multiple entrances for functional separation of spaces, and handicap accessibility to serve clients and staff comfortably. A private courtyard provides a unique bonus—ideal for breaks, outdoor meetings, or customer appeal. Bring your business plans and discover how owning this adaptable downtown property can support your growth, visibility, and long-term success.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
2,300 SF
Year Built/Renovated
1950/2022
Price
$472,500
Price Per SF
$205.43
Percent Leased
100%
Building Height
1 Story
Zoning
B-1 Downtown Business - See City of Lake Mills https://cityoflakemills.zoninghub.com/zoningmap.aspx
Frontage
80’ on Water
AMENITIES
- Wheelchair Accessible
- Storage Space
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 246-0713-1322-055 | Improvements Assessment | $77,800 |
| Land Assessment | $15,900 | Total Assessment | $93,700 |
PROPERTY TAXES
Parcel Number
246-0713-1322-055
Land Assessment
$15,900
Improvements Assessment
$77,800
Total Assessment
$93,700
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106 Water Street | 106 Water St
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