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    118 W Lake St Lake Mills, WI 53551

    New
    For Sale
    $424,900

    Retail,Office,Service,Beauty/barber - Lake Mills, WI

    Days on Market:
    2
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for 118 W Lake St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    246-0713-1322-079
    Interior features
    Public rest rooms, Residential unit(s), Reception area, Inside storage

    Utilities

    Heating system
    Radiant

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick
    Roof type
    Membrane, Rubber
    Architectural style
    Other

    RE/MAX Community (920) 648-7755 [email protected]

    Listing agent Barry Luce (920) 648-7755

    Listing date Dec 5, 2025

    MLS# 2013451 Listing URL

    Copyright © 2025 South Central Wisconsin MLS Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Lake Mills Commercial Building

    Located in the vibrant downtown area of Lake Mills, this commercial building presents an opportunity for both owner-occupants and investors. The property is surrounded by shops, restaurants, businesses, and parks. The main level is currently configured as a beauty salon, featuring storefront windows and street presence, making it suitable for continuation as a salon or conversion to another retail or service-based business. The space includes high ceilings, historic character, and natural light. The upper level features a three-bedroom, one-bathroom apartment, suitable for rental income or residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Denny's Hairstyling Beauty Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Mills
    County
    Jefferson
    State
    Wisconsin
    Longitude
    -88.913233
    Latitude
    43.079646

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    FAQs

    What type of property is this?
    Retail space - Charming commercial building in downtown Lake Mills with retail and apartment.
    Where is this retail space located?
    The property is located at 118 W Lake St Lake Mills, WI.
    What is the asking price?
    The asking price for this property is $424,900.
    What are key features of this property?
    This property features: - Prime downtown location in Lake Mills surrounded by shops, restaurants, businesses, and parks.; - High visibility and attractive storefront ideal for retail or service-based business.; - **Includes a 3 BR/1 BA apartment upstairs for rental income or owner occupancy.**
    (920) 648-7755
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 W Lake St Lake Mills, WI 53551
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