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    217 W Cherry St Lancaster, WI 53813

    For Sale
    $187,500

    Retail,Office,Grocery,School,Church,Day care,Beauty/barber,Apartment building,Self storage

    Type:Apartment
    Days on Market:
    16
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 217 W Cherry St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    comm/res
    APN
    246-00181-0000
    Parking features
    Offsite
    Interior features
    Private Restrooms, Residential unit(s), Display window

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    3
    Building materials
    Brick
    Roof type
    Flat, Membrane, Rubber
    Architectural style
    Other

    RE/MAX Preferred (608) 393-3330 [email protected]

    Listing agent Scott Schroeder (608) 393-3330

    Listing date Nov 20, 2025

    MLS# 1995303 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

    Lancaster Mixed-Use Income Property

    This three-unit income property is located in downtown Lancaster. The solid brick building has been well-maintained with numerous updates, including the furnace, plumbing, electrical systems, and flooring. The main level features a vacant commercial space suitable for numerous purposes. It includes a full bath, an office, and a large storage area, along with large display windows. Upstairs, there is a one-bedroom unit that is currently occupied on a month-to-month basis. This unit features an open concept with a kitchen area, living room, and dining area, as well as a bathroom with laundry. The other upper space is an efficiency unit with a full bath and is currently vacant. All appliances are included. Rents have been $650 for the commercial unit, $800 for the efficiency unit, and $1000 for the one-bedroom unit. The seller is responsible for utilities. There is a full basement available for storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Grant
    State
    Wisconsin
    Longitude
    -90.711304
    Latitude
    42.847174

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    FAQs

    What type of property is this?
    Mixed-use property - Three-unit income property with commercial space and residential units.
    Where is this mixed-use property located?
    The property is located at 217 W Cherry St Lancaster, WI.
    What is the asking price?
    The asking price for this property is $187,500.
    What are key features of this property?
    This property features: - Income property featuring commercial space and two residential units.; - Solid brick building boasting numerous updates including furnace, plumbing, electrical, and flooring.; - **Vacant commercial space** ideal for various purposes, complete with a full bath, office, and large storage area.
    (608) 393-3330
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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

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    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
    217 W Cherry St Lancaster, WI 53813
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