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Downtown Mixed-Use Building
New
For Sale
$187,000

217 W Cherry St, Lancaster, WI 53813

Business/Comm, Lancaster, WI

Property Size3,200 SF
Lot Size0.06 Acres
Price / SF$58.44
Days on Market6

Property Features for 217 W Cherry St

General Information

Property type Commercial Sale
Property subtype Other
Zoning comm/res
Parking features Offsite
Interior features Private Restrooms, Residential unit(s), Display window, Private office(s)
Lot features Business district, Corner, Free standing, Near Major Highway
Directions Downtown Lancaster, just off the square
Subdivision LANCASTER - C
Standard status Active
APN 246-00181-0000
Size 3,200 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1339

Building Details

Year built 1890
Number of units 3
Roof type Flat, Membrane
Listing Agency: RE/MAX Preferred · RE/MAX International
Listed By: Scott Schroeder · License #5913790
Added: Aug 31 Changed: Sep 2 Last Checked: Sep 5 at 12:06AM
MLS# 1995303

Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 3,200-square-foot mixed-use building contains one commercial unit on the main level and two residential units above. The commercial space is vacant and includes a full bathroom, private office, storage area, and display windows. The upper level consists of a one-bedroom apartment and an efficiency unit; the one-bedroom unit includes an open kitchen, living and dining areas, bathroom, and laundry, while the efficiency has a full bathroom. Appliances are included in the residential units.

Built in 1890, the solid brick property has received updates to the furnace, plumbing, electrical systems, and flooring. A full basement provides additional storage. The property is zoned comm/res and includes offsite parking. It is located at 217 W Cherry St in Lancaster, Wisconsin.

Key Highlights

  • 3,200‑square‑foot mixed‑use building with one commercial unit and two residential units
  • Main‑level commercial space is vacant and includes a full bathroom, office, storage, and display windows
  • Upper residential units include a one‑bedroom apartment and an efficiency unit

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

366
Businesses Nearby

Demographics for 53813, WI

6,267
Population
2,430
Households
2.6
Avg Household Size
41
Median Age
25%
College-Educated
94%
High-School Grad
144.3 sq mi
ZIP Area
43
Density / Sq Mi
$80,946
Median Household Income
$45,441
Median Earnings
$803
Median Rent
$204,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three-unit brick property combining flexible commercial space with two upper-level 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 $187,000.
What are key features of this property?
This property features: 3,200‑square‑foot mixed‑use building with one commercial unit and two residential units; Main‑level commercial space is vacant and includes a full bathroom, office, storage, and display windows; Upper residential units include a one‑bedroom apartment and an efficiency unit
More about this property
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