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Mixed-Use Brick Income Property

217 W Cherry St Lancaster, WI 53813

217 W Cherry St, Lancaster, WI, 53813
$189,900
For Sale
$189,900

MULTI_FAMILY - Lancaster, WI

Lot Size0.06 Acres
Days on Market8

Property Features for 217 W Cherry St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
res/comm
Bedrooms
3
Bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2
Appliances
2
Standard status
Active
APN
246-00181-0000
Lot size
0.06 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
1339

Utilities

Heating system
Forced Air

Building Details

Year built
1890
Floors in Building
2
Number of units
3
Listing agency RE/MAX Preferred
Listed by Scott Schroeder · License #5913790
Added: Jul 15 Checked: Jul 22 at 4:06AM
MLS# 1995302

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 mixed-use, solid brick three-unit property includes a commercial storefront on the main level and two residential units on the upper level with wood floors. The main level is vacant and features a full bath, an office, and a large storage area, along with large display windows. The upper units include one one-bedroom unit that is occupied month-to-month with an open concept living area and kitchen, as well as an efficiency unit with a full bath. Appliances are included. The building also has a full basement for storage, and the property reports numerous updates, including furnace, plumbing, electrical, and flooring.

The property is located in downtown Lancaster at 217 W Cherry St. Tenants pay toward utilities: the rent includes a $150 per month utility contribution.

All units are currently operating as an income property with the main level commercial space and two upper residential units. Storage needs are supported by the full basement.

Key Highlights

  • 3‑unit income property with a main‑level commercial space and 2 residential units upstairs in downtown Lancaster
  • Solid brick building built in 1890 with forced‑air heating
  • Numerous updates reported, including furnace, plumbing, electrical, and flooring

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Building Supply Parking Lot & Garage (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Computer & Electronic Repair Big Box & Wholesale Store Electrical Service Grocery & Convenience Store

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

FAQs

What type of property is this?
Triplex - Three-unit brick building with main-level retail space and two upper residential units, including hardwood floors.
Where is this triplex located?
The property is located at 217 W Cherry St Lancaster, WI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 3‑unit income property with a main‑level commercial space and 2 residential units upstairs in downtown Lancaster; Solid brick building built in 1890 with forced‑air heating; Numerous updates reported, including furnace, plumbing, electrical, and flooring
Contact an agent
More about this property
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