Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    800 N Main Street Lake Mills, WI 53551

    View on Map
    Claim this Listing
    For Sale
    $375,000

    2 story,2 flat-up and down - Lake Mills, WI

    Lot size:
    0.75 Acres
    Added:
    Jan 6, 2026
    Days on Market:
    109
    Last Refresh:
    Apr 25 at 6:06 pm

    Property Features for 800 N Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R3
    Bedrooms
    5
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    3
    Basement Y/N
    1
    Appliances
    Dryer
    Standard status
    Active
    APN
    246-0713-1223-022
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3607

    Utilities

    Heating system
    Radiant

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Barry Luce
    Barry Luce

    Listing agent Barry Luce

    Listing office RE/MAX Community Realty 112 S Main St, Lake Mills, WI

    Listing date Jan 6, 2026

    MLS# 2005786 Listing URL

    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.

    Overview

    Victorian Home on Large Lot

    This classic Victorian home, situated on a 0.75-acre lot, is currently configured as a 2-family residence and zoned for multi-family use. The property offers the possibility of converting back to a single-family home or expanding up to a 6-family dwelling under existing zoning. A detached 28x40 garage/storage building provides additional space. Located adjacent to commercial zoning and with visibility on Main Street just off of I-94, the property has potential for rezoning to allow commercial use. The property is located in Lake Mills, WI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lake Mills Golf ... Golf Course

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Mills
    County
    Jefferson
    State
    Wisconsin
    Longitude
    -88.909227
    Latitude
    43.088083

    Nearby Similar for Sale

    • $799,900

      Prime Commercial Space on Main

      Over 10,000 sq. ft. in the heart of Lake Mills.
      316 N Main Street, Lake Mills, WI 53551
      View Details
    • $472,500

      Versatile Downtown Mixed-Use Building

      Adaptable commercial property in a prime downtown setting.
      106 Water Street, Lake Mills, WI 53551
      View Details
    • $389,500

      Commercial Condo in Lake Mills

      Spacious commercial condo with flexible layout and B-1 zoning.
      101 Church Street, Lake Mills, WI 53551-1404
      View Details
    • $349,000

      Downtown Lake Mills Live/Work Loft

      Flexible B1-zoned commercial condo in downtown Lake Mills.
      103 Church Street, Lake Mills, WI 53551
      View Details
    • $1,275,000

      Versatile Commercial Property in Lake Mills

      Highly visible Main Street property ideal for investors or business owners.
      804 N Main Street, Lake Mills, WI 53551
      View Details
    • $2,957,900
      14,844 SF

      Walgreens NNN Lease Extension

      Walgreens NNN lease extended through 2038 with options.
      812 N Main St, Lake Mills, WI 53551
      View Details
    • $200,000

      Lake Mills Industrial Land Available

      1.8 acre industrial land in Lake Mills business park.
      680 Enterprise Dr, Lake Mills, WI 53551
      View Details
    • $3,600,000
      7,229 SF

      Lake Mills Retail Space Available

      Retail space for sale in Lake Mills, Wisconsin.
      800 S. Main Street, Lake Mills, WI 53551
      View Details
    • $250,000

      Land Parcel Near State Road

      0.9 AC parcel ready for development near retail chains.
      7612 Oasis Ln, Lake Mills, WI
      View Details

    FAQs

    What type of property is this?
    Duplex - Versatile property with multi-family zoning and commercial potential.
    Where is this duplex located?
    The property is located at 800 N Main Street Lake Mills, WI.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Classic Victorian home built in 1890; Currently configured as a 2‑family residence; Multi‑family zoning with potential to expand to a 6‑family dwelling
    (920) 222-9307
    We can help!
    Listing Contact
    Barry Luce
    Barry Luce
    Real Estate License ID: 5049690
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!