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Historic Mixed-Use Property
For Sale
$750,000

100 N Water, Lake Mills, WI 53551

Multi-unit property with commercial and residential components.

Property Size12,200 SF
Price / SF$61.48
Days on Market16

Property Features for 100 N Water

General Information

Standard status Active
Size 12,200 SF
Property subtype Commercial

Additional Details

Multifamily Units 7

Building Details

Year Built 1909
Listing Agency: NextHome Midwest
Listed By: Chris Alexander · License #WI59248-90
Source: Madisonareahomelistings
Added: Aug 24 Changed: Sep 8 Last Checked: Sep 8 at 8:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome Midwest

Investment Insights

Based on property information with market context.

Constructed in 1909, this 12,200-square-foot mixed-use property combines four commercial rental spaces with seven residential units. The configuration brings commercial and residential occupancy together within one historic building, with the former Hotel Central forming part of the property’s documented past.

The building is located at 100 N Water in Lake Mills, Wisconsin. Its history includes use by the Lake Mills Shoe Company, an early twentieth-century manufacturer specializing in infants’ shoes. That connection places the property within the community’s recorded industrial history while its current layout supports both commercial and residential uses.

Key Highlights

  • 12,200‑square‑foot mixed‑use property
  • Four commercial rental spaces
  • Seven residential units

Property Analytics

Current Use

Lunar Luxe Nail Salon

Suggested Use

Top Pick Law Firm Dental Office Electrical Service Real Estate Agency Furniture & Home Goods (Bike/Boat/Book/etc) Store

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

7
Residential units

Location Intelligence

Trade Area within ½ mile

301
Businesses Nearby

Demographics for 53551, WI

8,920
Population
4,048
Households
2.2
Avg Household Size
41
Median Age
45%
College-Educated
96%
High-School Grad
39.6 sq mi
ZIP Area
225
Density / Sq Mi
$89,841
Median Household Income
$53,503
Median Earnings
$1,089
Median Rent
$322,700
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 - Multi-unit property with commercial and residential components.
Where is this mixed-use property located?
The property is located at 100 N Water Lake Mills, WI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 12,200‑square‑foot mixed‑use property; Four commercial rental spaces; Seven residential units
More about this property
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