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Historic Mixed-Use Property
New
For Sale
$750,000

100 North Water Street, Lake Mills, WI 53551

Lake Mills, WI

Property SizeContact for details
Days on Market3

Property Features for 100 North Water Street

General Information

Property type Commercial Sale
Property subtype Other
Standard status Active

Building Details

Year built 1909
Listing Agency: NextHome Midwest
Listed By: Chris Alexander · License #59248-90
Added: Aug 31 Changed: Sep 1 Last Checked: Sep 2 at 11:06AM
MLS# 2031690

Copyright © 2026 NextHome, Inc. 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.

Built in 1909, this historic mixed-use property combines four commercial rental spaces with seven residential units. The configuration provides separate commercial and residential components within a single building, supporting varied occupancy across the asset.

The property is located at 100 North Water Street in Lake Mills, Wisconsin. Its history includes use by the Lake Mills Shoe Company, which operated from the former Hotel Central building and manufactured infants’ shoes as part of a regional production network. The building’s documented connection to early twentieth-century local manufacturing adds historical significance to its current mixed-use format.

Key Highlights

  • 1909 construction date
  • 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 - Four commercial spaces and seven residential units create a diversified property configuration in Lake Mills.
Where is this mixed-use property located?
The property is located at 100 North Water Street 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: 1909 construction date; Four commercial rental spaces; Seven residential units
More about this property
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