Downtown Retail
For Sale
Contact for pricing
110 E Lake Street #2, Lake Mills, WI 53551
Shared restroom and break area serve the space, with an option to combine it with another unit.
Property Size5,200 SF
Price / SF$0.98
Days on Market101
Property Features for 110 E Lake Street #2
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Commercial
Zoning
B-1 DT Bus
Building Details
Building Size
5,200 SF
Year Built
1920
Units
4
Listing Agency:
Nyman Real Est & Appraisal Mad
Listed By:
Keith Nyman · License #41514907429
(414) 704-5375
Source:
Geigerrealtors
Added: Jul 16
Changed: Oct 23
Last Checked: Oct 23 at 4:01PM
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 Nyman Real Est & Appraisal Mad
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space is in a professionally maintained downtown building constructed in 1920. Unit 2 can be leased on its own or paired with Unit 4, which measures 460 square feet. Occupants have access to a shared restroom and break area, and the space is subject to B-1 DT Bus zoning.
The building is across from Commons Park in downtown Lake Mills, Wisconsin.
The building is across from Commons Park in downtown Lake Mills, Wisconsin.
Key Highlights
- Unit 2 can be combined with Unit 4, a 460‑square‑foot space
- Shared restroom and break area
- B‑1 DT Bus zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,215
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,300
$1.0M
Cap Rate 7%
$717,357
$717.4K
Cap Rate 9%
$557,944
$557.9K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$74.9K $14.40/SF
− Vacancy
−$3.1K −$0.60/SF
EGI
$71.7K $13.80/SF
− OpEx
−$21.5K −$4.14/SF
NOI
$50.2K $9.66/SF
Area
Jefferson County, WI
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,300
Cap Rate 7%
$717,357
Cap Rate 9%
$557,944
Alternative Uses
Best Use
Retail
$717.4K
$627.7K – $836.9K
NOI $50,215 @ 7.0% cap · market cap 984.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,438 @ 7.0% cap · market cap 1,675.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Shared restroom and break area serve the space, with an option to combine it with another unit.
Where is this retail space located?
The property is located at 110 E Lake Street #2 Lake Mills, WI.
What are key features of this property?
This property features: Unit 2 can be combined with Unit 4, a 460‑square‑foot space; Shared restroom and break area; B‑1 DT Bus zoning
