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Townhome-Style Multifamily with Garages

1324 South Main Street Lake Mills, WI 53551

1324 South Main Street, Lake Mills, WI, 53551
Contact for pricing
For Sale
Contact for pricing
Pending

Newly built 23-unit community with attached two-car garages and three-bedroom, two-and-one-half-bath townhome-style homes.

Lot Size2.56 Acres
Days on Market51

Property Features for 1324 South Main Street

General Information

Standard status
Pending
Lot size
2.56 Acres
Property subtype
Retail, Multifamily

Building Details

Year Built
2023
Listing agency Best Realty of Edgerton
Listed by Kyle Carrier · License #WI 58216-90
Source Crexi
Added: Jun 2 Updated: Jul 10 at 1:50PM Checked: Jul 17 at 11:08AM

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 Best Realty of Edgerton


Investment Insights

Based on property information with market context.

Completed in 2023, this townhome-style multifamily community includes six residential buildings totaling 23 units. All homes offer three bedrooms and two-and-one-half baths, along with an attached two-car garage, creating a layout that bridges the convenience of apartment living with the functionality of a private home. The property is currently 91.3% occupied, with 21 leased units and 2 units available.

The community is located in Lake Mills, Wisconsin. The offering presents a stabilized income-producing asset in a rental market described as desirable in the area between Madison and Milwaukee, with the site developed on approximately 2.56 acres.

For buyers seeking recently delivered housing product, the 2023 construction and attached-garage design may be attractive for tenant appeal and operational continuity. The current leasing position provides an immediate view of in-place occupancy, while the remaining available units can support leasing momentum within the same three-bedroom, two-and-one-half-bath unit mix.

Key Highlights

  • Completed in 2023: 23‑unit townhome‑style multifamily community with 3BR and 2.5BA units
  • 21 of 23 units currently leased (91.3% occupied) with 2 available units
  • Six residential buildings on approximately 2.56 acres

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Building Supply Auto Repair Shop Auto Parts Store Hair Salon Big Box & Wholesale Store Electrical Service Storage Facility Kitchen & Bath Showroom Garden Center

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

FAQs

What type of property is this?
Apartment building - Newly built 23-unit community with attached two-car garages and three-bedroom, two-and-one-half-bath townhome-style homes.
Where is this apartment building located?
The property is located at 1324 South Main Street Lake Mills, WI.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Completed in 2023: 23‑unit townhome‑style multifamily community with 3BR and 2.5BA units; 21 of 23 units currently leased (91.3% occupied) with 2 available units; Six residential buildings on approximately 2.56 acres
Contact an agent
(608) 449-3630 Call to check price and availability
More about this property
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