8-Unit Apartment
For Sale
$150,000
207 S Lake Street, Lake Mills, IA 50450
COMMERCIAL - Lake Mills, IA
Property SizeContact for details
Lot Size0.20 Acres
Days on Market76
Property Features for 207 S Lake Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Subdivision
CD SMITHS ADD
Directions
Center of town, North of Salem Church
Standard status
Active
APN
0802376008
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
02 99 23 LOT 9 BLK 2 SMITH ADD & A 10 SF TR IN LOT 8 BLK 2
Tax Annual Amount
1422
Legal Description
02 99 23 LOT 9 BLK 2 SMITH ADD & A 10 SF TR IN LOT 8 BLK 2
Utilities
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1880
Number of units
8
Building materials
Vinyl Siding
Listing Agency:
Realty ONE Group Black Diamond
(641) 592-2665
Listed By:
Marisa Koppen · License #***
(641) 590-0465
Added: Jun 5
Changed: Aug 19
Last Checked: Aug 19 at 5:06PM
MLS# 6339080
Copyright © 2026 NoCoast MLS. 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.
This multifamily property contains 8 apartments, including 6 one-bedroom units and 2 two-bedroom units. Several apartments feature newer flooring and paint, while the building has vinyl siding and hot water heating. Constructed in 1880, the property occupies a 0.2-acre lot and is served by public water.
The building is located at 207 S Lake Street in Lake Mills, Iowa, within Winnebago County. Its apartment mix provides both one-bedroom and larger two-bedroom layouts within a single residential income property.
The building is located at 207 S Lake Street in Lake Mills, Iowa, within Winnebago County. Its apartment mix provides both one-bedroom and larger two-bedroom layouts within a single residential income property.
Key Highlights
- 8 apartments with 6 one‑bedroom units and 2 two‑bedroom units
- Several units feature newer flooring and paint
- 0.2‑acre lot at 207 S Lake Street, Lake Mills, IA 50450
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 50450, IA
2,827
Population
1,489
Households
1.9
Avg Household Size
45
Median Age
19%
College-Educated
96%
High-School Grad
84.5 sq mi
ZIP Area
33
Density / Sq Mi
$76,522
Median Household Income
$42,475
Median Earnings
$640
Median Rent
$157,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed one- and two-bedroom layouts include select apartments with newer flooring and paint.
Where is this apartment building located?
The property is located at 207 S Lake Street Lake Mills, IA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 8 apartments with 6 one‑bedroom units and 2 two‑bedroom units; Several units feature newer flooring and paint; 0.2‑acre lot at 207 S Lake Street, Lake Mills, IA 50450
