8-Unit Apartment
For Sale
$150,000
207 S Lake Street, Lake Mills, IA 50450
Commercial Sale, Lake Mills, IA
Property SizeContact for details
Lot Size0.20 Acres
Days on Market115
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: Sep 7
Last Checked: Sep 27 at 11:06PM
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 8-unit apartment property includes six one-bedroom residences and two two-bedroom residences. Several apartments have newer flooring and paint, while the building features vinyl siding, hot water heating, and public water service. Constructed in 1880, the property provides a mix of smaller and larger residential layouts within one building.
The property is located at 207 S Lake Street in Lake Mills, Iowa, within Winnebago County. Its established building profile and varied unit mix support a straightforward multifamily configuration for residential occupancy.
The property is located at 207 S Lake Street in Lake Mills, Iowa, within Winnebago County. Its established building profile and varied unit mix support a straightforward multifamily configuration for residential occupancy.
Key Highlights
- 8 total apartments: six one‑bedroom units and two two‑bedroom units
- Several units feature newer flooring and paint
- Constructed in 1880
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - The property offers a mix of one- and two-bedroom apartment layouts, with several units featuring 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 total apartments: six one‑bedroom units and two two‑bedroom units; Several units feature newer flooring and paint; Constructed in 1880
