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Three-Unit Mixed-Use Brick Building
For Sale
$187,000

217 W Cherry St, Lancaster, WI 53813

Multi Family, Lancaster, WI

Property SizeContact for details
Lot Size0.06 Acres
Days on Market61

Property Features for 217 W Cherry St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning res/comm
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Appliances 2
Elementary school Call School District
Middle school Lancaster
High school Lancaster
Elementary school district Lancaster
Middle school district Lancaster
High school district Lancaster
Directions Downtown Lancaster, just off the square
Subdivision LANCASTER - C
Standard status Active
APN 246-00181-0000
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1339

Utilities

Heating system Forced Air

Amenities

basement storage

Building Details

Year built 1890
Floors in Building 2
Number of units 3
Listing Agency: RE/MAX Preferred · RE/MAX International
Listed By: Scott Schroeder · License #5913790
Added: Jul 15 Changed: Sep 13 Last Checked: Sep 13 at 2:06PM
MLS# 1995302

Copyright © 2026 REALTORS® Association of South Central Wisconsin. 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 mixed-use brick building contains three units, with a commercial suite on the ground level and two residential units above. The available commercial space includes a full bathroom, office, storage area, and large display windows. One upper unit has one bedroom, an open kitchen, living and dining areas, plus a bathroom with laundry. The second residential unit is an efficiency with a full bathroom, and appliances are included.

The property has a full basement for storage and is located at 217 W Cherry St in Lancaster, Wisconsin. Improvements include updates to the furnace, plumbing, electrical system, and flooring. The building was constructed in 1890 on a 0.06-acre lot and is identified with res/comm zoning.

Key Highlights

  • Three‑unit configuration with one commercial space and two residential apartments
  • Ground‑floor suite includes a full bath, office, storage area, and large display windows
  • Upper residences include a one‑bedroom unit and an efficiency apartment

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Law Firm Restaurant Big Box & Wholesale 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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

366
Businesses Nearby

Demographics for 53813, WI

6,267
Population
2,430
Households
2.6
Avg Household Size
41
Median Age
25%
College-Educated
94%
High-School Grad
144.3 sq mi
ZIP Area
43
Density / Sq Mi
$80,946
Median Household Income
$45,441
Median Earnings
$803
Median Rent
$204,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Brick income property combining a vacant commercial suite with two upper-level residential units and a full basement.
Where is this mixed-use property located?
The property is located at 217 W Cherry St Lancaster, WI.
What is the asking price?
The asking price for this property is $187,000.
What are key features of this property?
This property features: Three‑unit configuration with one commercial space and two residential apartments; Ground‑floor suite includes a full bath, office, storage area, and large display windows; Upper residences include a one‑bedroom unit and an efficiency apartment
More about this property
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