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Mixed-Use Brick Building
For Sale
$183,000

217 W Cherry St, Lancaster, WI 53813

Multi Family, Lancaster, WI

Property SizeContact for details
Lot Size0.06 Acres
Days on Market108

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 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3
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

Additional Details

Tenant in Place Yes
Mixed-Use Components commercial, residential

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1339

Utilities

Heating system Forced Air

Building Details

Year built 1890
Floors in Building 2
Number of units 3
Buildings 1
Listing Agency: RE/MAX Preferred · RE/MAX International
Listed By: Scott Schroeder · License #5913790
Added: Jul 15 Changed: Oct 28 Last Checked: Oct 30 at 12:06AM
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.

Rey
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Investment Insights

Based on property information with market context.

Built in 1890, this brick mixed-use property contains three spaces: a commercial unit on the main floor and two residential units above. The street-level suite has display windows, an office, a full bathroom, and a large storage area. It is vacant. Upstairs, one apartment is a one-bedroom layout with an open living, dining, and kitchen area, plus a bathroom with laundry. The other unit is an efficiency with a full bathroom. Appliances are included, and the property has a full basement for storage.

The 0.06-acre parcel is zoned for residential and commercial use. Updates include work to the furnace, plumbing, electrical systems, and flooring. Heating is forced air.

Key Highlights

  • Three‑unit building with one commercial space and two residences
  • Street‑level suite includes display windows, office, full bath, and storage area
  • Upper residences include a one‑bedroom apartment and an efficiency

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

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

Location Intelligence

Trade Area within ½ mile

366
Businesses Nearby
16k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 63% Shops & Services 19% Dining 18%
Piggly Wiggly Groceries
10,329 visits/mo 0.1 miles
SUBWAY Dining
2,914 visits/mo 0.1 miles
Mobil Shops & Services
2,196 visits/mo 0.1 miles
Marine Credit Union Shops & Services
831 visits/mo 0.5 miles

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
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Three separate spaces combine street-level commercial area with two upstairs residences 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 $183,000.
What are key features of this property?
This property features: Three‑unit building with one commercial space and two residences; Street‑level suite includes display windows, office, full bath, and storage area; Upper residences include a one‑bedroom apartment and an efficiency
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