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Downtown Mixed-Use Income Building

217 W Cherry St Lancaster, WI 53813

New
217 W Cherry St, Lancaster, WI, 53813
$189,900
For Sale
Claim this Listing
$189,900

COMMERCIAL - Lancaster, WI

Property Size3,200 SF
Lot Size0.06 Acres
Price / SF$59.34
AddedJul 15
Days on Market1
Last RefreshJul 15 at 7:06 pm

Property Features for 217 W Cherry St

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
comm/res
Parking features
Offsite
Interior features
Private Restrooms, Residential unit(s), Display window, Private office(s)
Standard status
Active
APN
246-00181-0000
Size
3,200 SF
Lot size
0.06 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
1339

Building Details

Year built
1890
Number of units
3
Roof type
Membrane, Flat

Listing agent Scott Schroeder License #5913790

Listing office RE/MAX Preferred 144 4th Ave Ste 3, Baraboo, WI

Listing date Jul 15, 2026

MLS# 1995303

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 solid brick 3-unit mixed-use income property includes a main-level commercial space and two residential units upstairs. The main level features large display windows, a full bath, an office area, and a large storage area, and it is currently vacant. The upper units include one one-bedroom unit with an open-concept living, kitchen, and dining layout, along with a bathroom and laundry, as well as an efficiency unit with a full bath. All appliances are included with the units, and the building has been well maintained with updates described to include the furnace, plumbing, electrical, and flooring.

The property is located in downtown Lancaster and zoned commercial/residential (comm/res). Tenants pay $150 per month toward utilities. A full basement provides additional storage.

The current configuration offers a flexible option for an owner-occupant or investor seeking both commercial and residential rental income within one building.

Key Highlights

  • 3‑unit income property with main‑level commercial space plus 2 residential units upstairs
  • Main level commercial space is vacant and includes a full bath, office(s), and large storage area
  • Residential units feature wood floors and include a 1‑bedroom unit and a separate efficiency unit

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Building Supply Parking Lot & Garage (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Computer & Electronic Repair Big Box & Wholesale Store Electrical Service Grocery & Convenience Store

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

FAQs

What type of property is this?
Triplex - Brick 3-unit property with a main-level commercial space and two upper residential units, plus a full basement for storage.
Where is this triplex located?
The property is located at 217 W Cherry St Lancaster, WI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 3‑unit income property with main‑level commercial space plus 2 residential units upstairs; Main level commercial space is vacant and includes a full bath, office(s), and large storage area; Residential units feature wood floors and include a 1‑bedroom unit and a separate efficiency unit
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