408 W Lake Street, Lake Mills, WI 53551

Building Details

Year Built

1890

Listing agent Laura Staude Flood License #52477-90

Listing office Century 21 Affiliated

Listing date Jun 5, 2026

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Affiliated

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Overview

This tri-plex offers three residential units configured as a 3-unit multifamily. The property is situated on the Mill Pond on approximately one acre of land, with direct access to Rock Lake. One unit is currently vacant and has been recently updated, providing the option to move in while readying the remaining rental income. The listing also notes the right renovation could allow the home to be used as a waterfront single-family residence.

The property is located at 408 W Lake Street in Lake Mills, Wisconsin. Showings begin 06/12. The home is described as being on the water with a backyard view of the pond, and it is located just a couple of blocks from downtown Lake Mills and Bartels Beach.

For investors, the current multifamily setup provides a straightforward hold-and-lease configuration with an already-updated vacancy. For owner-occupants, the updated vacant unit can support living in one unit while collecting rent from the other units. Buyers looking for a single-family waterfront option may find the on-site layout and lake access appealing if they plan a renovation based on the property’s existing character and water setting. Also listed as Single Family MLS# 2025195.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

Lake Mills

County

Jefferson

State

Wisconsin

Longitude

-88.9165875

Latitude

43.0797427

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FAQs

What type of property is this?

Triplex - Three-unit waterfront property on Mill Pond with direct access to Rock Lake and a recently updated vacant unit.

Where is this triplex located?

The property is located at 408 W Lake Street Lake Mills, WI.

What is the asking price?

The asking price for this property is $490,000.

What are key features of this property?

This property features: Tri‑plex built in 1890, currently operating as a 3‑unit multifamily; 1‑acre waterfront property on the Mill Pond with direct access to Rock Lake; Vacant unit was recently updated