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Duplex Property with Detached Garage
For Sale
$595,000

497 S Lake, Montello, WI 53949

Former community-based residential facility with commercial zoning, shared living areas, kitchens, and private offices.

Property Size14,000 SF
Price / SF$42.50
Days on Market527

Property Features for 497 S Lake

General Information

Standard status Active
Size 14,000 SF
Property subtype Multi Family / Apartment building
Zoning Commerical

Taxes and HOA fees

Annual Taxes $12,363

Amenities

Electric
Radiant
Personal property
2
16
Brick, Vinyl

Building Details

Year Built 999
Units 2
Listing Agency: United Country Midwest Lifestyle Properties
Listed By: Terry Dixon · License #39606-94
Source: Compass
Added: Mar 22, 2025 Changed: Aug 29 Last Checked: Aug 29 at 6:40PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Country Midwest Lifestyle Properties

Investment Insights

Based on property information with market context.

This two-unit duplex property was formerly operated as a community-based residential facility, with each unit configured with 8 rooms. The buildings include large living rooms, kitchens, dining areas, private offices, laundry areas, pantries, walk-out patios, and 2 full baths per building. Apartments 1 and 6 also have half baths. The property has brick and vinyl exteriors, electric heat, window air conditioning, and an in-place sprinkler system. New carpet has been installed in the front building.

The site includes front-facing asphalt parking and a detached 2-car garage. There are no basements. Located at 497 S Lake in Montello, Wisconsin, the property is near the Fox River system and is identified with commercial zoning.

Key Highlights

  • Two units with 8 rooms each and 16 total rooms
  • 2 full baths in each building; Apartments 1 and 6 also include half baths
  • 14,000‑square‑foot property with kitchens, dining areas, living rooms, and private offices

Property Analytics

Current Use

Golden Years Inc Nursing Home

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Garden Center 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.

Location Intelligence

Trade Area within ½ mile

54
Businesses Nearby

Demographics for 53949, WI

6,084
Population
4,088
Households
1.5
Avg Household Size
51
Median Age
14%
College-Educated
91%
High-School Grad
165.1 sq mi
ZIP Area
37
Density / Sq Mi
$62,000
Median Household Income
$41,607
Median Earnings
$797
Median Rent
$202,200
Median Home Value

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?
Duplex - Former community-based residential facility with commercial zoning, shared living areas, kitchens, and private offices.
Where is this duplex located?
The property is located at 497 S Lake Montello, WI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two units with 8 rooms each and 16 total rooms; 2 full baths in each building; Apartments 1 and 6 also include half baths; 14,000‑square‑foot property with kitchens, dining areas, living rooms, and private offices
More about this property
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