Mixed-Use Property with
For Sale
$1,125,000
804 N Main, Lake Mills, WI 53551
Existing 1985-built improvements accompany the land at this Main Street commercial address.
Property Size10,565 SF
Price / SF$106.48
Days on Market506
Property Features for 804 N Main
General Information
Standard status
Active
Size
10,565 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
EXIT Realty HGM
Listed By:
Jill Sweeney · License #8707694
(920) 342-0224
Source:
Madisonareahomesforsale
Added: Jun 1, 2025
Changed: Oct 1
Last Checked: Oct 19 at 6:58AM
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 EXIT Realty HGM
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Investment Insights
Based on property information with market context.
This mixed-use property combines an existing building with accompanying land at 804 N Main in Lake Mills, Wisconsin. The building was constructed in 1985, providing an established improvement within the overall property rather than a land-only offering.
The site is positioned on Main Street near downtown Lake Mills, with the surrounding area described as including established neighborhoods and active local businesses. The property information also identifies access to major routes and a walkable setting, while the land component adds flexibility for evaluating future commercial use or redevelopment.
The site is positioned on Main Street near downtown Lake Mills, with the surrounding area described as including established neighborhoods and active local businesses. The property information also identifies access to major routes and a walkable setting, while the land component adds flexibility for evaluating future commercial use or redevelopment.
Key Highlights
- Mixed‑use property includes both an existing building and land
- 1985 construction year
- 804 N Main address in Lake Mills, WI 53551
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,648
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,812,960
$1.8M
Cap Rate 7%
$1,294,971
$1.3M
Cap Rate 9%
$1,007,200
$1.0M
Market Conditions
NOI Build-Up for 10,565 SF
Gross rent
$164.8K $15.60/SF
− Vacancy
−$19.8K −$1.87/SF
EGI
$145.0K $13.73/SF
− OpEx
−$54.4K −$5.15/SF
NOI
$90.6K $8.58/SF
Area
Jefferson County, WI
Vacancy
12.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,812,960
Cap Rate 7%
$1,294,971
Cap Rate 9%
$1,007,200
Alternative Uses
Best Use
Mixed Use
$1.29M
$1.13M – $1.51M
NOI $90,648 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,587 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 53551, WI
8,920
Population
4,048
Households
2.2
Avg Household Size
41
Median Age
45%
College-Educated
96%
High-School Grad
39.6 sq mi
ZIP Area
225
Density / Sq Mi
$89,841
Median Household Income
$53,503
Median Earnings
$1,089
Median Rent
$322,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing 1985-built improvements accompany the land at this Main Street commercial address.
Where is this mixed-use property located?
The property is located at 804 N Main Lake Mills, WI.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Mixed‑use property includes both an existing building and land; 1985 construction year; 804 N Main address in Lake Mills, WI 53551
