Commercial Building and
804 N Main Street Lake Mills, WI 53551
For Sale
$1,125,000
COMMERCIAL - Lake Mills, WI
Property Size10,565 SF
Lot Size2.60 Acres
Price / SF$106.48
Days on Market38
Property Features for 804 N Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Security features
- Security Lighting
- Interior features
- Truck dr(s) 15ft or lower, Loading Ramp, Freight elevator, Private Restrooms, 440+ volt, Reception area, Display window, Inside storage, Outside storage, Security lighting, Private office(s)
- Accessibility
- Accessible Elevator Installed, Accessible Approach with Ramp
- Standard status
- Active
- APN
- 246-0713-1223-023
- Size
- 10,565 SF
- Lot size
- 2.60 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 12834
Building Details
- Year built
- 1985
- Number of units
- 1
- Additional Structures
- Storage
Listing Agency:
EXIT Realty HGM
(608) 563-2272
Listed By:
Jill Sweeney
(920) 342-0224
Added: Jun 17
Changed: Jul 23
Last Checked: Jul 24 at 8:06AM
MLS# 2005897
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 for-sale commercial property combines a versatile building with an additional land component. The site totals 2.6 acres, and the building area is listed at 10,565 square feet. It is zoned Commercial.
Located at 804 N Main Street in Lake Mills, Wisconsin, the property is described as a highly visible Main Street site near the downtown area, with easy access to major routes.
The offering presents a flexible redevelopment or business site configuration, with room to accommodate retail, office, service, or mixed-use concepts as referenced in the marketing remarks.
Located at 804 N Main Street in Lake Mills, Wisconsin, the property is described as a highly visible Main Street site near the downtown area, with easy access to major routes.
The offering presents a flexible redevelopment or business site configuration, with room to accommodate retail, office, service, or mixed-use concepts as referenced in the marketing remarks.
Key Highlights
- Year built: 1985 commercial property with freight elevator and loading ramp
- Accessible elevator installed with an accessible approach via ramp
- 440+ volt electrical service plus security lighting
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.1k | $14.40 |
| − Vacancy | −$6.4k | −$0.60 |
| EGI | $145.7k | $13.80 |
| − OpEx | −$43.7k | −$4.14 |
| NOI | $102.0k | $9.66 |
10,565 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.96M
$1.71M – $2.28M
NOI $136,922 @ 7.0% cap · market cap 12.17%
Second Best
Retail
$1.46M
$1.28M – $1.70M
NOI $102,022 @ 7.0% cap · market cap 9.07%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lake Mills Cleaners ...
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Commercial land - For-sale commercial property with a versatile building and land component on N Main Street in Lake Mills.
Where is this commercial land located?
The property is located at 804 N Main Street 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: Year built: 1985 commercial property with freight elevator and loading ramp; Accessible elevator installed with an accessible approach via ramp; 440+ volt electrical service plus security lighting
