Mixed-Use Property with Loading
For Sale
$1,125,000
804 N Main Street, Lake Mills, WI 53551
Business/Comm, Lake Mills, WI
Property Size10,565 SF
Lot Size2.60 Acres
Price / SF$106.48
Days on Market76
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 Approach with Ramp, Accessible Elevator Installed
Lot features
Business district, Near Major Highway, Residential area
Directions
.
Subdivision
LAKE MILLS - C
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: Aug 6
Changed: Oct 17
Last Checked: Oct 20 at 12:06AM
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.
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Investment Insights
Based on property information with market context.
This mixed-use property combines a 10,565-square-foot building with 2.6 acres of land at 804 N Main Street in Lake Mills, Wisconsin. Built in 1985, the property includes a reception area, display window, private offices, private restrooms, inside storage, and outside storage. A loading ramp, freight elevator, and truck door rated 15 feet or lower support material movement and operational flexibility.
The building also features 440+ volt service, security lighting, and an accessible elevator with an approach ramp. Its Main Street setting places the property near Lake Mills' downtown area, established neighborhoods, and local businesses. Commercial zoning and the combination of improved space and land provide a broad physical platform for evaluating business or redevelopment plans.
The building also features 440+ volt service, security lighting, and an accessible elevator with an approach ramp. Its Main Street setting places the property near Lake Mills' downtown area, established neighborhoods, and local businesses. Commercial zoning and the combination of improved space and land provide a broad physical platform for evaluating business or redevelopment plans.
Key Highlights
- 10,565 square feet of building area on 2.6 acres
- Commercial zoning at 804 N Main Street, Lake Mills, WI 53551
- Loading ramp, freight elevator, and truck dr(s) 15ft or lower
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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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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning accompanies a building-and-land property with loading infrastructure.
Where is this mixed-use property 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: 10,565 square feet of building area on 2.6 acres; Commercial zoning at 804 N Main Street, Lake Mills, WI 53551; Loading ramp, freight elevator, and truck dr(s) 15ft or lower
