760 Cherokee Path Lake Mills, WI 53551
This exceptional 0.63-acre vacant lot in Lake Mills, Wisconsin, presents a unique opportunity for residential development. Located at 760 Cherokee Path, 53551, this property is zoned for residential use and offers significant potential for the construction of a multi-unit condominium complex or apartment building. Previous plans exist for an eight-unit building, seamlessly integrating into the established Cherokee Path Condo Association. This provides a solid foundation for developers seeking a streamlined approach, leveraging existing infrastructure and community connections. Alternatively, the lot is equally suitable for custom designs, allowing developers to create a unique residential project tailored to market demands. The convenient location near I-94 ensures easy access for commuters, enhancing the desirability of the future development. The asking price for this prime development land is $199,900. This represents a compelling investment opportunity in a thriving Wisconsin community. The property's Jefferson County location and proximity to I-94 offer excellent accessibility and connectivity. Broker co-op is available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.