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Property profile & analytics
OFF-MARKET
Land

760 Cherokee Path Lake Mills, WI 53551

0.63 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 0.63 ac (27,443 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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