109 Main St, Lake Mills, WI 53551-1613
- Commercial real estate
- 0.06 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 109 Main St
- Lot size
- 0.06 lot acres
- Property type
- Commercial real estate
- APN
- 246-0713-1322-074
- APU
- 24607131322074
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 1, 2025 | $445,000 | L M Laundry LLC | Main Street Laundry LLC | Warranty Deed | $262k · Premier Bank |
| Jul 2, 2020 | — | Main Street Laundry LLC | — | Deed · related | $160k · Premier Bank |
| May 12, 2020 | $85,000 | Main Street Laundry LLC | Jennifer L Walterscheit | Warranty Deed | — |
| — | — | Jennifer L Walterscheit | — | Deed Of Trust · related | — |
| — | — | Jennifer L Walterscheit | — | Deed Of Trust · related | $112k · Bank Of Lake Mills |
Description
This exceptional investment opportunity presents a thriving laundromat business in Lake Mills, Wisconsin, complete with the underlying real estate. Located at 109 S Main St, this single-story, 1,824 square foot storefront boasts a prime commercial location within Jefferson County (APN: 246-0713-1322-074 & 097). The property sits on a 0.09-acre lot and is zoned for commercial use. Originally built in 1935, the building underwent a complete renovation in 2020, ensuring modern amenities and functionality. The asking price is $475,000, translating to $260.42 per square foot. The strong financial performance is evident in the impressive Net Operating Income (NOI) of $59,898, resulting in a compelling 12.61% capitalization rate. This turnkey operation includes all equipment and is offered as a single-tenancy, owner-user investment. The sale includes both the real estate and the established laundromat business, providing a rare opportunity to acquire a profitable, well-maintained asset in a desirable location. This is an ideal investment for those seeking a stable, high-return property with immediate cash flow. The property's location in Lake Mills, Wisconsin, offers a strong local market and potential for continued growth.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Lake Mills
- County
- Jefferson
- State
- Wisconsin
- Longitude
- -88.913
- Latitude
- 43.0795
- CBSA code
- 48020
- CBSA name
- WATERTOWN-FORT ATKINSON, WI MICROPOLITAN STATISTICAL AREA
