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Property profile & analytics
OFF-MARKET
Commercial real estate

109 Main St Lake Mills, WI 53551-1613

0.06 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US92-0049188
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.06 ac (2,396 SF)
APN 246-0713-1322-074
UPID US92-0049188
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
L M Laundry LLC · 1 yrs held
L M Laundry LLC
since 2025
Last sale
$445,000
5 recorded transactions
2025
$445,000
2020
Price N/A
2020
$85,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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