109 Main St Lake Mills, WI 53551-1613
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.