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    Property profile & analytics

    205 Main St Lake Mills, IA 50450-1405

    • Retail space
    • 8,470 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-0732951
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 205 Main St

    Year built
    1900
    Lot size
    0.17 lot acres
    Property size
    8,470 SF
    Property type
    Retail space
    APN
    802353008
    APU
    802353008

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Mills
    County
    Winnebago
    State
    Iowa
    Longitude
    -93.534
    Latitude
    43.4191

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $618
    $11,000
    $24,660
    $35,660
    -
    $11,000
    $24,660
    $35,660

    Comparable in this City

    • Value Estimation by Request
      5,429 SF

      203 1st W Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,429 SF
      203 1st W Ave, Lake Mills, IA 50450-1352
      View Details
    • Value Estimation by Request
      5,454 SF

      227 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,454 SF
      227 Main St, Lake Mills, IA 50450-1405
      View Details
    • Value Estimation by Request
      3,360 SF

      107 Ml St

      RETAIL STORES (PERSONAL SERVICES) • 3,360 SF
      107 Ml St, Lake Mills, IA 50450-1303
      View Details
    • Value Estimation by Request
      3,640 SF

      105 Ml St

      RETAIL STORES (PERSONAL SERVICES) • 3,640 SF
      105 Ml St, Lake Mills, IA 50450-1363
      View Details
    • Value Estimation by Request
      1,960 SF

      103 Ml St

      RETAIL STORES (PERSONAL SERVICES) • 1,960 SF
      103 Ml St, Lake Mills, IA 50450-1303
      View Details
    • Value Estimation by Request
      1,960 SF

      Lake

      RETAIL STORES (PERSONAL SERVICES) • 1,960 SF
      Lake, Mills, IA 50450
      View Details

    Similar Nearby for Sale

    • $60,000
      0.05 Acres

      Versatile Commercial Building in Lake Mills

      Adaptable brick building in downtown Lake Mills, Iowa.
      304 W Main St, Lake Mills, IA 50450
      View Details
    • Contact for pricing
      0.21 Acres

      Lake Mills Commercial Land

      Commercial land available near downtown Lake Mills, Iowa.
      202 N Western St, Lake Mills, IA 50450
      View Details
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    205 Main St
    Lake Mills, IA 50450-1405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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