Gabriell Hamele

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Listing provided courtesy of RE/MAX Community Realty- MLS# 2008558MLS ProviderContact Information: [email protected]

316 N Main StreetLake Mills, WI 53551

Commercial · 10,046 Sq. ft. | 0.60 Acres
$799,900 Offer-Show

316 N Main Street Overview

Time on Site:
291 days
Visits:
77

Over 10,000 sq. ft. of prime commercial space in the heart of Lake Mills Under $800K! Ideally situated on Main Street, just half a block from the downtown square, this property offers excellent visibility for any business. Its location less than a mile from I-94 also provides easy access for deliveries and supplies. Building is divided into 6 units, with great income potential. In the past five years, the seller has invested over $80,000 in capital improvements, including five new furnaces, four new central air units, fresh exterior paint, plus updated flooring and interior paint in three rental spaces. Along with abundant street parking, the property features a large, paved lot behind the building, ensuring convenience for tenants and customers alike.

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316 N Main Street Facts & Features

  • Type Commercial
  • Sq. ft. 10,046
  • Price/Sq.ft. $80
  • Lot 0.60 Acres

Details

General

Income/Expenses

  • Net Operating Income: 0
  • Operating Expense: 0

Listing Information

  • Sale Includes: Lease(s)

Building Information

  • Fuel: Natural gas
  • Water/Waste: Municipal sewer, Municipal water
  • Year Built: 1952

Business Information

  • Business Name: Leader Building
  • Current Use: Retail, Office, Service

Location/Region

  • County Or Parish: Jefferson
  • Postal City: Lake Mills

Parking Information

  • Parking Fees/Mo.: 0

Rent/Lease Information

  • Lease Type: Mixed lease types
  • Tenant Pays: Air Conditioning, All expenses, Electric, Heat, Janitorial, Sewer, Water

Tax Information

  • Tax Annual Amount: $8,287.00
  • Tax Assessed Value: $545,500.00
  • Tax Year: 2025

General Information

  • Business Sale: No
  • Exclusions: Seller's & tenants personal property. Water softener rented.
  • Features: Overhead doors, Private Restrooms, Shared Restrooms
  • Inclusions: None
  • Miscellaneous: Internet - Cable, Internet -Fiber Available
  • Parcel Number: 246-0713-1233-063
  • Property Type: Business/Comm
  • Type: Retail, Office, Service
  • Zoning: B-2

Interior

Building Information

  • Total Units/Bldg.: 6
  • Heating/Cooling: Central air, Forced air, Zoned heating
  • Number of Loading Docks: 1

Building Interior

  • Building Area Total: 10046
  • Ceiling Height Max: 12
  • Ceiling Height Min: 9

General Information

  • Basement: Slab/None
  • Stories Total: 1

Unit Information

  • Unit 1 Base Annual Rent: $0.00
  • Unit 1 Gross SqFt: 0

Exterior

Parking Information

  • Onsite Parking: 21-35
  • Parking Features: 21-35 spaces, Onsite, Paved

Lot Information

  • Street Frontage: 390
  • Lot Size Acres: 0.6
  • Lot Size Source: Assessor

Building Exterior/Construction

  • Construction Materials: Wood, Brick, Aluminum
  • Roof: All flat, Metal, Rubber/membrane

316 N Main Street Neighborhood

Community

53551 (LAKE MILLS) Demographics

39
Median Age
203
Population Density (per sq. mile)
48%
College Educated
$75,000
Estimated Median Income
2,612
Estimated Total Home Owners
800
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

316 N Main Street Monthly Cost

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$ %
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$
$
Jeff Payden
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

316 N Main Street Market Data

Based on the last 30 days in this zip code

$600,970
Average List Price
$252
Average Price per Square Foot
19
Properties Sold
48
Average Days on Market
48
Properties for Sale
Calculations provided by Reliance Network

316 N Main Street History

Date Event Value Agent
6/8/2026Source: South Central Wisconsin MLS Status Change
Offer-Show
4/21/2026Source: South Central Wisconsin MLS Price Reduction
$799,900 -5.9%
1/8/2026Source: South Central Wisconsin MLS Price Reduction
$849,900 -5.6%
11/7/2025Source: South Central Wisconsin MLS Price Reduction
$899,900 -6.7%
10/17/2025Source: South Central Wisconsin MLS Price Reduction
$965,000 -2.5%
9/11/2025Source: South Central Wisconsin MLS Added to Database
September 11, 2025