Listing provided courtesy of RE/MAX Property Shop- MLS# 2013700MLS ProviderContact Information: [email protected]

106 Water StreetLake Mills, WI 53551

Commercial · 2,800 Sq. ft. | 0.05 Acres
$472,500 Active

106 Water Street Overview

Time on Site:
199 days
Visits:
94

Ideal Downtown Space for Your Business! Take ownership of your business location with this versatile mixed-use commercial building in a prime downtown setting. Designed to support a wide range of business types, the flexible zoning allows you to tailor the space to fit your vision—whether for professional offices, retail, service-based operations, or a combination of uses. All mechanical systems have been updated from the roof to the basement, offering confidence and reduced capital expenses for years to come. The building features a well-maintained exterior, multiple entrances for functional separation of spaces, and handicap accessibility to serve clients and staff comfortably. A private courtyard provides a unique bonus—ideal for breaks, outdoor meetings, or customer appeal. Bring your business plans and discover how owning this adaptable downtown property can support your growth, visibility, and long-term success.

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106 Water Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,800
  • Price/Sq.ft. $169
  • Lot 0.05 Acres

Details

General

Income/Expenses

  • Net Operating Income: 0
  • Operating Expense: 0

Listing Information

  • Sale Includes: N/A

Building Information

  • Fuel: Natural gas
  • Water/Waste: Municipal sewer, Municipal water
  • Year Built: 1950

Business Information

  • Current Use: Retail, Office, Self storage

Location/Region

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

Parking Information

  • Parking Fees/Mo.: 0

Rent/Lease Information

  • Lease Type: None
  • Tenant Pays: N/A

Tax Information

  • Tax Annual Amount: $3,520.00
  • Tax Assessed Value: $234,200.00
  • Tax Year: 2025

General Information

  • Business Sale: No
  • Features: Public rest rooms, Private Restrooms, Inside storage, Outside storage
  • Inclusions: Built-in cabinets
  • Miscellaneous: Internet - Cable, Waterfront
  • Parcel Number: 246-0713-1322-055
  • Property Type: Business/Comm
  • Type: Retail, Office, Wholesale, Manufacturing, Warehouse, Recreation, Grocery, School, Church, Day care, Beauty/barber, Self storage
  • Zoning: B-1 Downto

Interior

Building Information

  • Total Units/Bldg.: 2
  • Heating/Cooling: Central air, Forced air

Building Interior

  • Building Area Total: 2800
  • Ceiling Height Max: 10
  • Ceiling Height Min: 7

General Information

  • Basement: Block foundation, Other foundation, Partial, Poured concrete foundatn, Walkout/Outside entrance
  • Stories Total: 1

Unit Information

  • Unit 1 Base Annual Rent: $0.00
  • Unit 1 Gross SqFt: 1100
  • Unit 2 Gross SqFt: 890

Exterior

Parking Information

  • Onsite Parking: 0
  • Parking Features: Offsite

Lot Information

  • Street Frontage: 96
  • Lot Size Source: Assessor

Building Exterior/Construction

  • Construction Materials: Brick, Aluminum, Steel, Block, Concrete
  • Roof: Other, Rubber/membrane

106 Water 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.

106 Water Street Monthly Cost

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* 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.

106 Water 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

106 Water Street History

Date Event Value Agent
12/13/2025Source: South Central Wisconsin MLS Added to Database
December 13, 2025