100 N WATER Street Lake Mills, WI $ 750,000
100 N WATER Street
$ 750,000
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100 N WATER Street

Lake Mills, WI, 53551
$ 750,000
Bedrooms-- Baths-- Sq 12,200

Monthly Estimate*

$ 4,736

Listed by NextHome Midwest
100 N WATER Street, Lake Mills, WI 53551 - Image 1
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Commercial Property for sale in Lake Mills, WI

for $750,000. This 12,200 square foot building was built in 1909.

Own a piece of Lake Mills history! This historic, mixed-use property once housed the Lake Mills Shoe Company, a key local industry that helped shape the community during the early 20th century. In 1918, Watertown industrialist Edward C. Wolfram explored opening a shoe factory in Lake Mills. The Lake Mills Businessmen’s Association renewed the effort in 1919, leading Wolfram to establish operations in the former Hotel Central building on South Main Street. The factory specialized in infants’ shoes and became part of Wolfram’s regional manufacturing network, alongside plants in Watertown, Madison and Waterloo. Today the property offers 4 commercial rental spaces and 7 residential units, creating an investment opportunity with diversified income potential. More than simply a building, it reflects an era when local enterprise, skilled workers and civic leadership fueled Lake Mills’ growth. Preserve an authentic landmark while writing its next chapter in the heart of this vibrant community.

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Commercial Active

Price

$ 750,000

Property Type

Commercial

Taxes

$ 8,373

Style

Apartment building,Beauty/barber,Day care,Grocery

Year Built

1909

Town/City

Lake Mills

County/Region

Jefferson

MLS | Web ID

2031690

Features
General
Lease Type Annual Mixed lease types Month to month Multiple years
Features Public rest rooms Private Restrooms Residential unit(s)
Roof Partially flat Rubber/membrane
Zoning COMMERCIAL
Occupancy Tenant(s)
Tenant Pays Electric
County Jefferson
Miscellaneous Internet - Cable
Class Business/Comm
Present Use Office Service Beauty/barber shop Apartment building
Net Income 42682
Location Business district Corner High Traffic Location
Tax Year 2025
Gross Income 58440
Fuel Natural gas
Status Active
Status Detail 0
Year Built 1909
Directions MAIN ST SOUTH TO WATER ST PROPERTY ON THE CORNER OF MAIN/WATER
City Lake Mills
DOM 2
Price Per Sq Ft Total AG 61.48
County Qtr Section Jefferson NW
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Interior
Basement Block foundation Full Other foundation
Total Number of Units 11
Heating/Cooling Forced air Radiant Window AC
Stories 2
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Exterior
Exterior Brick Brick/Stone
Lot Size Area 0.37
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* Excluded Features
List By
Nexthome Midwest

Broker

(608) 381-4799

Phone

chris@soldinwi.com

Email

Affordability Calculator

$5,433
Per Month
87%
13%
0%
Monthly Principal & Interest
$4,736
Monthly Property Taxes
$698
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1568291 Elementary School
1568554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/31/2026$750,000 Listed Price

Map


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100 N WATER Street, Lake Mills, WI, 53551 is a Commercial Property for sale at $750,000 with 12,200 sqft. 100 N WATER Street was built in 1909. The property's zip code is 53551 which is in Lake Mills, WI