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207 S Lake Street Lake Mills, IA $ 165,000
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$ 165,000 Get more info
207 S Lake Street
$ 165,000
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Open House 6/10 5pm - 6pm
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207 S Lake Street

Lake Mills, IA, 50450
$ 165,000
Bedrooms-- Baths--

Monthly Estimate*

$ 1,016

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Commercial Property for sale in Lake Mills, IA

for $165,000. This building was built in 1880 on a lot size of 0.2.

Investment Opportunity: 8-Plex Rental Unit Alert! Ready to level up your investment game? Here’s your chance to own an entire 8-plex rental unit—yes, you read that right! Featuring 6 one-bedroom apartments (perfect for those who love to keep things cozy) and 2 two-bedroom apartments (for when you need a bit more room to stretch out), this property is packed with potential. Several units have been given a fresh makeover with newer flooring and paint, just waiting for tenants to call them home! Come see the value and potential of this investment—and who knows, it might just be your new favorite purchase!

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Open House

6/10/2026 5:00 PM - 6:00 PM
207 S Lake Street Lake Mills, IA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
Commercial Active

Price

$ 165,000

Property Type

Commercial

Taxes

$ 1,422

Style

Lot Size

0.2

Year Built

1880

Town/City

Lake Mills

County/Region

Winnebago

MLS | Web ID

6339080
Features
General
Sewer City Sewer/Connected
Heating Hot Water
Utilities Electric Common Heating Common Hot Water Common
Garage Spaces 0
Construction Materials Vinyl Siding
Year Built 1880
Property Subtype Apartment
Tax Year 2024
Current Use Hotel/Motel
Accessibility None
County Winnebago
Property Type Commercial Sale
Contingency None
Subdivision Name CD SMITHS ADD
Possible Use Income Motel/Hotel
Status Active
Directions Center of town North of Salem Church
Open Parking Spaces 8
Number Of Units Total 8
Lot Size Units Acres
Lot Size Square Feet 8712
Tax Annual Amount 1422
Living Area Units Square Feet
Standard Status Active
Legal Description 02 99 23 LOT 9 BLK 2 SMITH ADD & A 10 SF TR IN LOT 8 BLK 2
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Exterior
Parking Features Gravel
Water Source Public
Lot Dimensions 66.00 x 132.00 Lot Area 0.20 Acres; 8 712 SF
Lot Size Acres 0.2
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* Excluded Features
List By
Marisa Koppen

Listing Agent

Realty One Group Black Diamond

Broker

marisa@rogblackdiamond.com

Email

Affordability Calculator

$1,134
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,016
Monthly Property Taxes
$119
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
2872932 Elementary School
2872966 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/5/2026$165,000 Listed Price

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207 S Lake Street, Lake Mills, IA, 50450 is a Commercial Property for sale at $165,000 with a lot size of 0.2. 207 S Lake Street was built in 1880. The property's zip code is 50450 which is in Lake Mills, IA

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