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100 N Water Street Lake Mills, WI 53551 Commercial - Office Active

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Description

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.

Property Highlights

Property Type: Commercial - Office
Year Built: 1909

General Information

County: Jefferson
Listed By:
NextHome Midwest Pref: 608-381-4799
SCWMLS
$750,000
Est. $5,055/mo

Listing Courtesy of: NextHome Midwest
Agency Contact: Pref: 608-381-4799
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New to the Market Active
SQUARE FEET12,200 MLS#2031690
STATUSActive PROPERTY TYPECommercial - Office

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100 N Water Street, Lake Mills, WI 53551.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $750,000$750,000$750,000
Down Payment $150,000$26,250$187,500
Monthly Mortgage Amount $3,792$4,655$4,709
Taxes $1044$1044$1044
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$330$0
Monthly Estimated Total $5,055$6,248$5,972

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