Bought with The Lang Group
$445,000
$475,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
109 S Main Street Lake Mills, WI 53551
1,824 SqFt
Key Details
Sold Price $445,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,824 sqft
Price per Sqft $243
Municipality LAKE MILLS
MLS Listing ID 1988160
Sold Date 03/31/25
Year Built 1935
Annual Tax Amount $3,035
Tax Year 2024
Lot Size 3,920 Sqft
Property Description
Unique Opportunity for an Income-Producing Business with Real Estate 2024 NOI $64,418 Laundromats consistently rank among the top five real estate investments for cash flow. This property offers a rare chance to own a fully renovated laundromat paired with real estate. The renovation, completed in September 2020, included significant upgrades: New Roof HVAC system Water heater and softener Handicapped-accessible bathroom Updated insulation LED lighting Plumbing and electrical systems Basement floor New window and back door Awning installation The sale includes over $200,000 worth of new laundry machines purchased since 2020, with the most recent additions, November 2024. This turn-key investment combines a modernized facility with high-quality equipment, ensuring a reliable income stream
Location
State WI
County Jefferson
Zoning commercial
Rooms
Basement Full, None, None / Slab, Poured Concrete
Interior
Heating Natural Gas
Cooling Forced Air, Central Air
Exterior
Roof Type Rubber/Membrane
Building
Sewer Municipal Water, Municipal Sewer
New Construction N
Others
Acceptable Financing Seller May Assist
Listing Terms Seller May Assist
Special Listing Condition Arms Length
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