109 Main StLake Mills, WI 53551

For Sale
$475,000

Profitable Laundromat, Real Estate Included

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a thriving laundromat business in Lake Mills, Wisconsin, complete with the underlying real estate. Located at 109 S Main St, this single-story, 1,824 square foot storefront boasts a prime commercial location within Jefferson County (APN: 246-0713-1322-074 & 097). The property sits on a 0.09-acre lot and is zoned for commercial use. Originally built in 1935, the building underwent a complete renovation in 2020, ensuring modern amenities and functionality. The asking price is $475,000, translating to $260.42 per square foot. The strong financial performance is evident in the impressive Net Operating Income (NOI) of $59,898, resulting in a compelling 12.61% capitalization rate. This turnkey operation includes all equipment and is offered as a single-tenancy, owner-user investment. The sale includes both the real estate and the established laundromat business, providing a rare opportunity to acquire a profitable, well-maintained asset in a desirable location. This is an ideal investment for those seeking a stable, high-return property with immediate cash flow. The property's location in Lake Mills, Wisconsin, offers a strong local market and potential for continued growth.

Highlights

  • Thriving laundromat business with underlying real estate in Lake Mills, WI.
  • 1,824 sq ft single-story storefront on a 0.09-acre lot at 109 S Main St.
  • Completely renovated in 2020, offering modern amenities.
  • Asking price: $475,000 ($260.42/sq ft), with a strong NOI of $59,898 and a 12.61% cap rate.
  • Turnkey operation including all equipment; owner-user investment opportunity.

Property Details for 109 Main St

Property type
Other retail properties, Individual retail properties
Square Feet
1,824 SF
Year Built/Renovated
1935/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
3,920 SF

Location Insight

City
Lake Mills
County
Jefferson
State
Wisconsin
Latitude
43.079453
Longitude
-88.9129257
109 Main St, Lake Mills, Wisconsin

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
109 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message