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$395,000 Just Listed
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Property Description
Position your business for long-term success with ownership of this versatile mixed-use commercial property in a desirable downtown location. Offering flexible zoning & functional layout, this property provides an excellent opportunity for an owner-occupant, investor, or entrepreneur looking to establish a strong presence in the heart of the community. Property is well suited for a variety of business models, professional offices, retail, service-based businesses, or a combination of uses. Multiple entrances provide flexibility accommodating multiple tenants, while handicap accessibility adds convenience for both customers & employees. Significant improvements with mechanical systems updated from the roof to the basement. Updates provide peace of mind without the immediate burden of major improvements. Private courtyard adds uncommon amenity to this commercial property & offers additional possibilities for employee use, outdoor meetings or enhancing the customers experience.
Full Property Details
Full Property Details for 106 Water St
General
- Price: $395,000
- Taxes: $3,520 (2025)
- Status: Active
- Type: Retail
- Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
- MLS ID: 2031287
- Updated: 8/26/2026
- Added to Site: 1 day(s) ago
Additional Information
- Other Features: High Speed Internet, Restroom(s), Public Restrooms, Private Restrooms, Inside Storage, Outside Storage
Parking
- Parking Features: Off-Site
Location
- Municipality: Lake Mills
- County: Jefferson
- Driving Directions: Hwy 89 (Main St) south of the city park to Water St.
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Forced Air, Central Air Conditioning
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
Structural Information
- Description/Design: Freestanding
- Basement Desc.: Partial, Walk-Out/Outer Door, Poured Concrete, Block
- Roof: Rubber/Membrane, Other
- Square Feet: 2,800
- Square Feet Range: 2501 to 3000
- Sq. Ft. Source: Other (See Remarks)
- Year Built: 1960
Unit Information
- Units in Building: 2
Lot Features
- Zoning: B-1 Downto
Water Features
- Water Front Desc.: Water Frontage on Lot
Financial Considerations
- Tax Amount: $3,520
- Tax Year: 2025
Disclosures and Reports
- Inclusions: Built-in cabinets
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Schools
Schools serving 106 Water St
School District:Lake Mills Area School District
| Name | Grades | Distance |
|---|---|---|
Lake Mills Middle School 318 College Street, Lake Mills, WI 53551 | 5-8 | 0.3 mi |
Lake Mills Elementary School 155 East Pine Street, Lake Mills, WI 53551 | PK-4 | 0.6 mi |
Lake Mills High School 615 Catlin Drive, Lake Mills, WI 53551 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 106 Water St
Date
Details
Price
Change
Source
8/26/2026
Listed
$395,000
137.95%
MLS
10/06/2022
Sold
$166,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 106 Water St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,890
95%
$234,200
150%
2024
$1,993
-2%
$93,700
—
2023
$2,036
5%
$93,700
—
2022
$1,946
2%
$93,700
—
2021
$1,908
4%
$93,700
—
2020
$1,833
-2%
$93,700
—
2019
$1,862
-14%
$93,700
-4%
2018
$2,172
1%
$97,300
—
2017
$2,145
-1%
$97,300
—
2016
$2,171
3%
$97,300
—
2015
$2,104
—
$97,300
—
2014
$2,113
-2%
$97,300
—
2013
$2,164
—
$97,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 106 Water St
106 Water Street, Lake Mills, WI 53551 (MLS# 2031287) is a Retail property. 106 Water Street is currently listed for $395,000 and was received on August 26, 2026. Want to learn more about 106 Water Street? Do you have questions about finding other Retail real estate for sale in Lake Mills? You can browse all Lake Mills real estate or contact a Coldwell Banker agent to request more information.

