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$325,000 Just Listed
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Property Description
Welcome to this versatile 3-bedroom, 2-bath property ideally located just minutes from the heart of downtown Lake Mills. Offering a unique opportunity, this property provides potential for a variety of permitted uses?making it an excellent option for investors, small business owners, or owner-occupants looking for added flexibility. Inside, you?ll find a functional layout with comfortable living spaces and plenty of natural light throughout. This provides ample space for everyday living, work-from-home needs, or future tenants. The B-2 zoning opens the door to a range of possibilities (buyer to verify with municipality), making this property stand out from others in the area. Whether you're looking to establish a business presence, expand your investment portfolio, or simply secure a home in a desirable location, this property offers flexibility to fit a variety of goals.
Full Property Details
Full Property Details for 721 Madison St
General
- Price: $325,000
- Taxes: $3,985 (2025)
- Status: Active
- Type: Single Family
- Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
- MLS ID: 2022565
- Updated: 5/6/2026
- Added to Site: 2 day(s) ago
Interior
- Appliances: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Bathroom: Master Bedroom Bath: Full, Master Bedroom Bath
Bedrooms
- Total Bedrooms: 3
- Primary Bedroom: 20 x 10, Main
- Bedroom 2: 11 x 10, Main
- Bedroom 3: 12 x 10, Main
Other Rooms
- Living Room: 23 x 14, Main
- Kitchen: 9 x 10, Main
Exterior
- Exterior Features: Deck
Parking
- Garage: Yes
- Garage Spaces: 1
- Garage Description: 1 Car
Location
- Municipality: Lake Mills
- County: Jefferson
- Driving Directions: Google Maps
School Information
- School District: Lake Mills
- Elementary School: Lake Mills
- Middle School: Lake Mills
- High School: Lake Mills
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Forced Air, Central Air Conditioning
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
Structural Information
- Architectural Style: Ranch
- Description/Design: 1 Story
- Exterior Const.: Brick
- Basement Desc.: Full
- Square Feet: 1,456
- Square Feet Range: 1251 to 1500
- Sq. Ft. Source: Other (See Remarks)
- Year Built: 1960
Lot Features
- Lot Size Source: Other (See Remarks)
- Zoning: B-2
Financial Considerations
- Tax Amount: $3,985
- Tax Year: 2025
Disclosures and Reports
- Exclusions: The seller?s personal property.
- Inclusions: Refrigerator, Oven/Range, Dishwasher, Water Softener, Washer, Dryer
Listed by Shine Realty
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Schools
Schools serving 721 Madison St
School District:Lake Mills Area School District
| Name | Grades | Distance |
|---|---|---|
Lake Mills Middle School 318 College Street, Lake Mills, WI 53551 | 5-8 | 0.4 mi |
Lake Mills Elementary School 155 East Pine Street, Lake Mills, WI 53551 | PK-4 | 0.5 mi |
Lake Mills High School 615 Catlin Drive, Lake Mills, WI 53551 | 9-12 | 1.2 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 721 Madison St
Date
Details
Price
Change
Source
5/06/2026
Listed
$325,000
—
MLS
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 721 Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,395
14%
$264,600
49%
2024
$3,846
-2%
$178,000
—
2023
$3,932
5%
$178,000
—
2022
$3,754
2%
$178,000
—
2021
$3,681
4%
$178,000
—
2020
$3,536
-2%
$178,000
—
2019
$3,597
3%
$178,000
15%
2018
$3,484
1%
$154,400
—
2017
$3,442
-1%
$154,400
—
2016
$3,485
3%
$154,400
—
2015
$3,378
—
$154,400
—
2014
$3,392
13%
$154,400
17%
2013
$2,990
—
$131,800
—
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 721 Madison St
721 Madison Street, Lake Mills, WI 53551 (MLS# 2022565) is a Single Family property with 3 bedrooms and 2 full bathrooms. 721 Madison Street is currently listed for $325,000 and was received on May 06, 2026. Want to learn more about 721 Madison Street? Do you have questions about finding other Single Family 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.

