Bought with The Lang Group
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109 S Main Street Lake Mills, WI 53551
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Key Details
Sold Price $445,000
Property Type Commercial
Sub Type Retail,Beauty/barber,Other
Listing Status Sold
Purchase Type For Sale
Square Footage 1,824 sqft
Price per Sqft $243
MLS Listing ID 1988160
Year Built 1935
Annual Tax Amount $3,035
Tax Year 2024
Lot Size 3,920 Sqft
Property Sub-Type Retail,Beauty/barber,Other
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
Area Lake Mills - C
Zoning commercial
Interior
Heating Forced air, Central air
Cooling Forced air, Central air
Exterior
Parking Features 6-10 spaces, Onsite, Paved
Roof Type Rubber/membrane
Building
Story 1
Water Municipal water, Municipal sewer
Structure Type Brick
Others
Acceptable Financing Seller may assist
Listing Terms Seller may assist
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This information, provided by seller, listing broker, and other parties, may not have been verified.
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