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211 W Main Street Lake Mills, IA 50450 Commercial - Retail

  • 211 W Main Street, Lake Mills, IA 50450 Main Photo

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Description

Welcome to this remarkable investment opportunity in the heart of Lake Mills! This stunning, fully remodeled building is ready for new owners to bring their vision to life. Originally gutted and modernized in 2017, the property features all-new electrical and plumbing, stylish flooring, and a contemporary design that perfectly complements its vibrant location. Property Features: -Expansive glass front façade providing abundant natural light and great views of downtown. -A spacious, open layout optimized for comfort and functionality. -A main bar with seating for up to 20 patrons, plus a chic secondary bar accommodating an additional 16 guests. -Tables and chairs to enhance your seating options. -2 restrooms along with a convenient rear entrance. -An office area situated at the back. -4 furnaces and 2 AC units Lower Level Potential: The building features an unfinished lower level with a separate entrance from the back alley, allowing for versatile use. This area includes a roll-up door for seamless loading and unloading of products or materials, ideal for a variety of business operations. This property is ready for your entrepreneurial dreams! Whether you envision a bustling restaurant, a trendy coffee shop, retail storefront, or spacious office environment, the possibilities are truly endless. Bring your creativity and business ideas to Main Street today. *Brewery equipment available at additional cost or will be removed prior to closing*

Property Highlights

Property Type: Commercial - Retail
Year Built: 1962

General Information

County: Winnebago
Subdivision: AUD RES CD SMITHS E1-2 SW SW 2
Listed By:
Realty ONE Group Black Diamond 641-592-2665
No Coast MLS
$92,000
Est. $658/mo
Active
SQUARE FEET3,840 MLS#6334438
STATUS PROPERTY TYPECommercial - Retail SUBDIVISIONAUD RES CD SMITHS E1-2 SW SW 2

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211 W Main Street, Lake Mills, IA 50450.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $92,000$92,000$92,000
Down Payment $18,400$3,220$23,000
Monthly Mortgage Amount $430$520$559
Taxes $128$128$128
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$40$0
Monthly Estimated Total $658$788$787

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