$399,000
121 N Water Street, Albany, WI 53502
Description
Mixed use investment opportunity in the heart of downtown Albany, Wisconsin. This well maintained and extensively updated building features two income producing units in a highly desirable location along the Sugar River. The commercial space is occupied by an established hemp shop under a long-term 5 year lease, providing stable rental income. The second unit is a fully furnished 2 bedroom, 2 bath Airbnb overlooking the Sugar River and Albany Dam, offering guests stunning water views and a unique destination experience. The residential unit includes in unit laundry and is being offered fully furnished for a seamless transition to new ownership. The property has benefited from numerous capital improvements, including new floor joists and support beams throughout the building, extensive exterior tuckpointing, and separate central forced air HVAC systems for each unit. Additional features include a full basement with approximately 10.5' ceilings and walkout access to the river.
Property Details
Interior
- Full, Walk Out/Outer Door
- Forced Air, Central Air
- Natural Gas
- Total Sqft: 2,305
- Lot Sqft Source: Other - See Remarks
- Estimated Sqft Range: 2001-2500
Exterior
- Other
- Municipal Water, Municipal Sewer
Misc.
- N
- N
- Code: 53502
- Y
- Direction Prefix: N
- Name: Water Street
- Suffix: STREET
- 2025
- comm
Map
- Turn North off of Hwy 59 on to Water St. The building is the last one on the North West side of Water St.
Monthly Payment Calculator
Schools and Neighborhood
- Albany
- Name: ALBANY
- Type: Village
- GREEN
Market Comparison
How this property compares to local market averages — calculated 8/6/2026
Listing Information
- Time on Market: 12 days
- Place Perfect Last Updated: 2026-07-25 11:29:41
- MLS Number: 2028813
- Subsystem Locale: WIREX_SCW
- Listing Office: ALTUS Commercial Real Estate, Inc.
- Listing Agent: Carson Brewer
Albany Commercial Properties
Explore commercial properties in Albany, Wisconsin
This information is provided by WIREX via the REALTORS Association of Northeast Wisconsin multiple listing service and is exclusively for consumers’ personal, non-commercial use. Information is deemed reliable but not guaranteed.
© 2026 WIREX-Wisconsin Real Estate Exchange – All Rights Reserved