$490,000
408 W Lake Street, Lake Mills, WI 53551
Description
This is a rare find! Lake Mills waterfront property on an oversized lot with an unbeatable location. Situated on the Mill Pond, with direct access to Rock Lake and just a couple of blocks from downtown Lake Mills & Bartels Beach. Currently operating as a 3-unit rental, with the vacant unit being recently updated. You can move right in and have renters pay your mortgage while you enjoy the prime location, convenience, & peaceful scenery. The right renovation could transform this into a stunning waterfront single-family home. Spacious, unique, & in a location you simply can't replicate. Whether you're looking to grow your portfolio or create your dream home on the water, this one deserves a closer look. Also listed as Multi-family MLS #2025197
Property Details
Interior
- Range/Oven, Refrigerator
- Full, Walk Out/Outer Door
- Full Baths: 3
- Bath Descriptions: At least 1 Tub,No Master Bedroom Bath
- Forced Air, Multiple Units
- Natural Gas
- Walk-in closet(s), Cable/Satellite Available, High Speed Internet
- Total Sqft: 2,410
- Lot Sqft Source: Assessor/Public Record
- Estimated Sqft Range: 2001-2500
Rooms
| Room | Basement Level | Lower Level | Main Level | Upper Level |
|---|---|---|---|---|
| Master Bedroom | 15x14 | |||
| Bedroom 2 | 13x13 | |||
| Bedroom 3 | 15x8 | |||
| Den/Office | 14x9 | |||
| Dining Room | 14x8 | |||
| Kitchen | 13x17 | |||
| Living Room | 14x11 | |||
| Second Kitchen | 10x12 |
Exterior
- Source: Assessor/Public Record
- Aluminum/Steel
- Deck
- Details: None
- Description: Sidewalks
- Other
- Body of Water: Rock-Mill Pond
- Features: Waterfrontage on Lot, Lake, Dock/Pier, Pond
- Waterfront: Y
- Municipal Water, Municipal Sewer
Misc.
- N
- Code: 53551
- Zip+4: 1519
- Direction Prefix: W
- Name: Lake Street
- Suffix: STREET
- 2025
- Res
Map
- I94 to Lake Mills, S on Hwy 89 (Main St), to right on West Lake St
Monthly Payment Calculator
Schools and Neighborhood
- Lake Mills
- Lake Mills
- Lake Mills
- Lake Mills
- Lake Mills
- Name: LAKE MILLS
- Type: City
- JEFFERSON
Market Comparison
How this property compares to local market averages — calculated 7/1/2026
Listing Information
- Time on Market: 17 days
- Place Perfect Last Updated: 2026-06-22 12:41:54
- MLS Number: 2025195
- Subsystem Locale: WIREX_SCW
- Listing Office: EXP Realty, LLC
- Listing Agent: Laura Staude Flood
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