




2,305 sqft
$399,000
121 N Water Street, Albany WI, 53502
Price per sqft$173.10
Property size2,305 sqft
Property typeCommercial
Courtesy of ALTUS Commercial Real Estate, Inc., Carson Brewer
Overview
Active
Listed Jul 24, 2026
Updated Jul 26
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.
Other Property Details
- Taxes
- $1,372
- Tax Frequency
- Annually
- 55+/Senior Community
- No
Courtesy of ALTUS Commercial Real Estate, Inc., Carson Brewer
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by the seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data Source: ©2026 WiREx - All Rights Reserved
Data last updated 4:51 AM UTC, 7/26/2026