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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

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