121 N Water Street, Albany, WI 53502
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121 N Water Street, Albany, WI 53502
121 N Water Street, Albany, WI 53502
121 N Water Street, Albany, WI 53502
121 N Water Street, Albany, WI 53502
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Tim Krueger

Tim Krueger

+1(608) 206-5850
Listed by ALTUS Commercial Real Estate, Inc.
$ 399,000
Est. payment /mo
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121 N Water Street Albany, WI 53502

2,305 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail,Motel/Hotel/Bed & Brkfst

Listing Status Active

Purchase Type For Sale

Square Footage 2,305 sqft

Price per Sqft $173

MLS Listing ID 2028813

Annual Tax Amount $1,372

Tax Year 2025

Lot Size 2,831 Sqft

Acres 0.065

Property Sub-Type Retail,Motel/Hotel/Bed & Brkfst

Property 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.

Location

State WI

County Green

Area Albany - V

Zoning comm

Direction Turn North off of Hwy 59 on to Water St. The building is the last one on the North West side of Water St.

Rooms

Basement Full, Walkout/Outside entrance

Interior

Heating Forced air, Central air

Cooling Forced air, Central air

Inclusions Everything in the AIR BNB.

Exterior

Parking Features Street Parking

Roof Type Other

Building

Story 1

Water Municipal sewer, Municipal water

Structure Type Brick

Others

SqFt Source Other

Energy Description Natural gas

South Central Wisconsin MLS (SCWMLS)
This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved

NEARBY SCHOOLS & PROPERTIES

Tim Krueger

Tim Krueger

Managing Broker | Owner

+1(608) 206-5850

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121 N Water Street