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The Mayor, City Council members, and the Lake Mills Chamber Development Corporation work closely with new and existing businesses to access local and state/federal incentives. The Community prides itself on the high quality of companies that have located here as a result of an industrious labor force, excellent municipal facilities, equitable tax structure, and a quality environment for businesses.
Lake Mills is strategically located 10 miles west of Interstate 35/Avenue of the Saints, 18 miles south of Interstate 90 and approximately 2 hours from both Des Moines and Minneapolis/St. Paul.

Incentives available to new and existing businesses include:

  • Property Tax Abatement
  • Tax Increment Financing (TIF)
  • 0% to low interest Revolving Loan Fund programs from both the City of Lake Mills and the Lake Mills Chamber Development Coporation
  • Enterprise Zone Incentives
  • Small Business Administration Loans, including SBA 504 loan program
  • Job training and assistance programs
  • Various state incentives
  • Industrial building sites

Lake Mills Chamber Development Corporation To offer $1,000 Finderís Fee

The Lake Mills Chamber Development Corporation is offering a $1,000 Finderís Fee to anyone that helps bring in a new business to the City. The Finderís Fee is simple. If a person can provide the Lake Mills Chamber Development Corporation with the name of a company that is interested in establishing a new business in Lake Mills, they could receive $1,000 for their efforts.
If the business name provided, establishes a business in Lake Mills that employs at least 10 people, pays an average starting wage of $10 per hour and makes a capital investment of at least $500,000, the person providing the name is eligible for the $1,000 Finderís Fee.

All eligible persons will receive a $1,000 check from the Lake Mills Chamber Development Corporation one-year from the start of operations of the new company. If more than one person provides us with the same contact name, the $1,000 will be divided equally among those individuals.

For additional information and incentives available, please contact the Lake Mills Chamber Development Corporation at 641-592-5253 or via e-mail at: This incentive is made possible through a marketing grant received from the Winnebago County Community Foundation.

Click here for more information on available Buildings and Sites.

Available buildings:
North Plant - Owned by City of Lake Mills

806 N Lake
Lake Mills, IA 50450
For sale or lease.
  • Lease rate: $2.75/sq. ft. triple net lease price
  • Purchase Price - $1,250,000
  • Incentives based on wages paid and # of jobs created


  • 100,999 square foot
  • Fully air-conditioned
  • 6 acres of land with potential of additional 2 acres north of the existing building
  • Insulated metal building built in 1975
  • Upgraded high-efficiency fluorescent lighting
  • 4-5 docks, south facing, 1 drive in door and interior ramp
  • Heavy power / 4000A; 480/277 Volt; 3 phase; Buss Duct Distributed
  • Utilities come into the building on southwest corner
  • Sprinkler-wet with diesel pump and loop hydrant system
  • 24' side wall; 28' to ceiling beam. Utility infrastructure located below beam
  • Reinforced concrete floors - 6" with wire mesh
  • Compressed air-lines
  • 40'-50' column spacing
  • Roof - Garland Multilayer Builtup +5 years old
  • Parking for 150
  • Located in Enterprise Zone
  • Zoned Heavy Industrial
Building A #1

Building A #2

Building B

7,200 sq. foot building one block north of Main Street. located on .31 acres with a parking lot to the south, street parking in the front and a City parking lot directly east across the street. The building has 60 feet of window frontage and 2 basement areas that have currently been closed off but could be reopened if there was a need.

For sale by contacting: Realtor Jan Berg at 515-778-6096

Building B

Lake Mills Chamber Development Corporation
203 North First Avenue West
P.O. Box 182
Lake Mills, IA 50450
Phone: 641-592-5253
Executive Director: Marilyn Hoffman

City of Lake Mills
City Hall
105 West Main
Lake Mills, IA 50450
Phone: 641-592-3251
Mayor: David Steffens, Sr
City Clerk: Sheryl Bell