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Dave Corban

wi.broker@exprealty.net +1(866) 848-6990

Listed by Keller Williams Realty Diversified

$ 365,000

Est. payment -/mo

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Active

215 Lake Avenue Ladysmith, WI 54848

3,907 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,907 sqft

Price per Sqft $93

Municipality LADYSMITH

MLS Listing ID 1596548

Year Built 2007

Annual Tax Amount $7,907

Tax Year 2024

Lot Size 0.450 Acres

Property Description

Prime investment opportunity on Ladysmith?s main corridor! Positioned on the high-visibility corner of Lake Avenue East and Highway 8, this zero-entry, slab-on-grade commercial building offers unmatched exposure, consistent vehicle traffic, and even uncapitalized views of the Flowage with your own frontage. The building features three fully leased units ready to add to your investment portfolio! The west unit is home to a long-standing nail salon tenant, leased through September of 2028. The middle unit is leased through September 2026 and operating as a 24-hour laundromat and the laundry equipment is included! This lease also includes full use of the adjacent office space (the east unit) and all on-site commercial laundry equipment; maintained by the tenant. Offering a solid tenant mix, stable income, flexible-use layout, and high-traffic corner placement, this is a rare chance to acquire a turn-key income-producing asset in a growing Northwoods community.

Location

State WI

County Rusk

Zoning Commercial,Shoreline

Body of Water Flambeau

Rooms

Basement None / Slab, Poured Concrete

Interior

Heating Natural Gas

Cooling Central Air, Other, Baseboard, Forced Air

Exterior

Waterfront Description 101-199 feet,Flowage,Waterfrontage on Lot

Water Access Desc 101-199 feet,Flowage,Waterfrontage on Lot

Building

Dwelling Type 4-Season

Sewer Municipal Sewer, Municipal Water

Structure Type Log,Wood

New Construction N

Schools

School District Ladysmith

Others

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Dave Corban

Broker

+1(866) 848-6990

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