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Listed by Joshua Amys • Keller Williams Realty Diversified
$ 399,900
Est. payment /mo
New
215 Lake Avenue Ladysmith, WI 54848
3 Baths
0.45 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Municipality LADYSMITH
Subdivision Menasha Woodenware Cos 1St Add
MLS Listing ID 6815874
Year Built 2007
Annual Tax Amount $7,907
Tax Year 2024
Lot Size 0.450 Acres
Acres 0.45
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 Business/Commercial
Lake Name Ladysmith Flowage (600091638)
Rooms
Basement None
Interior
Heating Natural Gas
Cooling Central Air, Baseboard, Forced Air
Exterior
Exterior Feature Log, Wood
Garage Spaces 10.0
Parking On Site 10
Waterfront Description River
Building
Dwelling Type 1 Story
Sewer Sewer(In Street)
New Construction N
Schools
School District Ladysmith-Hawkins
Others
Acceptable Financing Other
Listing Terms Other
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