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$315,000

0 Beds 3 Baths 3,907 SQFT 0.45 Acres
Type: Commercial

215 Lake Avenue E
Ladysmith, WI 54848

MLS#: 6815874
Laura Flicek
Laura Flicek
The Real Estate Advantage
Agent
Phone: 651.380.4755
Office: 952.253.5600
Presented by: Keller Williams Realty Diversified

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.


 

Interior Features

Bedrooms

Total Bedrooms0

Bathrooms

Total Baths3

Other Interior Features

BasementNone
Basement (Y/N)No
Foundation Dimensions24x38/44x42/30x38
FuelNatural Gas
Waterfront Feet120

General

AccessibilityNo Stairs External, No Stairs Internal
Additional Parcels Y/NNo
CityLadysmith
ContingencyNone
CoolingCentral Air
CountyRusk
Current UseLaundromat, Office, Professional Service
DirectionsLake Avenue East (Hwy 8). Property is on the corner of Lake Ave E and Hwy 8, near the flowage.
Garage Spaces0
HeatingBaseboard, Forced Air
High School DistrictLadysmith-Hawkins
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total3
PostalCityLadysmith
Property TypeCommercial Sale
SewerCity Sewer - In Street
Standard StatusActive
Subdivision NameMenasha Woodenware Cos 1st Add
Tax Annual Amount$8,758
Tax Year2025
UtilitiesElectric Separate
ViewRiver
Virtual TourClick here
Waterfront FeaturesOther, River Front
Year Built2007
Zoning DescriptionBusiness/Commercial

Exterior

Building Area Total3,907 sqft
Foundation Area3,907 sqft
InclusionsBuilding
Lot Dimensions100x160x120x163
Lot Size Area0 sqft
Parking FeaturesParking Lot, Paved Lot, Unassigned
Road Frontage TypeState Road
Road ResponsibilityPublic Maintained Road
Water SourceCity Water - In Street
Waterfront Y/NYes

Additional Details

Price History

Schools 

Middle School N/A
High School N/A
Elementary School N/A

  

Similar Properties

$315,000

0 Beds 3 Baths 3,907 SQFT 0.45 Acres
Type: Commercial

215 Lake Avenue E
Ladysmith, WI 54848

MLS#: 6815874
Laura Flicek
Laura Flicek
The Real Estate Advantage
Agent
Phone: 651.380.4755
Office: 952.253.5600