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$ 399,900
Est. payment /mo
Active
215 Lake Avenue Ladysmith, WI 54848
3,907 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office(s),Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,907 sqft
Price per Sqft $102
MLS Listing ID 1596548
Year Built 2007
Annual Tax Amount $7,907
Tax Year 2024
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Office(s),Retail
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
Rooms
Basement None / Slab, Poured Concrete
Interior
Heating Natural Gas
Cooling Central Air, Other, Baseboard, Forced Air
Exterior
Exterior Feature Log, Wood
Building
Dwelling Type 4-Season
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Ladysmith
Others
Virtual Tour https://sites.listvt.com/mls/221919141
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Listed by Keller Williams Realty Diversified
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