215 Lake Avenue, Ladysmith, WI 54848
215 Lake Avenue, Ladysmith, WI 54848,Video Tour
215 Lake Avenue, Ladysmith, WI 54848
46
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$365,000
Est. payment /mo
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3 Baths
0.45 Acres Lot
Active

215 Lake Avenue Ladysmith, WI 54848

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Daniel Bertelson

Daniel Bertelson

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Key Details

Property Type Commercial

Sub Type Laundromat/Dry Clean,Office(s)

Listing Status Active

Purchase Type For Sale

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 Sub-Type Laundromat/Dry Clean,Office(s)

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

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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Daniel Bertelson

Daniel Bertelson

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215 Lake Avenue