$489,000
11585 E Railroad St Lake Nebagamon, WI 54849
Active Contingent MLS# 6116334
1,624 sq ft Commercial
Details for 11585 E Railroad St
MLS# 6116334
Description for 11585 E Railroad St, Lake Nebagamon, WI, 54849
This beautifully renovated property offers an incredible investment opportunity on 1.84 acres in the Village of Lake Nebagamon This property is perfect for entrepreneurs seeking steady revenue generation. At its core is an immaculate 2-bedroom, 2-bath home featuring a gorgeous custom kitchen with new GE Profile appliances, abundant cabinetry, and very attractive countertops. The home also boasts new energy-efficient lighting and a combination boiler and water heater that utilizes convenient natural gas, and there is a mini-split A/C and heat pump to keep you comfortable. The lower level includes a spacious family room with in-floor heat that is ideal for various uses, and the beautiful second bathroom. You’ll appreciate the meticulous attention to detail and quality craftsmanship throughout the renovation. The property also includes an updated laundromat business, which has undergone a substantial facelift with new equipment, energy-efficient lighting, an updated restroom, and a sophisticated camera system for added security. The modern mechanical systems supporting the laundromat are in excellent condition, making the business truly turnkey. Additionally, the property features a two-bay self-serve car wash with in-floor heating to reduce operating costs. A 60 x 28-foot, 5-bay garage offers additional leasable storage space, with ample land available for expansion if desired. An additional 0.57-acre parcel, zoned R1, is included and would be suitable for building another home. Whether you’re looking for a great income opportunity, want to operate a successful home business, or wish to expand your portfolio of vacation rentals, this property is sure to exceed your expectations. The property is located a short walk to the public beach on Lake Nebagamon and the businesses that support the local population that include a bank, grocery store, restaurants, ice cream shops, and two taverns. Railroad Street is also a part of the popular recreational vehicle trail network in Douglas County.
Listing Information
Property Type: Commercial
Status: CONT OFFER ACCEPTED (WI)
Bathrooms: 1
Lot Size: 2.38 Acres
Square Feet: 1,624 sq ft
Year Built: 1900
Construction: Frame/Wood
Number Of Units Total: 1
County: Douglas
Room Information
Bathrooms
3/4 Baths: 1
Utilities
Water: Private
Sewer: City
Cooling: Ductless Mini Split
Heating: Hot Water
Exterior / Lot Features
Exterior: Concrete Block, Wood
Roof: Composite
Lot Dimensions: 235x198x297x367 + 281x212x433
Unit Information
Unit 1 Baths Total: 2
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 6
Unit 2 Baths Total: 1
Unit 2 Rooms Total: 3
Unit 3 Rooms Total: 2
Driving Directions
From County Rd B to County Rd F. North on F one Block.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: LN-146-00444-00 and LN-146-00389-00
Tax Amount: 3275
Tax Year: 2023
Price Changes
| Date | Price | Change |
|---|---|---|
| 09/27/2024 04.29 PM | $489,000 |
A broker reciprocity listing courtesy: RE/MAX Results - Steve Germond
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Duluth Area Association of REALTORS® MLS. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Duluth Area Association of REALTORS® MLS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Sales History & Tax Summary for 11585 E Railroad St
Sales History
| Date | Price | Change |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.
Schools
Schools nearby 11585 E Railroad St
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Data powered by ATTOM Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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