$399,900
215 Lake Avenue E Ladysmith, WI 54848 - Ladysmith Flowage
For Sale MLS# 6815874
Other
Details for 215 Lake Avenue E
MLS# 6815874
Description for 215 Lake Avenue E, Ladysmith, WI, 54848 - Ladysmith Flowage
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.
Listing Information
Property Type: Commercial
Status: Active
Bathrooms: 3
Lot Size: 0.45 Acres
Square Feet: 3,907 sq ft
Year Built: 2007
Foundation: 3,907 sq ft
Stories: 1 Story
Subdivision: Menasha Woodenware Cos 1st Add
Number Of Units Total: 3
Current Use: Laundromat,Office,Professional Service
County: Rusk
Days On Market: 47
Construction Status: Previously Owned
School Information
District: 2856 - Ladysmith-Hawkins
Interior Features
Accessibility: No Stairs External, No Stairs Internal
Utilities
Water: City Water - In Street
Sewer: City Sewer - In Street
Other Utilities: Electric Separate
Cooling: Central
Heating: Natural Gas, Baseboard, Forced Air
Exterior / Lot Features
Open Parking: 10
Parking Description: Unassigned, Parking Lot, Paved Lot
Exterior: Log Siding, Wood
Lot View: River
Lot Dimensions: 100x160x120x163
Zoning: Business/Commercial
Additional Exterior/Lot Features: Land Inclusions - Building, Road Frontage - State
Waterfront Details
Standard Water Body: Ladysmith Flowage
DNR Lake ID: 600091638
Water Front Features: Other, River Front
Water Frontage Length: 120 Ft.
Lake Acres: 268
Lake Depth: 19 Ft.
Lake Bottom: Undeveloped
Waterfront Slope: Steep
Driving Directions
Lake Avenue East (Hwy 8). Property is on the corner of Lake Ave E and Hwy 8, near the flowage.
Financial Considerations
Tax/Property ID: 246023100000
Tax Amount: 7907.73
Tax Year: 2024
HomeStead Description: Non-Homesteaded
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 215 Lake Avenue E
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 215 Lake Avenue E
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Data powered by ATTOM Data Solutions. Copyright© 2025. 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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