About 215 Lake Avenue E
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.
Features of 215 Lake Avenue E
| MLS® # | 6815874 |
|---|---|
| Price | $365,000 |
| Bathrooms | 3.00 |
| Acres | 0.45 |
| Year Built | 2007 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 215 Lake Avenue E |
|---|---|
| Subdivision | Menasha Woodenware Cos 1st Add |
| City | Ladysmith |
| County | Rusk |
| State | WI |
| Zip Code | 54848 |
Amenities
| Utilities | Electric Separate |
|---|---|
| Parking | Parking Lot, Paved Lot, Unassigned |
| View | River |
| Is Waterfront | Yes |
| Waterfront | Other, River Front |
| Has Pool | No |
Interior
| Heating | Baseboard, Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Exterior Features | Log Siding, Wood |
|---|
School Information
| District | Ladysmith-Hawkins |
|---|
Additional Information
| Days on Market | 312 |
|---|---|
| Zoning | Business/Commercial |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Keller Williams Realty Diversified |
|---|