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About the Listing 29253 - 226502584
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 Highlights
Interior Details
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central Air
- Heating: Baseboard,Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: City Water - In Street
Exterior Details
- Lot Description: River Front,Waterfront
- Garage Capacity: N/A
- Lot Dimensions: 100x160x120x163
- Zoning: Business/Commercial
- Roof:
- Others:
- Sewer: City Sewer - In Street
- Parking Features: Parking Lot,Paved Lot,Unassigned
Financial Details
- Tax Amount: $7,908
- Taxes w/Assessments: N/A
- Tax/Property ID: 246023100000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
215 Lake Ave E Ladysmith, WI 54848
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