Directions
Lake Avenue East (Hwy 8). Property is on the corner of Lake Ave E and Hwy 8, near the flowage.
Listing Agency
Keller Williams Realty Diversified
215 Lake Avenue E, Ladysmith, WI 54848
$399,900.00
MLS# 1596548
Remarks
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.
| Style | Commercial |
|---|---|
| Type | CommercialSale |
| Zoning | Commercial,Shoreline |
| Year Built | 2007 |
| School Dist | Ladysmith |
| County | Rusk |
| Lot Size | 100 x 160 x 120 x 163 |
| Acreage | 0.45 acres |
| Above Grd | 3,907 sq ft |
|---|---|
| Below Grd | — |
| Tax $ / Year | $7,908 / 2024 |
Includes
N/A
Excludes
N/A
| Roads | CityStreet,Highway |
|---|
| Basement | None |
|---|---|
| Cooling | CentralAir,Other,SeeRemarks |
| Exterior Features | Log,WoodSiding |
| Handicap Access | AccessibilityFeatures,Other,AccessibleEntrance |
| Heating | Baseboard,ForcedAir |
| Sewer Service | PublicSewer |
| Water Service | Public |
| Laundry | N |
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the NW WI MLS. Real estate listings held by brokerage firms other than Kaiser Realty are marked with the NW WI MLS icon. The information provided by the seller, listing broker, and other parties may not have been verified.
DISCLAIMER: This 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. This data is updated every business day. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. Information last updated 11/15/2025.
