Contact Bunbury at (608) 441-7777 or
[email protected] for more information about this property.

215 Lake Avenue,  Ladysmith,  WI  54848 $365,000 Active
215 Lake Avenue,  Ladysmith,  WI  54848
$365,000
Active
More Photos
 Property Type Business/Commercial
 Parcel # 246-02310-0000
 County Rusk
 Sub Area
 Municipality
 MLS# 1596548
 Listing Date 11/14/2025

MLS Public 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.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Ladysmith
  • C/T/V  City
  • Unit #  
  • Directions  Lake Avenue East (hwy 8). Property Is On The Corner Of Lake Ave E And Hwy 8, Near The Flowage.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Y
  • Business for sale  
  • For lease only  
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  0
  • Building Gross SqFt  3,907
  • Net Leasable SqFt  0
  • Year Built  2007
  • Source for Year Built  ACTIVE
  • Approx Bldg Dimen  
  • Street Frontage  0
  • Parking Fees/Mo.  $0
  • Onsite Parking  
  • # of Stories  0
  • Ceiling Height Min  0
  • Ceiling Height Max  0
  • Number of Loading Docks  0
  • Zoning  Commercial,Shor
  • Est. Total Acres  0.0
  • Source Of Est Acres  
  • Lot Dimensions  
  • Owner  
  • Tradename  Nail Salon/Laundry/Office
    • ASSESSMENT & TAXES  
  • Land Assessment  $0
  • Assessment Year  0
  • Net Taxes  $7,907
  • Tax Year  2024
  • Improvements  $0
  • Total Assessment  $0
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 - 0 0 $0 $0 $0 0
    2 - Ladysmith 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Baseboard, Central Air, Forced Air, Other
  • Water/Waste  Municipal Sewer, Municipal Water
  • Basement  None / Slab, Poured Concrete
  • Fuel  
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type  4-Season
  • Exterior Treatment  Log, Wood
  • Building Parking  
  • Roofing  
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  
  • Tenant Pays  
  • Present Use  
  • Licenses  
  • Lease Type  
  • Occupied by  Tenant Occupied, Varied/MultiTenant
  • Sale Includes  
  • Features  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Keller Williams Realty Diversified