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Listed by Joshua Amys • Keller Williams Realty Diversified
$ 399,900
Est. payment | /mo
3,907 SqFt
$ 399,900
Est. payment | /mo
3,907 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,907 sqft
Price per Sqft $102
MLS Listing ID 1596548
HOA Y/N No
Abv Grd Liv Area 3,907
Year Built 2007
Annual Tax Amount $7,907
Tax Year 2024
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Commercial
Property Description
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
State WI
County Rusk
Rooms
Basement None
Interior
Heating Baseboard, Forced Air
Cooling Central Air, Other, See Remarks
Fireplace No
Exterior
Water Access Desc Public
Accessibility Accessibility Features, Other, Accessible Entrance
Building
Foundation Poured
Sewer Public Sewer
Water Public
Schools
School District Ladysmith
Others
Tax ID 246-02310-0000
Virtual Tour https://sites.listvt.com/mls/221919141
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