For Sale: Ladysmith MLS# 6815874
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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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$399,900
Property Type:
Commercial
City:
Ladysmith
Garage Spaces:
0
County:
Rusk
Year Built:
2007
State:
WI
Property Style:
1 Story
Zip Code:
54848
Subdivision Name:
Menasha Woodenware Cos 1st Add
Interior
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
0
Other Parking Spaces:
10
Air Conditioning:
Central Air
Foundation Size:
3,907 ft2
Foundation Dimensions:
24x38/44x42/30x38
Handicap Accessible:
No Stairs External, No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Parking Lot
- Paved
- Unassigned
Road Frontage:
State Road
Exterior Material:
- Log Siding
- Wood Siding
Lake & Waterfront
Waterfront Present:
Y
Waterfront Name:
Ladysmith Flowage (600091638)
Waterfront View:
River
DNR Lake ID#:
600091638
WF Frontage:
120
Elev Highpt to WF feet:
40+
Waterfront Slope:
Steep
Lake Chain Name:
N
Lake Acres:
268
Lake Depth:
19
Waterfront:
- Other
- River Front
Lake Bottom:
Undeveloped
Lot & Land
Acres:
0.45
Geolocation:
45.46554, -91.098807
Inclusions:
Building
Lot Dimensions:
100 x 160 x 120 x 163
Zoning:
Business/Commercial
Schools
School District:
W2856
District Phone:
715-532-5277
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,908
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,908
Units
Total Units:
3
Miscellaneous
Current Use:
- Laundromat
- Office
- Professional Service
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Available Utilities:
Electric Separate
Water System:
City Water - In Street
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Realty Diversified.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.