215 Lake Avenue E, Ladysmith, WI 54848
sale
$399,900
|
Other
Courtesy Of Central WI Real Estate Holdings, LLC
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.
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Property Features
- Age: 11-20 Years Old
- Amenities: Disabled Access
- Amenities: Water Front
- Cooling System: Central Air
- Exterior Type: WoodSiding
- Exterior Type: Log
- Heating System: Baseboard
- Heating System: Forced Air
- Legal Description: MENASHA WOODENWARE CO'S 1ST ADD LOT 33 & E 1/2 LOT 34 BLOCK 20 EX TRIANGULAR PARCEL IN SE CORNER OF LOT 33 DESC AS BEGINNING AT SE CORNER OF LOT 33;
- MLSID: 1596548
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