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(715) 597-3187

Wisconsin Property for Sale

215 Lake Avenue E

Ladysmith, WI 54848

$365,000

MLS #: 1596548 | Status: Active

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3,907
SQ. FT.

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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James Franks

Badger State Realty

(715) 597-3187

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Details

2024 Taxes:	$7,907
County:	Rusk
Possession:	Subject To Tenant Rights
Possible Use:	Office, Retail
Property Subtype:	Commercial
School District:	Ladysmith

Status:	Active
Township:	City of Ladysmith
Year Built:	2007
Zoning:	Commercial, Shoreline
Listing Office:	Keller Williams Realty Diversified
Last Updated:	April 16th @ 8:14 AM

Interior

Above Grade Finished Area:	3,907 SqFt
Accessibility Features:	Accessibility Features, Other, Accessible Entrance
Building Area Total:	3,907 SqFt
Cooling:	Central Air, Other, See Remarks

Foundation:	Poured
Heating:	Baseboard, Forced Air
Living Area:	3,907 SqFt

Exterior

Building Features:	Private Restrooms
Construction:	Log, Wood Siding
Lake/River Name:	Flambeau
Lot Size:	0.45 Acres
Road Surface:	Asphalt

Road Type:	City Street, Highway
Sewer:	Public Sewer
Water Source:	Public
Waterfront Length:	120 Ft

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Data relating to real estate for sale on this website comes in part from the IDX program of the NW WI MLS. Information provided by NW WI MLS is compiled from third-party sources. The information is deemed reliable, but cannot be guaranteed. Neither NW WI MLS, the listing broker, or its agents or subagents are responsible for its accuracy.

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 on a regular basis. However, some properties which appear for sale on this site may subsequently have been sold and may no longer be available. This data is current as of May 23rd, 2026 at 12:00 PM.