215 Lake Avenue E, Ladysmith, WI 54848 (MLS# 6815874)

215 Lake Avenue E, Ladysmith, WI 54848

$315,000
Property Type: Commercial Baths: 3 Square Footage: 3,907 Lot Size (sq. ft.): 19,602 Status: Active
Current Price: $315,000 List Date: 11/14/2025 Last Modified: 10/14/2026

Overview

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 Details MLS# 6815874

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
10
Owner Occupied
No
Road Btwn WF & Home?
No
Waterfront Frontage
120
Waterfront YN
Yes
Year Built
2007
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3907
Lake/Waterfront Name
Ladysmith Flowage (600091638)
For Sale or Lease
For Sale
Acres
0.45
Lot Dimensions
100x160x120x163
Assessment Pending
No

Property Features

Accessible: No Stairs External; No Stairs Internal Air Conditioning: Central Air Basement: None CMU Style: Mixed Use Construction Status: Previously Owned Current Use: Laundromat; Office; Professional Service Elevation Highpoint to Waterfront Slope: Steep Exterior: Log Siding; Wood Foundation: Slab Fuel: Natural Gas Heating: Baseboard; Forced Air Lake Details: Undeveloped Lock Box Type: Combo On Site Utilities: Electric Separate Parking Characteristics: Parking Lot; Paved Lot; Unassigned Road Frontage: State Road Road Responsibility: Public Maintained Road Sewer: City Sewer - In Street Stories: One Water: City Water - In Street Waterfront Type: River Front; Other Waterfront View: River

Contract Information

Contingency
None
ListPrice
315000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
215
Street Name
Lake
Street Suffix
Avenue
Street Direction Suffix
E
Postal City
Ladysmith
County
Rusk
State
WI
Zip Code
54848
Complex/Dev/Subdivision
Menasha Woodenware Cos 1st Add

Assessments

Tax With Assessments
7907.73

Basement

Foundation Dimensions
24x38/44x42/30x38

More Information

Building Information

Building Finished SqFt
3907
Building SqFt
3907

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet
40+

Lake Details

Lake Acres
268
Lake Depth
19

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
06W
Section#
34
Township#
35N

Sale Options

Sale Includes
Building

Unit 1

Unit Number
Yes
Monthly Rent
1050
Half Baths
Yes
Total Bathrooms
Yes
Total Rooms
3
Level
Main Level
Unit Total SqFt
919
Leased?
Yes
Lease Expiration Date
2028-09-05

Unit 2

Half Baths
2
Lease Expiration Date
2026-09-30
Leased?
Yes
Level
Main Level
Monthly Rent
2200
Total Bathrooms
2
Total Rooms
4
Unit Number
2
Unit Total SqFt
2228

Unit 3

Lease Expiration Date
2026-09-30
Leased?
Yes
Level
Main Level
Monthly Rent
1000
Total Rooms
2
Unit Number
3
Unit Total SqFt
772

Unit Details

Total Units
3
IDX
Listing Office: Keller Williams Realty Diversified
Last Updated: October - 14 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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