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37-Unit Apartment Building with Retail
For Sale
$2,775,000

210 Main St W, Ashland, WI 54806

MULTI-FAMILY, Ashland, WI

Property Size35,078 SF
Lot Size0.48 Acres
Price / SF$79.11
Days on Market85

Property Features for 210 Main St W

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 36
Bathrooms 31
Full bathrooms 1
Rooms Bedroom 23, Bedroom 20, Bedroom 22, Bedroom 14, Bedroom 24, Bedroom 1, Bedroom 13, Bedroom 11, Bedroom 2, Bedroom 31, Basement, Bedroom 30, Bedroom 27, Bedroom 6, Bathroom 1, Bedroom 12, Bedroom 29, Bedroom 34, Bedroom 17, Bedroom 5, Bedroom 10, Bedroom 16, Bedroom 18, Bedroom 21, Bedroom 25, Bedroom 8, Bedroom 9, Bedroom 4, Bedroom 26, Bedroom 32, Bedroom 3, Bedroom 15, Bedroom 36, Bedroom 7, Bedroom 33, Bedroom 28, Bedroom 19, Bedroom 35
Parking features Driveway, Off Street
Elementary school district Ashland (WI) #170
Middle school district Ashland (WI) #170
High school district Ashland (WI) #170
Directions Traveling Northeast on Hwy 2, take a right onto 3rd Ave W, travel one block and take a left onto Main Street. Building will be on the right-hand side.
Subdivision LSAR
Standard status Active
APN 201-01657-0000
Size 35,078 SF
Lot size 0.48 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 11961

Utilities

Heating system Natural Gas, Electric (Heating), Forced Air, Steam, Baseboard

Amenities

coin-operated laundry

Building Details

Year built 1959
Floors in Building 3
Number of units 37
Roof type Flat, Rubber
Listing Agency: RE/MAX Results · RE/MAX International
Listed By: Aiden Bachand · License #9417094
Added: May 28 Changed: Aug 19 Last Checked: Aug 20 at 8:06PM
MLS# 6125572

Copyright © 2026 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 37-unit apartment building offers a mixed-use configuration with five commercial storefront spaces on the main level and 32 residential apartments above. The residential mix includes studio, 1-bedroom, and 2-bedroom units, and each apartment includes a private bathroom with no shared facilities. Coin-operated laundry facilities are located on each floor.

The property includes major exterior improvements with newer windows completed within the last 10 years. Built in 1959, it sits on a 0.48-acre lot and is listed at 35,078 square feet. Heating is provided by a combination of steam, baseboard, and forced air systems, with natural gas and electric (heating) noted. The roof is described as flat with rubber roofing, and parking features include a driveway and off-street parking.

For tenants and operators, the building’s split retail-and-residential layout can support daytime street presence at the storefront level while maintaining separate residential comfort on the upper floors.

Key Highlights

  • 37‑unit property with five commercial storefront spaces and 32 residential apartments above
  • Residential units include studio, 1‑bedroom, and 2‑bedroom options
  • Private bathrooms in all residential units with no shared facilities

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Kitchen & Bath Showroom Auto Parts Store Real Estate Agency (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

32
Residential units

Location Intelligence

Trade Area within ½ mile

682
Businesses Nearby

Demographics for 54806, WI

11,492
Population
5,599
Households
2.1
Avg Household Size
42
Median Age
25%
College-Educated
96%
High-School Grad
288.9 sq mi
ZIP Area
40
Density / Sq Mi
$59,556
Median Household Income
$37,388
Median Earnings
$709
Median Rent
$172,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Downtown Ashland mixed-use building with 37 units, five main-level storefronts, private bathrooms, and coin laundry on each floor.
Where is this apartment building located?
The property is located at 210 Main St W Ashland, WI.
What is the asking price?
The asking price for this property is $2,775,000.
What are key features of this property?
This property features: 37‑unit property with five commercial storefront spaces and 32 residential apartments above; Residential units include studio, 1‑bedroom, and 2‑bedroom options; Private bathrooms in all residential units with no shared facilities
More about this property
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