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    601 Lake Shore Dr Ashland, WI 54806

    For Sale
    $349,900

    High-traffic location, excellent investment.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    Prime commercial property located at 601 Lake Shore Drive East in Ashland, Wisconsin, presents a remarkable investment opportunity. Situated on a 0.23-acre corner lot, this property boasts exceptional visibility and accessibility, being directly on Highway 2 and just two blocks from Lake Superior. Its strategic location ensures high traffic volume from both locals and tourists. The building features a bright and inviting front lobby, ample parking, and easy access from both Highway 2 and 6th Avenue East. The property includes a spacious kitchen, a dedicated prep area, a functional office space, and substantial storage. The electrical system is robust, featuring three-phase 400-amp service. A lighted highway sign provides additional marketing exposure. The property is currently leased to Taste of Wisconsin, generating a strong return on investment based on existing lease terms. This is an ideal location for a variety of commercial ventures, capitalizing on its high visibility and convenient access. The combination of location, features, and current lease makes this a compelling investment opportunity. The property's size and features offer significant potential for growth and profitability.

    Property Features for 601 Lake Shore Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,019 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    ASHLAND
    State
    Wisconsin
    Longitude
    -90.87771
    Latitude
    46.5955

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, excellent investment.
    Where is this commercial real estate located?
    The property is located at 601 Lake Shore Dr Ashland, WI.
    What is the asking price?
    The asking price for this property is $349,900.
    (715) 292-6513
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    601 Lake Shore Dr Ashland, WI 54806
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    Ashland, WI 54806
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 Lake Shore Dr Ashland, WI 54806
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