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Turn-Key Class A Office Space
For Sale
$899,000

118 3rd St E, Ashland, WI 54806

Class A office space in Ashland, WI near Lake Superior.

Property Size6,000 SF
Lot Size1.40 Acres
Price / SF$149.83
Days on Market304

Property Features for 118 3rd St E

General Information

Standard status Active
Size 6,000 SF
Lot size 1.40 Acres

Taxes and HOA fees

Annual Taxes $30,479
Listing Agency: Porter Realty LLC
Listed By: Kevin Porter · License #5916890
Source: Exprealty
Added: Oct 22, 2025 Changed: Aug 20 Last Checked: Aug 20 at 10:54AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Porter Realty LLC

Investment Insights

Based on property information with market context.

This Class A office space is located on State Highway 13 in Ashland, Wisconsin, approximately three blocks from the marina and the shores of Lake Superior. The property benefits from high traffic, with over 6,000 average daily vehicles. The building was completely rebuilt in 2000 and fully refurbished in 2019. It features key card access and 82 on-site parking spaces. The interior includes over 6,000 square feet of flex/open space, 12 private offices, two conference rooms, two server rooms, two mechanical rooms, a Mother's Room, a lounge, and two phone rooms. The property is fully handicapped accessible with a lift, fire suppression, and fiber optic internet. It also features upgraded electrical systems and a newly installed standby backup generator by Generac. All furniture, fixtures, and equipment (FF&E), including cubicle walls, tables, chairs, and equipment, are included with the property.

Key Highlights

  • Turnkey Class A office space with all FF&E included.
  • Completely rebuilt in 2000 and refurbished in 2019.
  • Prime location on State Highway 13 with high traffic and proximity to the marina and Lake Superior.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Big Box & Wholesale Store Real Estate Agency Building Supply Auto Parts Store Kitchen & Bath Showroom Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

634
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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Class A office space in Ashland, WI near Lake Superior.
Where is this office units located?
The property is located at 118 3rd St E Ashland, WI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Turnkey Class A office space with all FF&E included.; Completely rebuilt in 2000 and refurbished in 2019.; Prime location on State Highway 13 with high traffic and proximity to the marina and Lake Superior.
More about this property
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