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Mixed-Use Commercial Property
For Sale
$1,695,000

Highway 2 Lake Shore Drive, Ashland, WI 54806

Commercial Sale, Ashland, WI

Property SizeContact for details
Days on Market97

Property Features for Highway 2 Lake Shore Drive

General Information

Property type Commercial Sale
Property subtype Other
View Lake, Park, Harbor
Standard status Active
Listing Agency: Whitetail Properties Real Estate, LLC
Listed By: Mike Noskoviak
Added: Jun 16 Changed: Sep 16 Last Checked: Sep 20 at 9:06AM
MLS# 11833303

Copyright © 2026 My State MLS. 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 mixed-use offering includes commercial business locations and homes in Ashland, Wisconsin. The properties are zoned for Commercial/Residential use, supporting the combination of business and residential components described in the offering.

The site is positioned along Highway 2 Lake Shore Drive beside Lake Superior’s Chequamegon Bay, with views toward the bay. Multiple adjacent properties are also available, creating an offering that includes more than one commercial or residential location. The River Rock Inn & Sport Shop is shown in the property photos and is identified as one of the available locations.

Key Highlights

  • Commercial/Residential zoning
  • Located along Highway 2 Lake Shore Drive in Ashland, WI
  • Views of Lake Superior’s Chequamegon Bay

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom HVAC Service Barber Shop (Bike/Boat/Book/etc) Store Locksmith

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

478
Businesses Nearby
62k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 51% Shops & Services 49% Hotels & Casinos 1%
Kwik Trip Shops & Services
28,171 visits/mo 0.5 miles
McDonald's Dining
15,826 visits/mo 0.3 miles
Arby's Dining
6,905 visits/mo 0.2 miles
Little Caesars Pizza Dining
6,444 visits/mo 0.2 miles
SUBWAY Dining
2,157 visits/mo 0.2 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial and residential zoning supports a combination of business locations and homes with views across Chequamegon Bay.
Where is this mixed-use property located?
The property is located at Highway 2 Lake Shore Drive Ashland, WI.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Commercial/Residential zoning; Located along Highway 2 Lake Shore Drive in Ashland, WI; Views of Lake Superior’s Chequamegon Bay
More about this property
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