Leased Corner Retail and
For Sale
$365,000
215 Lake Avenue E, Ladysmith, WI 54848
COMMERCIAL - Ladysmith, WI
Property Size3,907 SF
Lot Size0.45 Acres
Price / SF$93.42
Days on Market279
Property Features for 215 Lake Avenue E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial, Shoreline
Accessibility
Accessible Approach with Ramp
Elementary school district
Ladysmith
Middle school district
Ladysmith
High school district
Ladysmith
Directions
Lake Avenue East (Hwy 8). Property is on the corner of Lake Ave E and Hwy 8, near the flowage.
Standard status
Active
APN
246-02310-0000
Size
3,907 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
MENASHA WOODENWARE CO'S 1ST ADD LOT 33 & E 1/2 LOT 34 BLOCK 20 EX TRIANGULAR PARCEL IN SE CORNER OF LOT 33 DESC AS BEGINNING AT SE CORNER OF LOT 33;
Tax Annual Amount
7908
Legal Description
MENASHA WOODENWARE CO'S 1ST ADD LOT 33 & E 1/2 LOT 34 BLOCK 20 EX TRIANGULAR PARCEL IN SE CORNER OF LOT 33 DESC AS BEGINNING AT SE CORNER OF LOT 33;
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Baseboard
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
2007
Building materials
Log, WoodSiding
Listing Agency:
Keller Williams Realty Diversified
(715) 514-4265
Listed By:
Joshua Amys · License #85884-94
(715) 642-0567
Added: Nov 14, 2025
Changed: Aug 4
Last Checked: Aug 20 at 12:06AM
MLS# 1596548
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. 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 for-sale commercial property in Ladysmith, WI includes three fully leased units within a zero-entry, slab-on-grade building. The west unit is occupied by a nail salon tenant and is leased through September of 2028. The middle unit operates as a 24-hour laundromat with the laundry equipment included, and it is leased through September of 2026.
The laundromat lease also includes full use of the adjacent office space (east unit) and all on-site commercial laundry equipment, with maintenance performed by the tenant. The building is positioned on the high-visibility corner of Lake Avenue East and Highway 8, providing prominent exposure and views toward the Flowage. The property contains approximately 3,907 square feet on a 0.45-acre lot.
The laundromat lease also includes full use of the adjacent office space (east unit) and all on-site commercial laundry equipment, with maintenance performed by the tenant. The building is positioned on the high-visibility corner of Lake Avenue East and Highway 8, providing prominent exposure and views toward the Flowage. The property contains approximately 3,907 square feet on a 0.45-acre lot.
Key Highlights
- 2007 zero‑entry, slab‑on‑grade commercial building with central air and forced‑air/baseboard heating
- 3 fully leased units for ongoing income, with the west unit nail salon tenant leased through September 2028
- Middle unit leased through September 2026 as a 24‑hour laundromat with included laundry equipment
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 56%
Dining 28%
Shops & Services 15%
Ladysmith Ace Hardware
Home Improvements & Furnishings
7,276 visits/mo
0.4 miles
SUBWAY
Dining
3,678 visits/mo
0.2 miles
U-Haul Neighborhood Dealer
Shops & Services
1,013 visits/mo
0.4 miles
Carquest Auto Parts - Clark Auto Supply
Shops & Services
985 visits/mo
0.2 miles
Demographics for 54848, WI
5,784
Population
3,132
Households
1.8
Avg Household Size
49
Median Age
19%
College-Educated
95%
High-School Grad
190.4 sq mi
ZIP Area
30
Density / Sq Mi
$55,328
Median Household Income
$34,756
Median Earnings
$828
Median Rent
$138,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Three fully leased units in a slab-on-grade corner building near major roadways.
Where is this retail space located?
The property is located at 215 Lake Avenue E Ladysmith, WI.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2007 zero‑entry, slab‑on‑grade commercial building with central air and forced‑air/baseboard heating; 3 fully leased units for ongoing income, with the west unit nail salon tenant leased through September 2028; Middle unit leased through September 2026 as a 24‑hour laundromat with included laundry equipment
