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Mixed-Use Property with Main-Level Offices
New
For Sale
$119,500

220 Main St E, Ashland, WI 54806

COMMERCIAL, Ashland, WI

Property Size1,344 SF
Lot Size0.12 Acres
Price / SF$88.91
Days on Market3

Property Features for 220 Main St E

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Interior features Kitchen Area, Restrooms, Storage
Basement Concrete
Elementary school district Ashland (WI) #170
Middle school district Ashland (WI) #170
High school district Ashland (WI) #170
Directions Lake Shore Dr E to 3rd Ave E, Corner of Main and 3rd
Subdivision LSAR
Standard status Active
Size 1,344 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2151

Utilities

Heating system Hot Water(Heating), Natural Gas, Oil
Cooling system Ductless, Zoned

Amenities

full kitchen
fiber optic

Building Details

Year built 1940
Number of units 1
Roof type Rubber, Shingle
Additional Structures Storage
Listing Agency: Visions First Realty, LLC
Listed By: Rick Gruebele · License #5915590
Added: Sep 14 Changed: Sep 16 Last Checked: Sep 16 at 6:06PM
MLS# 6127954

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 1,344-square-foot mixed-use property includes several main-level office areas, an open room, a full kitchen, two restrooms, storage, and a separate side entrance. The lower level adds a bathroom, sink, two showers, and a half bath. A ramp, wide doorways, and grab bars in the main-level bathroom provide functional accessibility features. Heating is provided by a gas boiler, with ductless mini-split cooling and fiber-optic service. Off-street parking is also included.

The property occupies a 0.12-acre Main Street corner in downtown Ashland and carries City Center zoning. The stated use framework includes retail, office, restaurant, studio, assembly, and personal-service applications. Built in 1940, the building offers a combination of office configuration, support areas, and lower-level space within a mixed-use setting.

Key Highlights

  • 1,344‑square‑foot mixed‑use building on a 0.12‑acre lot
  • Main Street corner in downtown Ashland
  • City Center zoning supports retail, office, restaurant, studio, assembly, and personal‑service uses

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store Electrical Service

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

620
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - City Center zoning supports office, retail, restaurant, studio, assembly, and personal-service uses.
Where is this mixed-use property located?
The property is located at 220 Main St E Ashland, WI.
What is the asking price?
The asking price for this property is $119,500.
What are key features of this property?
This property features: 1,344‑square‑foot mixed‑use building on a 0.12‑acre lot; Main Street corner in downtown Ashland; City Center zoning supports retail, office, restaurant, studio, assembly, and personal‑service uses
More about this property
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