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Highway 2 Mixed-Use Property
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421 Lake Shore Dr W, Ashland, WI 54806

Prime location with lake views in downtown Ashland, Wisconsin.

Property Size3,795 SF
Lot Size0.50 Acres
Price / SF$105.38
Days on Market165

Property Features for 421 Lake Shore Dr W

General Information

Standard status Active
Size 3,795 SF
Class D
Lot size 0.50 Acres
Property subtype Mixed Use, Retail
Zoning City Center
Investment Type Owner/User

Building Details

Buildings 1
Stories 1
Listing Agency: Anthony Jennings & Crew Real Estate
Listed By: Anthony Jennings · License #WI 938501-94
Source: Crexi
Added: Feb 27 Changed: Aug 8 Last Checked: Aug 10 at 12:22PM

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 Anthony Jennings & Crew Real Estate

Investment Insights

Based on property information with market context.

Located on Highway 2 in downtown Ashland, Wisconsin, this mixed-use property offers a prime location near Lake Superior. Situated on just under a half acre, the property overlooks the lakefront trail and provides views of Chequamegon Bay. The property is currently occupied by the Bay View Pawn Shop, which is closing. The property's location offers accessibility for both business owners and clients. The seller will consider a land contract with an acceptable down payment and credit approval. The property has a size of 3795 square feet.

Key Highlights

  • Prime location in downtown Ashland on HWY 2
  • Steps away from Lake Superior and the lakefront trail
  • Sweeping views of Chequamegon Bay

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Auto Parts Store Real Estate Agency 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

29
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 Retail in Midwest region

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

What type of property is this?
Mixed-use property - Prime location with lake views in downtown Ashland, Wisconsin.
Where is this mixed-use property located?
The property is located at 421 Lake Shore Dr W Ashland, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Prime location in downtown Ashland on HWY 2; Steps away from Lake Superior and the lakefront trail; Sweeping views of Chequamegon Bay
(715) 209-6841 Call to check price and availability
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