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Highway 2 Mixed-Use Property
For Sale
$399,900

421 Lake Shore Drive 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 Market192

Property Features for 421 Lake Shore Drive W

General Information

Standard status Active
Size 3,795 SF
Lot size 0.50 Acres
Property subtype Commercial
Zoning Business/Commercial

Taxes and HOA fees

Annual Taxes $4,766

Building Details

Building Size 3,795 SF
Year Built 1969
Stories 1
Units 1
Listing Agency: Anthony Jennings & Crew Real E
Listed By: Anthony I Jennings · License #93850194
Source: Juverealestate
Added: Feb 12 Changed: Aug 23 Last Checked: Aug 23 at 3:23AM

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 E

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

666
Businesses Nearby
71k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 46% Shops & Services 30% Groceries 24%
Super One Foods Groceries
17,234 visits/mo 0.4 miles
McDonald's Dining
15,826 visits/mo 0.2 miles
Kwik Trip Shops & Services
13,910 visits/mo 0.4 miles
Arby's Dining
6,905 visits/mo 0.2 miles
Little Caesars Pizza Dining
6,444 visits/mo 0.3 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

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 Drive 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
More about this property
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