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$379,900 -$20,000 (-5%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 3,907 Sq. Ft.
  • 0.45 Acres
  • Updated 4 days ago
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Prime investment opportunity on Ladysmith's main corridor! Positioned on the high-visibility corner of Lake Avenue East and Highway 8, this zero-entry, slab-on-grade commercial building offers unmatched exposure, consistent vehicle traffic, and even uncapitalized views of the Flowage with your own frontage. The building features three fully leased units ready to add to your investment portfolio! The west unit is home to a long-standing nail salon tenant, leased through September of 2028. The middle unit is leased through September 2026 and operating as a 24-hour laundromat and the laundry equipment is included! This lease also includes full use of the adjacent office space (the east unit) and all on-site commercial laundry equipment; maintained by the tenant. Offering a solid tenant mix, stable income, flexible-use layout, and high-traffic corner placement, this is a rare chance to acquire a turn-key income-producing asset in a growing Northwoods community.

Full Property Details for 215 Lake Ave E

General

  • Price: $379,900
  • Taxes: $7,907 (2024)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6815874
  • Updated: 2/9/2026
  • Added to Site: 92 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3

Parking

  • Parking Features: Parking Lot, Paved Lot, Unassigned

Location

  • County: Rusk
  • Township: Ladysmith
  • Subdivision: Menasha Woodenware Cos 1st Add
  • Driving Directions: Lake Avenue East (Hwy 8). Property is on the corner of Lake Ave E and Hwy 8, near the flowage.

School Information

  • School District: 1286 - Ladysmith-Hawkins
  • High School District: Ladysmith-Hawkins

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Baseboard, Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer in Street
  • Water: City Water (In-Street)
  • Utility Description: Electric Separate

Structural Information

  • Foundation Size: 3907
  • Disability Access: No Stairs External, No Stairs Internal
  • Square Feet: 3,907
  • Finished Down/Base.: 3,907 Sq. Ft.
  • Current Bldg. Use: Laundromat, Office, Professional Service
  • Year Built: 2007

Lot Features

  • Lot Size (Acres): 0.45
  • Lot Dimensions: 100 x 160 x 120 x 163
  • Frontage: State Road
  • Zoning: Business/Commercial

Water Features

  • Water Front Desc.: Other, Riverfront
  • Water Front Feet: 120
  • Water Front Elev.: 40
  • Lake Bottom: Undeveloped

Financial Considerations

  • Tax Amount: $7,907.73
  • Tax Year: 2024

Disclosures and Reports

  • 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; THENCE W ALONG S LINE 19'; THENCE NORTHEASTERLY TO A POINT ON E LINE WHICH POINT IS 18' N OF SE CORNER DOCUMENT # 365907
  • Inclusions: Building
  • Property ID: 246023100000

Listed by Keller Williams Realty Diversified

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— 215 Lake Ave E —

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Schools serving 215 Lake Ave E

School District:Ladysmith School District
NameGradesDistance
Ladysmith Elementary School
115 East 6th Street South, Ladysmith, WI 54848
PK-50.3 mi
Ladysmith Middle School
1700 Edgewood Avenue East, Ladysmith, WI 54848
6-81.2 mi
Ladysmith High School
1700 Edgewood Avenue East, Ladysmith, WI 54848
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 215 Lake Ave E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/09/2026
Price Reduced
$379,900
-5%
MLS
11/14/2025
Listed
$399,900
1899.5%
MLS
11/06/2023
Sold
$20,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 215 Lake Ave E

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,735
5%
$221,100
—
2024
$6,391
11%
$221,100
—
2023
$5,772
-18%
$221,100
-16%
2022
$7,068
-3%
$262,800
—
2021
$7,321
-1%
$262,800
—
2020
$7,382
—
$262,800
—
2019
$7,370
6%
$262,800
—
2018
$6,954
—
$262,800
-12%
2017
$6,953
3%
$299,500
—
2016
$6,719
-6%
$299,500
—
2015
$7,111
3%
$299,500
—
2014
$6,927
8%
$299,500
—
2013
$6,422
—
$299,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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215 Lake Avenue E, Ladysmith, WI 54848 (MLS# 6815874) is a Commercial property. 215 Lake Avenue E is currently listed for $379,900 and was received on November 14, 2025. Want to learn more about 215 Lake Avenue E? Do you have questions about finding other Commercial real estate for sale in Ladysmith? You can browse all Ladysmith real estate or contact a Coldwell Banker agent to request more information.

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