215 Lake Avenue Ladysmith WI 54848 $315,000 Schedule Tour
215 Lake Avenue, Ladysmith WI 54848 - CommercialSale house for sale - MLS #1596548 - image1 Waterfront
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For Sale
$315,000

215 Lake Avenue E, Ladysmith, WI 54848

3,907 sqft · $81/sqft · 0.45 acres · Built 2007

MLS# 1596548

About 215 Lake Avenue E, Ladysmith, WI 54848

Give your business a visible home in the heart of Ladysmith! Positioned at Lake Avenue East and Highway 8, this approximately 3,900-square-foot commercial property combines a prominent corner location, on-site parking, and Flambeau Flowage frontage.

Two parcels are included, with three distinct commercial spaces and a single-level, zero-entry layout.

The west unit is occupied by a nail salon renting for $1,050/month through September 2028, with landlord-paid utilities.

The vacant east office and former laundromat space offer room for your own business or future tenants.

Explore office, retail, or service-business possibilities, subject to zoning, existing lease terms, and required approvals.

The laundromat is closed and not generating operating income; existing laundry equipment remains, with numerous machines reported nonoperational.

An opportunity to establish your business location, retain an existing tenant, and shape the remaining space around your plans.

Property Details

Lot Dimensions
100 x 160 x 120 x 163
Possession
Subject To Tenant Rights
Zoning
Commercial, Shoreline
Heating
Baseboard, Forced Air
Cooling
Central Air, Other, See Remarks
Water
Public
Sewer
Public Sewer
Foundation
Poured
Construction
Log, Wood Siding
Accessibility
Accessibility Features, Other, Accessible Entrance
Waterfront
Yes
Water Frontage
120 ft
School District
Ladysmith
County
Rusk
Township
City of Ladysmith
Directions
Lake Avenue East (Hwy 8). Property is on the corner of Lake Ave E and Hwy 8, near the flowage.
Parcel Number
246-02310-0000
Original List Price
$399,900
Previous Price
$365,000
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;
Listing Brokerage
Keller Williams Realty Diversified

Price & Listing History

  • Nov 2025 · Listed
    $399,900
  • Currently active · 344 days on market
    Now $365,000

Prior price and listing information from sources believed to be reliable, but no guarantees of accuracy and data has not been confirmed. Please confirm with county official documents.

Location

  • Parks

What's Near 215 Lake Ave E, Ladysmith, WI 54848

Nearby Parks

Nearby Bike Trails

Ladysmith Area Schools

Ladysmith School District

School information is sourced from public NCES data (assigned public schools from attendance-boundary data; nearby private schools and colleges by distance) and may change. Confirm directly with the school or district before relying on it.

Ladysmith Property Taxes

Annual tax
$8,757.62 (2025)
Parcel #
246-02310-0000
County
Rusk

Legal: 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;

Mortgage Calculator

Estimated monthly $0
Principal & interest
$0
Property tax (est.)
$0
Home insurance (est.)
$0

Estimate only. Insurance assumed at 0.4% of home price annually; property tax from MLS data when available, otherwise 1.5%. Not a loan offer — confirm with your lender.

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This website is a service of 1 Reason Realty, a broker participant of the Northwestern Wisconsin MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.