215 Lake Avenue East

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. 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.

MLS Listing Link - Click Here

3D Tour Links Below:

Nail Salon Unit: Tour Link HERE

Laundromat Unit: Tour Link HERE

Office Unit: Tour Link HERE

This property includes 3 fully leased commercial units and 2 tax parcels. Nail salon (west unit) rented at $1,050/month through Sept 5, 2028. Laundromat (middle unit) lease runs Oct 1, 2025–Sept 30, 2026, at $2,200/month (Oct ’25–Nov ‘25) and then increases to $3,200/month (Dec ‘25–Sept ‘26). Tenant leases and maintains equipment. Equipment is negotiable. HVAC system has a recorded lifetime easement with neighboring property to the west. Landlord pays real estate taxes. Showings by appointment only. Please, do not disturb tenants. Please allow 48-hour response to offers. Pre-approval or proof of funds to accompany offers. Info has been derived from multiple sources which may include seller, county, state, and federal agencies. No representation is made to accuracy. All verification to be performed by buyer and buyer's agent.

Directions: Lake Avenue East (Hwy 8). Property is on the corner of Lake Ave E and Hwy 8, near the flowage.

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;