# 215 Lake Avenue E, Ladysmith, WI 54848

> **TL;DR:** commercial, $365,000 ($93/sqft), built 2007, 3,907 sqft.
> Waterfront, A/C. Est. $1,952/mo. Listed 305 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $365,000 |
| Price/sqft | $93 |
| Square Feet | 3,907 |
| Year Built | 2007 |
| Lot Size | 19,602 sqft (0.45 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 305 |

## Why This Home Stands Out

- **Waterfront** - Waterfront location listed

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,846 |
| Estimated Insurance | $106 |
| **Total** | **$1,952** |

## Key Amenities

- Waterfront
- A/C

## Property Highlights

- Built in 2007
- 0.45 acre lot
- Waterfront

## Description

### Agent Description
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.

## Location

- **Address:** 215 Lake Avenue E, Ladysmith, WI 54848
- **County:** Rusk
- **Coordinates:** 45.465527, -91.098805
- **Google Maps:** https://www.google.com/maps?q=45.465527,-91.098805

## Virtual Tour & Media

- **Video Tour:** https://sites.listvt.com/mls/221919141

## Listing Agent

- **Name:** Joshua Amys · **License:** 85884-94
- **Brokerage:** Central WI Real Estate Holdings, LLC
- **Phone:** 7156420567
- **Broker Phone:** (715) 514-4265
- **Listing URL:** [View original listing](https://listings.listhub.net/pages/RANWWI/1596548/?channel=propsimple)

## Photos

![215 Lake Avenue E - Photo 1](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f2047055367r.jpg)

![215 Lake Avenue E - Photo 2](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f1703798304r.jpg)

![215 Lake Avenue E - Photo 3](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f3863047761r.jpg)

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![215 Lake Avenue E - Photo 23](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f266726534r.jpg)

![215 Lake Avenue E - Photo 24](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f4162899585r.jpg)

![215 Lake Avenue E - Photo 25](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f4192113699r.jpg)

![215 Lake Avenue E - Photo 26](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f2166797232r.jpg)

![215 Lake Avenue E - Photo 27](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f700035460r.jpg)

![215 Lake Avenue E - Photo 28](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f2031012629r.jpg)

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![215 Lake Avenue E - Photo 30](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f2463511547r.jpg)

![215 Lake Avenue E - Photo 31](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f245426831r.jpg)

![215 Lake Avenue E - Photo 32](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f3587724392r.jpg)

![215 Lake Avenue E - Photo 33](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f3026207707r.jpg)

![215 Lake Avenue E - Photo 34](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f1608328401r.jpg)

![215 Lake Avenue E - Photo 35](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f1407879748r.jpg)

![215 Lake Avenue E - Photo 36](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f3064260388r.jpg)

![215 Lake Avenue E - Photo 37](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f1287435208r.jpg)

![215 Lake Avenue E - Photo 38](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f1457108777r.jpg)

![215 Lake Avenue E - Photo 39](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f2541525902r.jpg)

![215 Lake Avenue E - Photo 40](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f441860884r.jpg)

![215 Lake Avenue E - Photo 41](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f1399367470r.jpg)

![215 Lake Avenue E - Photo 42](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f1986390128r.jpg)

![215 Lake Avenue E - Photo 43](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f2476554993r.jpg)

![215 Lake Avenue E - Photo 44](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f4011466507r.jpg)

![215 Lake Avenue E - Photo 45](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f2621913223r.jpg)

![215 Lake Avenue E - Photo 46](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f1211843976r.jpg)

![215 Lake Avenue E - Photo 47](http://lh.rdcpix.com/1c65c23d2cf3ba62b56f5406ce63e530l-f4115190238r.jpg)

---

**MLS#:** 1596548 | **Updated:** 2026-07-02
**Source:** listhub

*Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/215-lake-avenue-e-ladysmith-wi-54848-1596548)

---

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```