For Sale
$1,199,000

118 3Rd St Ashland, WI 54806

Lake Superior Views, Prime Location, High Traffic

Overview

Added:
Feb 3
Days on market:
84
This exceptional Class A commercial property, located at 118 E 3rd St in Ashland, WI, presents a unique investment opportunity. Situated on a 1.4-acre lot on highly trafficked State Highway 13, this building boasts over 6,000 average daily vehicle counts, ensuring high visibility and accessibility. Just three blocks from the Ashland marina and the shores of Lake Superior, the property offers stunning views and a desirable location. Completely rebuilt in 2000 and fully refurbished in 2019, the building features over 6,000 square feet of flexible open space, perfect for customization. The space also includes 12 private offices, two conference rooms, two server rooms, two mechanical rooms, a mother's room, a lounge, and two phone rooms. The property is fully handicapped accessible with a lift connecting the lower and upper levels. Modern amenities include key card access, 82 on-site parking spaces, fire suppression systems, fiber optic internet, and a completely upgraded electrical system. A newly installed Generac standby backup generator ensures uninterrupted operations. A current tenant lease extends to 2024, but the tenant is willing to vacate early if needed, and will leave all existing furniture, fixtures, and equipment (FF&E) in place, making this a true turnkey operation. This is a rare opportunity to acquire a well-maintained, high-quality commercial building in a prime location with exceptional amenities. The asking price is $1,199,000.

Property Details for 118 3Rd St

Property type
Commercial real estate
Year Built
2000
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Ashland
County
ASHLAND
State
Wisconsin
Latitude
46.59064
Longitude
-90.88144

FAQs

What type of property is this?
Commercial real estate - Lake Superior Views, Prime Location, High Traffic
Where is the commercial real estate located?
The property is located at 118 3Rd St Ashland, WI.
What is the asking price?
The asking price for this property is $1,199,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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118 3Rd St
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