120 1St StLadysmith, WI 54848

  • Commercial real estate
  • 0.05 AC
For Sale
$120,000 View listing

Property Details for 120 1St St

Lot size
0.05 AC
Property type
Commercial real estate
APN
246-01120-0000
APU
246011200000

Description

This exceptional 2,100 square foot commercial building is situated on a 0.05-acre lot at 120 1st Street in Ladysmith, Wisconsin. Its prime location on a main highway ensures high visibility and significant drive-by traffic, making it ideal for a variety of businesses. The property boasts a rich history, having been completely rebuilt in 2001 following a tornado. Previously operating as a successful cycle and ATV sales and service company, this building offers immense potential for a wide range of commercial ventures. Imagine establishing a retail store, a cozy coffee shop, a unique gift shop, or a charming cafe, all benefiting from the existing high traffic flow. The substantial upstairs space presents numerous possibilities. It could serve as valuable storage, an expansion of your business, a versatile meeting or gathering area, workshops, or even a dance studio. Alternatively, subject to City of Ladysmith approval, the upper level could be converted into an apartment, providing convenient living space above your business. The asking price for this versatile property is $120,000. Interested parties are encouraged to contact the City of Ladysmith to confirm the feasibility of their intended use.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $458,346
    Hospitality
    $419,842
    Educational
    $349,304
    Medical
    $361,317
    Retail
    $543,362

Location Insight

City
Ladysmith
County
Rusk
State
Wisconsin
Latitude
45.465
Longitude
-91.1011

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,006
$8,700
$107,900
$116,600
-
-
-
$145,600

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