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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$2,775,000

Est. payment - /mo

1 Bed

1 Bath

0.48 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Ellis Div

MLS Listing ID 7082012

Bedrooms 1

Year Built 1959

Annual Tax Amount $11,961

Tax Year 2025

Contingent None

Lot Size 0.480 Acres

Lot Dimensions 140x150

Property Description

Large mixed-use investment opportunity in the heart of downtown Ashland. This impressive 37-unit property features 5 commercial storefront spaces on the main level along with 32 residential apartments above, offering a desirable mix of studio, 1-bedroom, and 2-bedroom units. All residential units feature private bathrooms with no shared facilities. Coin-operated laundry facilities are located on each floor, creating additional income potential. Major exterior improvements include newer windows completed within the last 10 years. A rare opportunity to own a high-unit-count income-producing asset. Willing to sell individually or as a package with 410 Main Street.

Location

State WI

County Ashland

Zoning Business/Commercial

Interior

Heating Baseboard, Forced Air, Steam

Cooling None

Inclusions Building, Land

Fireplace No

Appliance Gas Water Heater, Range, Refrigerator

Exterior

Parking Features Parking Lot, Unassigned, Open

Utilities Available Electric Separate

Roof Type Flat,Rubber

Present Use Commercial,Residential,Retail

Building

Lot Description Public Transit (w/in 6 blks), Corner Lot

Story Three Or More

Foundation 35078

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Brick,Frame

New Construction false

Schools

School District Ashland

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Listed by Aiden Bachand • RE/MAX Results Duluth

Nearby School & Business

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210 Main ST W Ashland, WI 54806