For Sale: Ashland MLS# 7082012
Active
NEW!
$2,775,000
Commercial: Other
1 br • 1 ba • Built 1959
0.48 acres
Ashland schools
MLS# 7082012
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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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,775,000
Property Type:
Commercial
City:
Ashland
Garage Spaces:
0
County:
Ashland
Year Built:
1959
State:
WI
Property Style:
Other
Zip Code:
54806
Subdivision Name:
Ellis Div
Interior
Bedrooms:
1
Bathrooms:
1
Appliances Included:
- Gas Water Heater
- Range
- Refrigerator
Exterior
Stories:
Three Or More
Garage Spaces:
0
Air Conditioning:
None
Foundation Size:
35,078 ft2
Foundation Dimensions:
138x80
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
- Steam
Parking Features:
- Open
- Parking Lot
- Unassigned
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
- Brick
- Frame
Roof Details:
- Flat
- Rubber
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.48
Geolocation:
46.590564, -90.884638
Inclusions:
Building, Land
Lot Dimensions:
140 x 150
Zoning:
Business/Commercial
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
Schools
School District:
170
District Phone:
7156827080
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$11,961
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$11,961
Units
Total Units:
37
Miscellaneous
Current Use:
- Commercial
- Residential
- Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results Duluth.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.