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11585 E Railroad Rd

5,508 SF Specialty Building Offered at $489,000 in Lake Nebagamon, WI 54849

Investment Highlights

  • Modern, renovated 2-bedroom, 2-bath home. Perfect for owner-occupant or vacation rental
  • 5-bay storage garage plus room for more storage space
  • Meticulously updated coin laundry business and self-serve carwash

Data Room Click Here to Access

Property Facts

Price $489,000
Price Per SF $89
Sale Type Investment or Owner User
Sale Conditions Business Value Included
Property Type
Specialty
  • Specialty Carwash
  • Specialty Self Storage
Building Class B
Lot Size 2.33 AC
Building Size 5,508 SF
No. Stories 1
Year Built/Renovated 1900/2021
Parking Ratio 3/1,000 SF

About 11585 E Railroad Rd , Lake Nebagamon, WI 54849

This beautifully renovated property offers an incredible investment opportunity on 1.84 acres in the Village of Lake Nebagamon This property is perfect for entrepreneurs seeking steady revenue generation. At its core is an immaculate 2-bedroom, 2-bath home featuring a gorgeous custom kitchen with new GE Profile appliances, abundant cabinetry, and very attractive countertops. The home also boasts new energy-efficient lighting and a combination boiler and water heater that utilizes convenient natural gas and there is a mini-split A/C and heat pump to keep you comfortable. The lower level includes a spacious family room with in-floor heat that is ideal for various uses, and the beautiful second bathroom. You’ll appreciate the meticulous attention to detail and quality craftsmanship throughout the renovation. The property also includes an updated laundromat business, which has undergone a substantial facelift with new equipment, energy-efficient lighting, an updated restroom, and a sophisticated camera system for added security. The modern mechanical systems supporting the laundromat are in excellent condition, making the business truly turnkey. Additionally, the property features a two-bay self-serve car wash with in-floor heating to reduce operating costs. A 60 x 28-foot, 5-bay garage offers additional leasable storage space, with ample land available for expansion if desired. An additional 0.57-acre parcel, zoned R1, is included and would be suitable for building another home. Whether you’re looking for a great income opportunity, want to operate a successful home business, or wish to expand your portfolio of vacation rentals, this property is sure to exceed your expectations. The property is located a short walk to the public beach on Lake Nebagamon and the businesses that support the local population that include a bank, grocery store, restaurants, ice cream shops, and two taverns. Railroad Street is also a part of the popular recreational vehicle trail network in Douglas County.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LN-146-00444-00
Land Assessment
$28,900
Improvements Assessment
$159,500
Total Assessment
$188,400

zoning

Zoning Code Commercial (Provides for both commercial and residential uses)
Commercial (Provides for both commercial and residential uses)
  • Listing ID: 34222998

  • Date on Market: 12/17/2024

  • Last Updated:

  • Address: 11585 E Railroad Rd, Lake Nebagamon, WI 54849

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