$2,775,000
Ashland, WI 54806
MLS# 7082012
1 beds | 1 baths
1 / 23
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.
Details
Maps
Documents
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $2,775,000
Contingency: None
ListPrice: 2775000
List Date: 2026-05-27
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 14
Owner Occupied: No
Year Built: 1959
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 140x150
Acres: 0.48
Foundation Size: 35078
Garage Stalls: 0
Power Company: Xcel Energy
For Sale or Lease: For Sale
Assessment Pending: No
Bedrooms: 1
Baths Total: 1
Location, Tax and Other Information
Legal Description: EAST 100' OF LOT 19 & ALL OF LOTS 20 THRU 24 BLOCK 110 ELLIS DIVISION
Listing City: Ashland
Map Page: 999
Municipality: Ashland
School District: Ashland
School District Phone: 715-682-7080
Zip Plus 4: 7700
Property ID Number: 201016570000
Tax Year: 2025
Tax Amount: 11961
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 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.
Directions: Traveling Northeast on Hwy 2, take a right onto 3rd Ave W, travel one block and take a left onto Main Street. Building will be on the right-hand side.
Accessible
None: 1
Air Conditioning
None: 1
Appliances
Range: 1
Refrigerator: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 11961
Basement
Foundation Dimensions: 138x80
Building Information
Building Finished SqFt: 35078
Building SqFt: 35078
Construction Materials
Brick: 1
Frame: 1
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Foundation
Stone: 1
Fuel
Natural Gas: 1
Heating
Baseboard: 1
Forced Air: 1
Steam: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Lot Description
Corner Lot: 1
Public Transit (w/in 6 blks): 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Unassigned: 1
Uncovered/Open: 1
Public Survey Info
Range#: 04W
Section#: 33
Township#: 48N
Rental License Type
Standard: 1
Road Frontage
City Street: 1
Curbs: 1
Paved Streets: 1
Sidewalks: 1
Storm Sewer: 1
Street Lights: 1
Road Responsibility
Public Maintained Road: 1
Roof
Flat: 1
Rubber: 1
Sale Options
Sale Includes: Building, Land
Sewer
City Sewer/Connected: 1
Stories
Three Or More: 1
Unit 1
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: 2nd Level
Unit Number: 1
Monthly Rent: 725
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Unit Details
Total Units: 37
Water
City Water/Connected: 1
On Site Utilities
Electric Separate: 1
CMU Style
Mixed Use: 1
Current Use
Commercial: 1
Residential: 1
Retail: 1
Loan Terms
Cash: 1
Conventional: 1
Location Description
Downtown: 1
Location Tax and Other Information
House Number: 210
Street Name: Main
Street Suffix: Street
Street Direction Suffix: W
Postal City: Ashland
County: Ashland
State: WI
Zip Code: 54806
Complex/Dev/Subdivision: Ellis Div
Property Features
Accessible: None
Air Conditioning: None
Appliances: Range; Refrigerator
CMU Style: Mixed Use
Construction Materials: Brick; Frame
Construction Status: Previously Owned
Current Use: Commercial; Residential; Retail
Exterior: Brick/Stone
Foundation: Stone
Fuel: Natural Gas
Heating: Baseboard; Forced Air; Steam
Loan Terms: Cash; Conventional
Location Description: Downtown
Lock Box Type: None
Lot Description: Corner Lot; Public Transit (w/in 6 blks)
On Site Utilities: Electric Separate
Parking Characteristics: Parking Lot; Unassigned; Uncovered/Open
Rental License Type: Standard
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights
Road Responsibility: Public Maintained Road
Roof: Flat; Rubber
Sewer: City Sewer/Connected
Stories: Three Or More
Water: City Water/Connected
Assessors Data 
Listing Office: RE/MAX Results Duluth
Last Updated: May - 29 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.