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14013863
14013862

118 3rd St E, Ashland, WI 54806

KP
WI 59168-90
Porter Realty
Listed by Porter Realty
$899,000
927 days on market
Updated 3 days ago

118 3rd St E

Details
APN 201-01685-2000
Property Type Office
Sub Type Creative Office, Executive Office (+1)
Square Footage 14,400
Net Rentable (SqFt) 14,400
Units 1
Cap Rate 16.77%
NOI $150,792
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2024
Price per SqFt $62
Broker Co-Op Yes
Class A
Year Built 2000
Year Renovated 2019
Buildings 1
Stories 1
Acreage 1.400
Parking Spaces 86 spaces
Parking Per SqFt 5.97

Class A Office Space within Walking Distance to Lake Superior - Key Card Entry - Generator - Updated

Marketing description

Class A Office Space on highly traveled State Highway 13 in thriving Ashland, WI three blocks from the marina and the shores of Lake Superior. Over 6,000 average daily vehicle count. Key Card Access. 82 On-Site parking Spaces. Completely Rebuilt in 2000, With a total refurbish in 2019. Full list of amenities available including over 6,000 square feet of flex/open space, 12 private offices, Two conference rooms, two server rooms, two + mechanical rooms, a Mother's Room, a Lounge, and two Phone rooms. The entire property is fully handicapped accessible with a lift between the lower and raised section, fire suppression, fiber optic internet, completely upgraded electrical systems and a newly installed standby backup generator by Generac.

Listing Contacts

KP
WI 59168-90
Porter Realty
Listed by Porter Realty

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$150,792.00
$12,566.00/mo

Valuation Metrics

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DSCR
16.77%
Cap Rate
16.77%
ROI

Map

Zoning

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Last updated Jan 5, 2026 For deeper zoning details, reports are available at Zoneomics

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