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1222 Lake Shore Dr E
Ashland, WI 54806
Asking Price
$150K
Asset Type
Business and Building Retail
Class
Class B
What's Special
Retail | 2,000 SqFt <ul><li>Bar Area, Restrooms, Storage</li><li>Attached Garage, Uncovered/Open, Unassigned, Off Street Parking</li><li>Road Frontage: Curb/Gutters, Sidewalk, Highway, State</li><li>Iconic historic facade</li><li>One block from Lake Superior</li><li>Incredible exposure on HWY 2</li><li>Off street parking</li><li>Main level: bar, walk-in cooler, two restrooms, back storage area</li><li>Upper level: two bedroom apartment with deck and Lake Superior views</li><li>Bright enclosed sunporch off
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NOI
$80,000
Cap Rate
53.37%
DSCR
8.99
Strong
Cash-on-Cash
158.11%
Monthly Payment
$741.623
Annual Cash Flow
$71,100.519
