11585 E Railroad St, Lake Nebagamon WI 54849

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$489,000

11585 E Railroad St, Lake Nebagamon, WI 54849

bedrooms

bathrooms

square feet

1,624

Acreage

2.38

Open Houses

year built

Full Baths

Half Baths

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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.

Location
Subdivision	-
County	Douglas County
Elementary School	-
Middle School	-
High School	-

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Open houses

None scheduled.

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MLS number: 6117552

Listing agent: Steve Germond

Listing broker: Re/Max Results (952) 829-2900

Copyright © 2025 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Monday, January 20 2025 at 5:48 a.m. EST

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