11585 E Railroad St Lake Nebagamon, WI 54849
Estimated payment $2,861/month
Total Views
3,353
2
Beds
2
Baths
1,624
Sq Ft
$292
Price per Sq Ft
Highlights
- Heated Floors
- Ranch Style House
- 5 Car Detached Garage
- Recreation Room
- No HOA
- Living Room
About This Home
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,195
Lot Details
- 2.38 Acre Lot
Parking
- 5 Car Detached Garage
Home Design
- Ranch Style House
- Poured Concrete
- Wood Frame Construction
- Wood Siding
- Concrete Block And Stucco Construction
Interior Spaces
- Living Room
- Recreation Room
- Heated Floors
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathroom on Main Level
Basement
- Partial Basement
- Bedroom in Basement
- Recreation or Family Area in Basement
- Finished Basement Bathroom
Utilities
- Baseboard Heating
- Hot Water Heating System
- Boiler Heating System
- Heating System Uses Natural Gas
- Private Water Source
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number LN-146-00444-00 and LN-146-00389-00
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,195 | $188,400 | $28,900 | $159,500 |
| 2023 | $3,199 | $188,400 | $28,900 | $159,500 |
| 2022 | $2,987 | $188,400 | $28,900 | $159,500 |
| 2021 | $2,913 | $188,400 | $28,900 | $159,500 |
| 2020 | $3,225 | $188,400 | $28,900 | $159,500 |
| 2019 | $2,918 | $139,200 | $21,000 | $118,200 |
| 2018 | $2,996 | $139,200 | $21,000 | $118,200 |
| 2017 | $2,868 | $139,200 | $21,000 | $118,200 |
| 2016 | $3,047 | $139,200 | $21,000 | $118,200 |
| 2015 | $2,892 | $118,200 | $21,000 | $118,200 |
| 2014 | $2,892 | $139,200 | $21,000 | $118,200 |
| 2013 | $2,797 | $139,200 | $21,000 | $118,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Price Changed | $474,000 | -3.1% | $292 / Sq Ft |
| 06/17/2025 06/17/25 | For Sale | $489,000 | -- | $301 / Sq Ft |
Source: Lake Superior Area REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $195,000 | -- |
Source: Public Records
Similar Homes in Lake Nebagamon, WI
Source: Lake Superior Area REALTORS®
MLS Number: 6120126
APN: LN-146-00444-00
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