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Sold for $465,000 on 10/16/25
  • $465,000

    11585 E Railroad Rd, Lake Nebagamon, WI 54849

    2beds
    1,878sqft
    Single Family Residence
    Built in ----
    2.38 Acres Lot
    $468,200 Zestimate®
    $248/sqft
    $2,059 Estimated rent

    Home value

    $468,200

    $361,000 - $609,000

    $2,059/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: October 20, 2025 at 07:28am

    Listed by:

    Robin McKay 218-390-3358,

    RE/MAX Results

    Bought with:

    Mike Raivala, MN 20437768|WI 58124-90

    RE/MAX Results

    Source: Lake Superior Area Realtors,MLS#: 6120126MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    • Main level bedrooms: 1
    Bedroom
    • Level: Main
    • Area: 119 Square Feet
    • Dimensions: 10 x 11.9
    Bedroom
    • Level: Main
    • Area: 114 Square Feet
    • Dimensions: 10 x 11.4
    Kitchen
    • Level: Main
    • Area: 175.2 Square Feet
    • Dimensions: 12 x 14.6
    Living room
    • Level: Main
    • Area: 265.6 Square Feet
    • Dimensions: 16 x 16.6
    Rec room
    • Description: In-floor heat
    • Level: Basement
    • Area: 622.5 Square Feet
    • Dimensions: 24.9 x 25
    Heating
    • Baseboard, Boiler, In Floor Heat, Hot Water, Natural Gas
    Cooling
    • Ductless
    Features
    • Basement: Partial,Bath,Family/Rec Room
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,878 sqft
    • Finished area above ground: 1,094
    • Finished area below ground: 784

    Property

    Parking
    • Total spaces: 5
    • Parking features: Detached
    • Garage spaces: 5
    Lot
    • Size: 2.38 Acres
    • Dimensions: 235 x 198 x 297 x 367 + 281 x 212 x 433
    Details
    • Foundation area: 784
    • Parcel number: LN1460044400 and LN1460038900

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Block, Wood, Concrete Block, Frame/Wood
    • Foundation: Concrete Perimeter
    Condition
    • Previously Owned

    Utilities & green energy

    • Electric: SWL&P, Dahlberg
    • Sewer: Public Sewer
    • Water: Private

    Community & neighborhood

    Location
    • Region: Lake Nebagamon

    Price history

    DateEventPrice
    10/16/2025Sold$465,000-1.9%$248/sqft
    Source: Lake Superior Area Realtors #6120126 Report a problem
    8/18/2025Pending sale$474,000$252/sqft
    Source: Lake Superior Area Realtors #6120126 Report a problem
    7/21/2025Price change$474,000-3.1%$252/sqft
    Source: Lake Superior Area Realtors #6120126 Report a problem
    6/17/2025Listed for sale$489,000$260/sqft
    Source: WIREX MLS #6120126 Report a problem
    2/1/2025Listing removed$489,000$260/sqft
    Source: Lake Superior Area Realtors #6117550 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 54849

    Nearby schools

    GreatSchools rating
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