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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Owner options
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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#: 6120126
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
| Date | Event | Price |
|---|---|---|
| 10/16/2025 | Sold | $465,000-1.9%$248/sqft |
Source: | ||
| 8/18/2025 | Pending sale | $474,000$252/sqft |
Source: | ||
| 7/21/2025 | Price change | $474,000-3.1%$252/sqft |
Source: | ||
| 6/17/2025 | Listed for sale | $489,000$260/sqft |
Source: | ||
| 2/1/2025 | Listing removed | $489,000$260/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Neighborhood: 54849
Nearby schools
GreatSchools rating
- 6/10Northwestern Elementary SchoolGrades: PK-5Distance: 5.4 mi
- 6/10Northwestern Middle SchoolGrades: 6-8Distance: 5.3 mi
- 6/10Northwestern High SchoolGrades: 9-12Distance: 5.3 mi

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