For Sale
$350,000

2756 23 1/2 St Rice Lake, WI 54868

Established Bar/Restaurant w/ Apartment

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a thriving bar and restaurant, "The Wagon Wheel," ideally situated on Main Street in Brill, Wisconsin, a short drive from Rice Lake. The property includes a two-bedroom apartment currently generating $500 per month in rental income (utilities included), plus a garage renting for $900 annually (tenant vacating December). Furniture, fixtures, and equipment (FFE) are included in the sale. Two additional adjacent parcels provide significant expansion potential. The property's location on ATV and snowmobile trails attracts outdoor enthusiasts. Financial details are available under a Non-Disclosure Agreement (NDA). The asking price is $350,000. The adjacent mill building is in unknown/poor condition and requires caution; it has no lighting. The seller is not liable for the condition of the mill building. Goods inventory is sold separately. Buyer and prospective purchasers are responsible for verifying all measurements and data. The property consists of three parcels: 032-4044-14-000, 032-1300-13-000, and 032-1300-15-000. Directions from Rice Lake: From the North side of Rice Lake: Travel East on WI-48. Turn left onto 22nd St. Turn Right onto 26th Ave. Left onto 23 1/2 St. From Hwy 53 N: Right onto 26th Ave. Left on 23 1/2 St. Signs are on the property.

Highlights

  • Established bar and restaurant in Brill, WI, near Rice Lake.
  • Includes a 2-bedroom apartment with $500/month rental income (utilities included) and a garage renting for $900/year.
  • Two adjacent parcels provide expansion or development potential.
  • Furniture, fixtures, and equipment (FFE) included.
  • Financial details available under NDA.
  • Buyer and agent to verify all measurements and data.

Property Details for 2756 23 1/2 St

Property type
Land, Hospitality properties

Location Insight

City
Rice Lake
County
Barron
State
Wisconsin
Latitude
45.6038995
Longitude
-91.6729101

FAQs

What type of property is this?
Land - Established Bar/Restaurant w/ Apartment
Where is the land located?
The property is located at 2756 23 1/2 St Rice Lake, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Established bar and restaurant in Brill, WI, near Rice Lake.; Includes a 2-bedroom apartment with $500/month rental income (utilities included) and a garage renting for $900/year.; Two adjacent parcels provide expansion or development potential.
How can I contact the broker?
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2756 23 1/2 St
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