For Sale
$3,300,000

2304 Main StRice Lake, WI 54868

High-yield, 100% occupied property.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use investment property, located at 2300-2304 S Main St, Rice Lake, WI 54868, presents a compelling opportunity. Boasting 22,993 square feet on a 1.48-acre lot, this Class B building offers a diverse tenancy including Subway, Check Into Cash, Fantastic Sam's, Citywide Finance Co., Edward Jones, Marshfield Clinic, Papa Murphy's, Badger Brew, Shopko Optical, and AT&T. The property features a newer roof and parking lot, providing ample parking at a rate of 5.05 spaces per 1,000 square feet. Currently operating at 100% occupancy with a 7.83% cap rate and an asking price of $3,300,000, this is a strong NNN lease investment. Built in 1990, this single-story building is zoned C and benefits from its prime location next to Culver's. The property's APN is 276-8001-36-000 and is offered as a 1031 exchange opportunity. This multi-tenant property offers a stable income stream and significant potential for long-term growth. The property's diverse tenant mix minimizes risk and ensures consistent cash flow. This is an ideal investment for those seeking a high-yield, low-maintenance property in a thriving Wisconsin community.

Highlights

  • Exceptional mixed-use investment property in Rice Lake, WI, totaling 22,993 square feet on a 1.48-acre lot.
  • Class B building with strong national and local tenants including Subway, Check Into Cash, and Marshfield Clinic, currently at 100% occupancy.
  • Features a newer roof and parking lot with 5.05 spaces per 1,000 square feet.
  • Offers a 7.83% cap rate and is listed at $3,300,000, structured as a NNN lease investment.
  • Prime location next to Culver's, zoned C, APN 276-8001-36-000, built in 1990, and suitable for a 1031 exchange.

Property Details for 2304 Main St

Property type
Lifestyle centers, Power centers
Square Feet
22,993 SF
Class
B
Year Built
1990
Stories
1
Lot Size (sq. ft)
64,469 SF

Location Insight

City
Rice Lake
County
Barron
State
Wisconsin
Latitude
45.476407816316
Longitude
-91.736027513223
2304 Main St, Rice Lake, Wisconsin

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2304 Main St
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