2700 College DrRice Lake, WI 54868

Property Details for 2700 College Dr

Lot size

1.45 AC

Property type

Commercial real estate

APN

276-8001-33-016

APU

276800133016

Description

This exceptional 12,500 square foot Class B office building, constructed in 2007 and renovated in 2009, presents a unique opportunity in Rice Lake, Barron County. Currently, 7,600 square feet of space is available for lease in this single-story building situated on a 1.45-acre lot. The property boasts a total of 59 parking spaces, with potential for overflow parking. Previously configured as a Veterans Affairs medical facility, the layout offers significant flexibility. The space includes over 14 exterior-facing exam rooms (ideal for offices), eight interior rooms, a large conference room, a staff break room, and a complete lab area. The building features a separate entrance for the available space, making it perfect for a variety of businesses. Located in a growing area of the community, this property offers excellent visibility and accessibility. The landlord is open to negotiating improvements and reconfiguration to suit the needs of the right tenant, and may consider subdividing the space. Rent is $800.00 per month.

• CAP approach

  CAP return

  Valuation

  6%

  $13,161,000

  6.5%

  $12,148,600

  7%

  $11,280,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,223,790

  Geo Method

  $3,223,790

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $23,990,600

  Retail / Commercial

  $12,288,000

  Mixed-Use / Specialty

  $12,233,000

  Hospitality / Lodging

  $8,960,340

  Office

  $12,148,600

  Institutional / Educational

  $12,713,400

  Residential Income

  $14,874,600

  Multifamily

  $17,902,100

  Automotive / Energy

  $10,897,200

  Parking / Income-Based Land

  $3,771,570

  Restaurant / Food Service

  $6,338,520

  Healthcare / Senior Housing

  $12,556,200

Location Insight

City

Rice Lake

County

Barron

State

Wisconsin

Latitude

45.4747

Longitude

-91.7449

Property Tax & Assessments

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