2501 Main StRice Lake, WI 54868

  • Commercial real estate
  • 1.55 AC
For Sale
$329,000 View listing

Property Details for 2501 Main St

Lot size
1.55 AC
Property type
Commercial real estate
APN
276-8001-15-000
APU
276800115000

Description

This exceptional retail property in Rice Lake, Wisconsin, presents a unique investment opportunity. Located at 2501 S Main St, this 900 square foot building sits on a spacious 1.55-acre lot, offering significant potential for expansion. Currently vacant, the property is zoned commercial and ready for immediate occupancy. The building is ideally suited for a convenience store and gas station operation, featuring three underground fuel tanks with capacities of 5,000, 7,000, and 20,000 gallons. The asking price is $329,000, translating to $365.56 per square foot. The property's high visibility and ample space make it an attractive proposition for entrepreneurs seeking a well-established location in a thriving community. The property's APN is 276-8001-15-000 and is offered for sale by owner. This is a single-story building on a single lot in Barron County, Wisconsin, with a zip code of 54868. The property's prime location and existing infrastructure provide a solid foundation for a successful retail venture. Don't miss this chance to acquire a turnkey retail space with significant growth potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $14,068,700
    6.5%
    $12,986,500
    7%
    $12,058,900
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,446,120
    Geo Method
    $3,446,120
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $25,645,200
    Retail / Commercial
    $13,135,500
    Mixed-Use / Specialty
    $13,076,700
    Hospitality / Lodging
    $9,578,300
    Office
    $12,986,500
    Institutional / Educational
    $13,590,200
    Residential Income
    $15,900,500
    Multifamily
    $19,136,700
    Automotive / Energy
    $11,648,700
    Parking / Income-Based Land
    $4,031,680
    Restaurant / Food Service
    $6,775,660
    Healthcare / Senior Housing
    $13,422,200

Location Insight

City
Rice Lake
County
Barron
State
Wisconsin
Latitude
45.4747
Longitude
-91.7345

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,898
$312,500
$313,500
$626,000
-
-
-
$634,400

FAQs

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