2300 Main StRice Lake, WI 54868

Property Details for 2300 Main St

Lot size

0.92 AC

Property type

Commercial real estate

APN

276-8001-24-000

APU

276800124000

Description

This exceptional 3,250 square foot medical office suite is located in the highly desirable Rose Stone Plaza on South Main Street in Rice Lake. Previously occupied by Lakeview Medical Center, this space offers excellent visibility and accessibility, situated in a high-demand area with ample parking for both employees and clients. The building itself is meticulously maintained and ready for immediate occupancy. The suite is part of a larger 18,500 square foot multi-tenant building zoned for commercial use. This presents a unique opportunity for a medical practice or other commercial entity seeking a well-established location with significant foot traffic. The space is immediately available, and the price per square foot and potential tenant improvements are negotiable, offering flexibility for prospective tenants. The property's APN is 276-8001-24-000. This is the only remaining suite in this popular plaza, making it a truly rare opportunity. The minimum divisible space is 3,250 square feet, and the maximum contiguous space available is also 3,250 square feet. Don't miss this chance to secure a prime location for your business.

• CAP approach

  CAP return

  Valuation

  6%

  $8,350,400

  6.5%

  $7,708,060

  7%

  $7,157,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,045,430

  Geo Method

  $2,045,430

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $15,221,600

  Retail / Commercial

  $7,796,500

  Mixed-Use / Specialty

  $7,761,590

  Hospitality / Lodging

  $5,685,160

  Office

  $7,708,060

  Institutional / Educational

  $8,066,380

  Residential Income

  $9,437,660

  Multifamily

  $11,358,500

  Automotive / Energy

  $6,914,040

  Parking / Income-Based Land

  $2,392,990

  Restaurant / Food Service

  $4,021,660

  Healthcare / Senior Housing

  $7,966,660

Location Insight

City

Rice Lake

County

Barron

State

Wisconsin

Latitude

45.4766

Longitude

-91.7365

Property Tax & Assessments

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