620 Main StRice Lake, WI 54868

Property Details for 620 Main St

Lot size

1.03 AC

Property type

Commercial real estate

APN

276-2326-24-000

APU

276232624000

Description

Village Square offers a unique retail investment opportunity in Rice Lake, Wisconsin, situated on a highly trafficked intersection of Main Street. This Class A development, completed in 2021, boasts 4 suites totaling 6,575 square feet on a 41,183 square foot lot within Barron County. Currently, 3,100 square feet are available, with a minimum divisible space of 1,250 square feet and a maximum contiguous space of 6,575 square feet. The property features high-quality construction and excellent access from three major streets. Enjoy the benefits of a strong tenant mix, including established businesses like Starbucks, Verizon, Walgreens, Jimmy John's, and Domino's, all located within the Village Square development. The property's strategic location near MarketPlace Foods and the Mayo Clinic ensures high foot traffic and visibility. The remaining available space can be customized to meet specific tenant requirements, providing flexibility for a variety of retail uses. This is an exceptional opportunity to establish a presence in a thriving retail center. The single-story building offers immediate occupancy for the available space.

• CAP approach

  CAP return

  Valuation

  6%

  $9,367,030

  6.5%

  $8,646,490

  7%

  $8,028,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,294,450

  Geo Method

  $2,294,450

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $17,074,700

  Retail / Commercial

  $8,745,700

  Mixed-Use / Specialty

  $8,706,530

  Hospitality / Lodging

  $6,377,300

  Office

  $8,646,490

  Institutional / Educational

  $9,048,430

  Residential Income

  $10,586,700

  Multifamily

  $12,741,400

  Automotive / Energy

  $7,755,800

  Parking / Income-Based Land

  $2,684,320

  Restaurant / Food Service

  $4,511,280

  Healthcare / Senior Housing

  $8,936,580

Location Insight

City

Rice Lake

County

Barron

State

Wisconsin

Latitude

45.4931

Longitude

-91.7339

Property Tax & Assessments

FAQs

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