318 Main StRice Lake, WI 54868

Property Details for 318 Main St

Lot size

0.43 AC

Property type

Commercial real estate

APN

276-5004-65-000

APU

276500465000

Description

This exceptional mixed-use property at 318 S Main St, Rice Lake, WI 54868, presents a unique investment opportunity. Spanning 6,055 square feet across two buildings on a 0.51-acre lot, this property offers a versatile layout ideal for owner-users. The main building features a showroom, office space, and a substantial 1440 square foot heated warehouse with an additional 480 square foot cold storage area above. A significant advantage is the inclusion of over 1200 square feet of living space in an upstairs apartment, providing potential for live-work arrangements or supplemental rental income. The property boasts 3-phase power and ample private parking. Its convenient location in Rice Lake, within walking distance of the Marketplace and downtown, ensures high visibility and accessibility. The property is zoned commercial and is easily subdivided into 3-4 units: a warehouse, one or two storefronts, and an upstairs apartment/office. The asking price is $469,900. This well-maintained property offers a compelling blend of retail, office, and warehouse space, making it an attractive investment for a variety of businesses. Don't miss this chance to acquire a thriving commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,866,710

  6.5%

  $3,569,270

  7%

  $3,314,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $947,149

  Geo Method

  $947,149

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,048,450

  Retail / Commercial

  $3,610,220

  Mixed-Use / Specialty

  $3,594,060

  Hospitality / Lodging

  $2,632,550

  Office

  $3,569,270

  Institutional / Educational

  $3,735,190

  Residential Income

  $4,370,170

  Multifamily

  $5,259,630

  Automotive / Energy

  $3,201,590

  Parking / Income-Based Land

  $1,108,090

  Restaurant / Food Service

  $1,862,260

  Healthcare / Senior Housing

  $3,689,020

Location Insight

City

Rice Lake

County

Barron

State

Wisconsin

Latitude

45.4968

Longitude

-91.7337

Property Tax & Assessments

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