1230 S Main Street Rice Lake, WI 54868
COMMERCIAL - Rice Lake, WI
Property Features for 1230 S Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 276-2328-26-000
- Size
- 4,100 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 4 BLK 22 & E 1/2 ADJ VAC ALLEY SOUTH RICE LAKE (MOS #7733)
- Tax Annual Amount
- 3470
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Ductless, Central Air
- Water source
- Public
Building Details
- Year built
- 1965
- Building materials
- Steel
Listing agent Casey Watters License #52542-90 (715) 434-7904
Listing office Real Estate Solutions 1815A S Main St, Rice Lake, WI (715) 719-0555
Listing date Aug 7, 2025
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The building is centrally located in the City of Rice Lake, positioned just off Main Street. The property includes its own parking area, improving accessibility for clients and staff and helping streamline arrivals and departures.
With its combination of a large showroom, dedicated office areas, and rear overhead-door access, this setup can work well for a business that needs a visible customer area along with a functional back shop. The layout supports separation between client interactions and operational tasks, making it a straightforward option for owner-operators or tenants seeking a flexible space in a central district of Rice Lake.
Key Highlights
- Over 4,000 sq. ft. of flexible commercial space in the City of Rice Lake
- Includes a 50' x 40' showroom for welcoming customers and displaying products
- Spacious back shop with two overhead garage doors: 8' x 10' and 10' x 14'
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.6k | $6.00 |
| − Vacancy | −$984 | −$0.24 |
| EGI | $23.6k | $5.76 |
| − OpEx | −$7.1k | −$1.73 |
| NOI | $16.5k | $4.03 |
Alternative Uses
Property Analytics
Current Use by Public Records
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