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    407 S Main St Rice Lake, WI 54868

    For Sale
    $179,900

    COMMERCIAL - Rice Lake, WI

    Property size:
    2,400 SF
    Lot size:
    0.11 Acres
    Days on Market:
    53
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 407 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    276-5004-96-000
    Size
    2,400 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1946
    Building materials
    Brick, CementSiding

    TEAM Realty (715) 234-1991 [email protected]

    Listing agent Layne Grover (715) 234-1991 License #28584-90

    Listing date Oct 15, 2025

    Copyright © 2025 Northwestern Wisconsin Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Main Street Commercial Building

    This commercial building, situated on Main Street in a high-traffic area, presents various opportunities for entrepreneurs. The property is located across from Marketplace Foods and down the street from Casa Mexicana Grill and Cantina. Previously home to the Mandarin Restaurant and Russ's Pancake House, the building includes a complete kitchen and a walk-in cooler. It offers potential for various business ventures, including an insurance company, ice cream parlor, or office space. The property is suitable for a breakfast or dinner restaurant, with seating available for over 50 customers. The building also features additional downstairs storage. The lot size is 0.105 acres and the property size is 2400 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Shank N Shig BBQ

    Location Insight

    • Map
    • Local Demand
    City
    Rice Lake
    County
    Barron
    State
    Wisconsin
    Longitude
    -91.73293
    Latitude
    45.495406

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    FAQs

    What type of property is this?
    Restaurant - Commercial building on Main Street with high traffic and full kitchen.
    Where is this restaurant located?
    The property is located at 407 S Main St Rice Lake, WI.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: - Prime Main Street location with high traffic, across from Marketplace Foods.; - Complete kitchen included, ready for restaurant use.; - **Seating capacity for over 50 customers.**
    (715) 234-1991
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    407 S Main St Rice Lake, WI 54868
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