1131 S Main St Rice Lake, WI 54868
Office building with original hardwood floors, full basement, and a rear parking lot.
Property Features for 1131 S Main St
General Information
- Standard status
- Active
- Size
- 886 SF
Listing office Feather Real Estate Group Rice Lake (715) 523-1167
Listing date May 26, 2026
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of Feather Real Estate Group Rice Lake
Investment Insights
Based on property information with market context.
The building is located on S Main St in Rice Lake, WI and sits directly across from Burger King, providing strong retail frontage exposure along the main street.
Overall, the property’s combination of interior character, full basement space, and on-site rear parking supports a practical office setup for a range of occupancies.
Key Highlights
- Office building with original hardwood floors
- Full basement offers flexible layout options for your business needs
- Large rear parking lot
Local Financial Insights For Office B
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 | $15.6k | $17.64 |
| − Vacancy | −$3.4k | −$3.88 |
| EGI | $12.2k | $13.76 |
| − OpEx | −$3.0k | −$3.44 |
| NOI | $9.1k | $10.32 |
