Office/Retail Building in Rice
15 E Eau Claire Street, Rice Lake, WI 54868
- Added:
- Feb 28, 2024
- Days on Market:
- 823
- Last Refresh:
- May 31 at 9:06 am
Property Features for 15 E Eau Claire Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Active
- APN
- 276-1642-66-000
- Size
- 836 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PLAT 9-2 E 1/2 LOT 9 BLK 6 LAKESIDE ADDITION (MOS #7205)
- Tax Annual Amount
- 1934
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating)
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1975
- Building materials
- Brick
Listing agent Ben Rivard License #55555-90 (715) 234-5010
Listing office CB Brenizer/Rice Lake 237 S Main St, Eau Claire, WI (715) 234-5010
Listing date Feb 28, 2024
MLS# 1579914
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.
HighLights
- Convenient location: Just a 1/2 block from Main St and directly across from the post office.
- Benefit from the new roof and electrical service box, installed in 2023.
- Flexible use: This property is suitable for either office or retail space.
- Full basement with full bathroom provides ample storage.
- Enjoy the convenience of off‑street parking behind the building.
- Seller willing to custom build interior to your specifications.
Overview
This solid block building, suitable for office or retail use, features a new roof and new electrical service box installed in 2023. The property is located a half block from Main Street, across from the post office. The full basement provides ample storage space and includes a full bathroom. Off-street parking is available behind the building. The property has a size of 836 square feet and sits on a 0.1-acre 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 | $14.7k | $17.64 |
| − Vacancy | −$3.2k | −$3.88 |
| EGI | $11.5k | $13.76 |
| − OpEx | −$2.9k | −$3.44 |
| NOI | $8.6k | $10.32 |
836 SF · lease $17.64/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$123.2K
$107.8K – $143.8K
NOI $8,627 @ 7.0% cap · market cap 8.67%
Second Best
Retail
$48.2K
$42.1K – $56.2K
NOI $3,371 @ 7.0% cap · market cap 3.39%
Theoretical Best
Warehouse
$671.7K
$587.7K – $783.7K
NOI $47,019 @ 7.0% cap · market cap 47.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Rice Lake
- County
- Barron
- State
- Wisconsin
- Longitude
- -91.732341
- Latitude
- 45.50365
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Office or retail building with full basement and off-street parking.
Where is this office units located?
The property is located at 15 E Eau Claire Street Rice Lake, WI.
What is the asking price?
The asking price for this property is $99,500.
What are key features of this property?
This property features: Convenient location: Just a 1/2 block from Main St and directly across from the post office.; Benefit from the new roof and electrical service box, installed in 2023.; Flexible use: This property is suitable for either office or retail space.
