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Solid Block Office/Retail Building

15 E Eau Claire Street, Rice Lake, WI 54868

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For Sale

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Office or retail building with off-street parking and full basement.

Type:Land

Property size:

836 SF

Price / SF:

$119/SF

HighLights

Convenient location: just 1/2 block off Main St, across from the post office.
New roof and new electrical service box installed in 2023.
Flexible use: Suitable for office or retail purposes.
Full basement with full bathroom provides ample storage space.
Off‑street parking available behind the building.
Seller willing to custom build the interior to your specifications.

We can help!

Contact an agent

Ben Rivard

For Sale

Contact for pricing

Office or retail building with off-street parking and full basement.

Type:Land

Property size:

836 SF

Price / SF:

$119/SF

Added:: Mar 2, 2024
Days on Market:: 859
Last Refresh:: Jul 5 at 4:31 am

Property Features for 15 E Eau Claire Street

General Information

Standard status: Active
Size: 836 SF
Property subtype: Land

Building Details

Year Built: 1975

We can help!

Contact an agent

Ben Rivard

Listing office Coldwell Banker Brenizer, Realtors Rice Lake

Listing date Mar 2, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Brenizer, Realtors Rice Lake

HighLights

Convenient location: just 1/2 block off Main St, across from the post office.
New roof and new electrical service box installed in 2023.
Flexible use: Suitable for office or retail purposes.
Full basement with full bathroom provides ample storage space.
Off‑street parking available behind the building.
Seller willing to custom build the 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 storage space and includes a full bathroom. Off-street parking is available behind the building. The property has a size of 836 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $8,627 @ 7.0% cap · market cap 8.67%

Second Best

Retail

$48.2K

$42.1K – $56.2K (±1% cap)

NOI $3,371 @ 7.0% cap · market cap 3.39%

Theoretical Best

Warehouse

$671.7K

$587.7K – $783.7K (±1% cap)

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 buildings

Suggested Use

Location Insight

Map
Local Demand

City: Rice Lake
County: Barron
State: Wisconsin
Longitude: -91.732342
Latitude: 45.5036422

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For sale
Office buildings
WI
Rice Lake
54868
15 E Eau Claire Street

What type of property is this?

Office building - Office or retail building with off-street parking and full basement.

Where is this office building 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 1/2 block off Main St, across from the post office.; New roof and new electrical service box installed in 2023.; Flexible use: Suitable for office or retail purposes.