Floral Retail
New
For Sale
$499,000
1811 S Main Street, Rice Lake, WI 54868
An operating floral business occupies part of the space, with additional room for another retail concept.
Property Size5,894 SF
Price / SF$84.66
Days on Market5
Property Features for 1811 S Main Street
General Information
Standard status
Active
Size
5,894 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Business Included
Yes
Currently Operating
Yes
Building Details
Building Size
5,894 SF
Year Built
1971
Listing Agency:
Chippewa Valley Real Estate, LLC
(715) 318-5141
Listed By:
The Raven Team · License #5085390
(715) 620-1600
Source:
Coactionrealestate
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 5:15PM
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 Chippewa Valley Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 5,894-square-foot retail property dates to 1971 and currently houses a floral business. The operation uses approximately 3,500 square feet, leaving additional interior space for expansion or a complementary retail concept. The business has an established wedding and sympathy trade, along with a website and online ordering platform.
The property is at 1811 S Main Street in Rice Lake, Wisconsin, along South Main Street. The remaining area offers flexibility to continue the floral operation while adding another customer-facing use.
The property is at 1811 S Main Street in Rice Lake, Wisconsin, along South Main Street. The remaining area offers flexibility to continue the floral operation while adding another customer-facing use.
Key Highlights
- 5,894 SF retail property built in 1971
- Floral operation uses approximately 3,500 SF
- Established wedding and sympathy business with website and online ordering
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,765
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,300
$475.3K
Cap Rate 7%
$339,500
$339.5K
Cap Rate 9%
$264,056
$264.1K
Market Conditions
NOI Build-Up for 5,894 SF
Gross rent
$35.4K $6.00/SF
− Vacancy
−$1.4K −$0.24/SF
EGI
$33.9K $5.76/SF
− OpEx
−$10.2K −$1.73/SF
NOI
$23.8K $4.03/SF
Area
Barron County, WI
Vacancy
4.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,300
Cap Rate 7%
$339,500
Cap Rate 9%
$264,056
Alternative Uses
Best Use
Retail
$339.5K
$297.1K – $396.1K
NOI $23,765 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.74M
$4.14M – $5.52M
NOI $331,497 @ 7.0% cap · market cap 66.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 54868, WI
15,785
Population
7,640
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
94%
High-School Grad
212.0 sq mi
ZIP Area
74
Density / Sq Mi
$64,567
Median Household Income
$40,474
Median Earnings
$850
Median Rent
$199,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - An operating floral business occupies part of the space, with additional room for another retail concept.
Where is this retail space located?
The property is located at 1811 S Main Street Rice Lake, WI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 5,894 SF retail property built in 1971; Floral operation uses approximately 3,500 SF; Established wedding and sympathy business with website and online ordering
