Updated Office
1822 S Main Street, Rice Lake, WI 54868
For Sale
$349,900
Under Contract
CommercialSale, Rice Lake, WI
Property Size1,340 SF
Lot Size0.68 Acres
Price / SF$261.12
Days on Market233
Property Features for 1822 S Main Street
General Information
Property type
Property subtype
Zoning description
Rooms
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Listing Agency:
Real Estate Solutions
(715) 719-0555
Listed By:
Casey Watters · License WI 52542-90
(715) 434-7904
Added: Mar 25
Changed: Oct 17
Last Checked: Nov 12 at 8:06AM
MLS# 1599471
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.
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Investment Insights
Based on property information with market context.
This 1,340-square-foot office building on a 0.68-acre lot includes a reception area, restroom, multiple offices, and a partial basement for storage. Recent roof and siding updates complement the existing vinyl siding, while forced-air heating and central air conditioning support year-round occupancy. Public water and public sewer serve the property, which was built in 1948.
The building fronts S Main Street in Rice Lake and includes a parking lot with a sign rental. Its office layout can accommodate a range of business configurations, with basement storage adding functional support space. The property is located in Barron County and carries a 54868 ZIP code.
The building fronts S Main Street in Rice Lake and includes a parking lot with a sign rental. Its office layout can accommodate a range of business configurations, with basement storage adding functional support space. The property is located in Barron County and carries a 54868 ZIP code.
Key Highlights
- 1,340 square feet of office space
- 0.68‑acre lot on S Main Street
- Reception area, restroom, and multiple offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,828
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,560
$276.6K
Cap Rate 7%
$197,543
$197.5K
Cap Rate 9%
$153,644
$153.6K
Market Conditions
NOI Build-Up for 1,340 SF
Gross rent
$23.6K $17.64/SF
− Vacancy
−$5.2K −$3.88/SF
EGI
$18.4K $13.76/SF
− OpEx
−$4.6K −$3.44/SF
NOI
$13.8K $10.32/SF
Area
Barron County, WI
Vacancy
22.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,560
Cap Rate 7%
$197,543
Cap Rate 9%
$153,644
Alternative Uses
Best Use
Office B
$197.5K
$172.9K – $230.5K
NOI $13,828 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$264.2K
$231.2K – $308.2K
NOI $18,492 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Reception, restroom, and multiple offices support flexible business operations.
Where is this office building located?
The property is located at 1822 S Main Street Rice Lake, WI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,340 square feet of office space; 0.68‑acre lot on S Main Street; Reception area, restroom, and multiple offices
