Remodeled Stand-Alone
2023 Cenex Dr Rice Lake, WI 54868
For Sale
$1,100,000
Newly remodeled stand-alone restaurant with move-in-ready interior and exposure at a major highway intersection.
Property Size5,616 SF
Price / SF$195.87
Days on Market22
Property Features for 2023 Cenex Dr
General Information
Standard status
Active
Size
5,616 SF
Listing Agency:
Team Trillium
(715) 552-1818
Listed By:
James Fedie · License #8276194
(715) 552-1818
Source:
Exprealty
Added: Jul 9
Changed: Jul 28
Last Checked: Jul 29 at 12:21PM
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 Team Trillium
Investment Insights
Based on property information with market context.
This newly remodeled, stand-alone restaurant is presented as a move-in-ready option with an interior that has been updated for immediate occupancy. The property is designed for restaurant use and offers practical onsite configuration for day-to-day operations, supported by its prominent commercial presence.
The location at the intersection of Highway 53 and 48 in Rice Lake, WI, provides strong visibility and convenient access for customers and employees. Public remarks note exceptional exposure supported by daily traffic counts over 10,000, along with opportunities for signage. Offered for sale at 2023 Cenex Dr, the asset is positioned to support an operator seeking a highly accessible, retail-front style restaurant environment in a growing commercial market.
The location at the intersection of Highway 53 and 48 in Rice Lake, WI, provides strong visibility and convenient access for customers and employees. Public remarks note exceptional exposure supported by daily traffic counts over 10,000, along with opportunities for signage. Offered for sale at 2023 Cenex Dr, the asset is positioned to support an operator seeking a highly accessible, retail-front style restaurant environment in a growing commercial market.
Key Highlights
- Newly remodeled, stand‑alone restaurant with move‑in‑ready interior
- Located at the intersection of Highway 53 and Highway 48 in Rice Lake, WI
- Strong daily traffic exposure with traffic counts over 10,000 daily
Financial Insights For Specialty Retail
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 | $67.4k | $12.00 |
| − Vacancy | −$1.8k | −$0.31 |
| EGI | $65.6k | $11.69 |
| − OpEx | −$16.4k | −$2.92 |
| NOI | $49.2k | $8.77 |
5,616 SF · lease $12.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$703.3K
$615.4K – $820.5K
NOI $49,230 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.51M
$3.95M – $5.26M
NOI $315,861 @ 7.0% cap · market cap 28.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Newly remodeled stand-alone restaurant with move-in-ready interior and exposure at a major highway intersection.
Where is this conventional restaurant located?
The property is located at 2023 Cenex Dr Rice Lake, WI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Newly remodeled, stand‑alone restaurant with move‑in‑ready interior; Located at the intersection of Highway 53 and Highway 48 in Rice Lake, WI; Strong daily traffic exposure with traffic counts over 10,000 daily
