230 S MAIN Street Rice Lake, WI 54868
COMMERCIAL - Rice Lake, WI
Property Features for 230 S MAIN Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 276-5004-62-000 & 63
- Size
- 4,406 SF
- Lot size
- 0.63 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- OL-149-2 PRT 149 AS DESC IN D'S 133 PG 248 OUTLOTS. CITY OF RICE LAKE
- Tax Annual Amount
- 5687
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Building materials
- Brick, CementSiding
Listing agent Layne Grover License #28584-90 (715) 234-1991
Listing office Team Realty 1004 Hammond Ave, Rice Lake, WI (715) 234-1991
Listing date Aug 15, 2022
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.
Investment Insights
Based on property information with market context.
The building is located on Main Street and offers off-street parking. It is being offered as a combined package including both lots.
With dedicated retail space plus attached warehouse/storage, the configuration is suited for businesses that need both customer-facing space and supplemental back-of-house or storage capacity within the same structure.
Key Highlights
- Commercial building for sale with 4,000+ SF retail space plus an attached 400 SF warehouse/storage area
- Includes two (2) lots totaling over half an acre
- Available for immediate occupancy
Local Financial Insights For 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 | $26.4k | $6.00 |
| − Vacancy | −$1.1k | −$0.24 |
| EGI | $25.4k | $5.76 |
| − OpEx | −$7.6k | −$1.73 |
| NOI | $17.8k | $4.03 |
