Retail Building with Attached
230 S MAIN Street Rice Lake, WI 54868
For Sale
$550,000
COMMERCIAL - Rice Lake, WI
Property Size4,406 SF
Lot Size0.63 Acres
Price / SF$124.83
Days on Market1445
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 Agency:
Team Realty
(715) 234-1991
Listed By:
Layne Grover · License #28584-90
(715) 234-1991
Added: Aug 15, 2022
Changed: Jul 15
Last Checked: Jul 29 at 11:06PM
MLS# 1567743
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.
This commercial retail building for sale includes more than 4,000 square feet of retail space and an additional attached 400 square feet of warehouse/storage. The property is described as having immediate occupancy availability and sits on two lots totaling over half an acre, providing room for business use and expansion.
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.
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
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 |
4,406 SF · lease $6.00/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$3.54M
$3.10M – $4.13M
NOI $247,807 @ 7.0% cap · market cap 45.06%
Second Best
Retail
$253.8K
$222.1K – $296.1K
NOI $17,765 @ 7.0% cap · market cap 3.23%
Theoretical Best
—
—
same as Best Use
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?
Retail space - Retail building with an attached warehouse/storage area and off-street parking on two lots totaling over half an acre.
Where is this retail space located?
The property is located at 230 S MAIN Street Rice Lake, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 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
