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Mixed-Use Bar and Restaurant

2756 23 1/2 Street, Rice Lake, WI 54868

For Sale
$339,900

A second-floor two-bedroom apartment adds residential space above the commercial operation.

Property Size4,172 SF
Price / SF$81.47
Days on Market11

Property Features for 2756 23 1/2 Street

General Information

Standard status Active
Size 4,172 SF
Property subtype Commercial
Zoning Commercial

Units

Unit Mix 1 x 2BR
Multifamily Units 1

Additional Details

Business Included Yes
Road Access Yes
Currently Operating Yes

Building Details

Building Size 4,172 SF
Year Built 1930
Stories 2
Listing Agency: Keller Williams Realty Diversified
Listed By: Joshua Amys · License WI 85884-94
Source: Howardandwilliams
Added: Oct 30 Changed: Nov 8 Last Checked: Nov 8 at 6:29PM

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 Keller Williams Realty Diversified

Rey
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Investment Insights

Based on property information with market context.

The Wagon Wheel combines a bar and restaurant with a two-bedroom rental apartment on the second floor. The 4,172-square-foot property was built in 1930 and is zoned Commercial. Its mixed-use configuration places residential space above the restaurant and bar operation.

The property is on Main Street in Brill, with the Tuscobia Trail and ATV and snowmobile routes nearby. Rice Lake is a short drive away. Two additional parcels are located across the street; possible future uses described for them include parking or work on the mill building.

Key Highlights

  • 4,172‑square‑foot mixed‑use property
  • Bar and restaurant with a second‑floor two‑bedroom rental apartment
  • Built in 1930

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Electrical Service HVAC Service Locksmith Auto Repair Shop Restaurant Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Turnkey business
Opportunity
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

14
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A second-floor two-bedroom apartment adds residential space above the commercial operation.
Where is this mixed-use property located?
The property is located at 2756 23 1/2 Street Rice Lake, WI.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 4,172‑square‑foot mixed‑use property; Bar and restaurant with a second‑floor two‑bedroom rental apartment; Built in 1930
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