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Mixed-Use Bar and Restaurant
For Sale
$339,900

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

CommercialSale, Rice Lake, WI

Property Size4,172 SF
Lot Size0.97 Acres
Price / SF$81.47
Days on Market139

Property Features for 2756 23 1/2 Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Rooms Basement
Accessibility Accessible Approach with Ramp
Elementary school district Rice Lake Area
Middle school district Rice Lake Area
High school district Rice Lake Area
Directions From the North side of Rice Lake: Travel East on WI-48. Turn left onto 22nd St. Turn Right onto 26th Ave. Left onto 23 1/2 St. From Hwy 53 N: Right onto 26th Ave. Left on 23 1/2 St. Signs on property.
Standard status Active
APN 032-4044-14-000
Size 4,172 SF
Lot size 0.97 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Part of Lot 10 & all of Lot 11, Keesey's First Addition and Outlot 3 Burr Chester Park, Village of Brill
Tax Annual Amount 2549
Legal Description Part of Lot 10 & all of Lot 11, Keesey's First Addition and Outlot 3 Burr Chester Park, Village of Brill

Utilities

Sewer type Septic Tank
Heating system Forced Air
Cooling system Central Air
Water source Well

Building Details

Year built 1930
Building materials VinylSiding, WoodSiding
Listing Agency: Keller Williams Realty Diversified
Listed By: Joshua Amys · License #85884-94
Added: May 11 Changed: Sep 5 Last Checked: Sep 26 at 12:06AM
MLS# 1600365

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 Wagon Wheel is a mixed-use commercial property combining a bar and restaurant with a two-bedroom apartment on the second floor. The building contains 4,172 square feet on 0.967 acres and dates to 1930. A basement provides additional space, while forced-air heating and central air serve the building. Construction includes vinyl and wood siding, and an accessible approach with ramp is in place.

The property is served by a private well and septic tank. Its setting near ATV, snowmobile, and Tuscobia Trail routes places the bar and restaurant within an outdoor recreation context. Two additional parcels are located across the street, offering separate land associated with the broader property opportunity.

Key Highlights

  • Mixed‑use bar and restaurant property with a second‑floor 2‑bedroom apartment
  • 4,172 square feet on 0.967 acres
  • Built in 1930 with vinyl and wood siding

Property Analytics

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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

12
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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story commercial property with a second-floor apartment, restaurant improvements, and outdoor recreation access nearby.
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: Mixed‑use bar and restaurant property with a second‑floor 2‑bedroom apartment; 4,172 square feet on 0.967 acres; Built in 1930 with vinyl and wood siding
More about this property
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