Established Restaurant in Rice
For Sale
$289,900
36 W Marshall Street, Rice Lake, WI 54868
COMMERCIAL - Rice Lake, WI
Property Size4,776 SF
Lot Size0.21 Acres
Price / SF$60.70
Days on Market195
Property Features for 36 W Marshall Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Interior features
Furnished
Elementary school district
Rice Lake Area
Middle school district
Rice Lake Area
High school district
Rice Lake Area
Directions
West off N Main St. Property located on SE corner of W Marshall St. and N Wilson St.
Standard status
Active
APN
276-1885-15-000
Size
4,776 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PLAT 16-2 & LOT 17 LOT 17 BLK 14 & W 3 FT LOT 16 BLK 14 ORIGINAL PLAT CITY OF RICE LAKE.
Tax Annual Amount
3408
Legal Description
PLAT 16-2 & LOT 17 LOT 17 BLK 14 & W 3 FT LOT 16 BLK 14 ORIGINAL PLAT CITY OF RICE LAKE.
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Building materials
Brick, MetalSiding, WoodSiding
Listing Agency:
Kaiser Realty Inc
(715) 532-3383
Listed By:
Adam Kaiser · License #57633-90
(715) 532-3383
Added: Jan 20
Changed: May 25
Last Checked: Aug 3 at 6:06PM
MLS# 1597975
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 is an opportunity to own an established restaurant, a community staple for years. Known as The Milk Pail, this local favorite is situated on a corner location downtown. The property offers over 4700 square feet of space, suitable for continuing the existing tradition or starting a new venture. The building features a large kitchen and ample prep and storage space, providing the potential to expand and meet various business goals and needs. The lot size is 0.209 acres.
Key Highlights
- Established business with a history as a local favorite.
- Prime corner location in the downtown area.
- Spacious interior with over 4700 square feet.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant with a great corner location in Rice Lake.
Where is this conventional restaurant located?
The property is located at 36 W Marshall Street Rice Lake, WI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Established business with a history as a local favorite.; Prime corner location in the downtown area.; Spacious interior with **over 4700 square feet**.
