Freestanding Restaurant
For Sale
$174,900
407 S MAIN Street, Rice Lake, WI 54868
COMMERCIAL - Rice Lake, WI
Property Size2,400 SF
Lot Size0.11 Acres
Price / SF$72.88
Days on Market428
Property Features for 407 S MAIN Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Elementary school district
Rice Lake Area
Middle school district
Rice Lake Area
High school district
Rice Lake Area
Directions
LOCATED ON SOUTH MAIN STREET OF RICE LAKE. (PROPERTY ON THE EAST SIDE OF THE STREET. (407)
Standard status
Active
APN
276-5004-96-000
Size
2,400 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LENGTHLY
Tax Annual Amount
5754
Legal Description
LENGTHLY
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
downstairs storage
Building Details
Year built
1946
Building materials
Brick, CementSiding
Listing Agency:
Team Realty
(715) 234-1991
Listed By:
Layne Grover · License #28584-90
(715) 234-1991
Added: Jun 2, 2025
Changed: Aug 3
Last Checked: Aug 3 at 8:06PM
MLS# 1592202
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 2,400-square-foot restaurant building occupies a 0.105-acre parcel and dates to 1946. The property includes a complete kitchen, walk-in cooler, and additional storage in the basement, with seating capacity for more than 50 customers. Brick and cement siding, forced-air heat, and central air conditioning serve the building, while public water and sewer are available.
The property fronts S Main Street in Rice Lake, across from Marketplace Foods and near Casa Mexicana Grill and Cantina. Its prior restaurant uses included Mandarin Restaurant and Russ's Pancake House. The building may also accommodate other commercial uses identified in the property information, including a specialty shop, insurance office, ice-cream parlor, or general office space.
The property fronts S Main Street in Rice Lake, across from Marketplace Foods and near Casa Mexicana Grill and Cantina. Its prior restaurant uses included Mandarin Restaurant and Russ's Pancake House. The building may also accommodate other commercial uses identified in the property information, including a specialty shop, insurance office, ice-cream parlor, or general office space.
Key Highlights
- 2,400‑square‑foot restaurant building on a 0.105‑acre parcel
- Complete kitchen and walk‑in cooler included
- Seating capacity for more than 50 customers
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
588
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing kitchen, walk-in cooler, basement storage, and public utilities support restaurant operations.
Where is this conventional restaurant located?
The property is located at 407 S MAIN Street Rice Lake, WI.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: 2,400‑square‑foot restaurant building on a 0.105‑acre parcel; Complete kitchen and walk‑in cooler included; Seating capacity for more than 50 customers
