Flex Space With
For Sale
$290,000
430 N Main St, Rice Lake, WI 54868
Commercial building with a dedicated garage area, overhead doors, and updated paved parking.
Property Size2,400 SF
Price / SF$120.83
Days on Market49
Property Features for 430 N Main St
General Information
Standard status
Active
Size
2,400 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1950
Listing Agency:
Team Realty
Listed By:
Michael Anderson · License #7636794
(250) 465-0624
Source:
Homcentric
Added: Sep 6
Changed: Oct 12
Last Checked: Oct 5 at 11:13PM
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 Team Realty
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Investment Insights
Based on property information with market context.
Constructed in 1950, this flex-space property includes a 28-by-42-foot garage/shop area suited to commercial operations requiring functional work or storage space. Two 10-by-10-foot overhead doors support vehicle and equipment access, while the updated blacktop parking area provides on-site circulation and parking.
The property is located at 430 N Main St in Rice Lake, Wisconsin, placing the building directly along North Main Street. Its combination of flexible commercial space, a dedicated shop area, overhead-door access, and updated parking supports a range of business uses without adding unsupported assumptions about occupancy or permitted operations.
The property is located at 430 N Main St in Rice Lake, Wisconsin, placing the building directly along North Main Street. Its combination of flexible commercial space, a dedicated shop area, overhead-door access, and updated parking supports a range of business uses without adding unsupported assumptions about occupancy or permitted operations.
Key Highlights
- 28‑by‑42‑foot garage/shop area
- Two 10‑by‑10‑foot overhead doors
- Updated blacktop parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,705
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,100
$174.1K
Cap Rate 7%
$124,357
$124.4K
Cap Rate 9%
$96,722
$96.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$14.4K $6.00/SF
− Vacancy
−$1.0K −$0.42/SF
EGI
$13.4K $5.58/SF
− OpEx
−$4.7K −$1.95/SF
NOI
$8.7K $3.63/SF
Area
Barron County, WI
Vacancy
7.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,100
Cap Rate 7%
$124,357
Cap Rate 9%
$96,722
Alternative Uses
Best Use
Warehouse
$1.93M
$1.69M – $2.25M
NOI $134,983 @ 7.0% cap · market cap 46.55%
Second Best
Industrial
$1.59M
$1.39M – $1.85M
NOI $111,163 @ 7.0% cap · market cap 38.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
586
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
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Shank N Shig BBQ — 20 Phipps Ave, Rice Lake, WI 54868
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building with a dedicated garage area, overhead doors, and updated paved parking.
Where is this flex space located?
The property is located at 430 N Main St Rice Lake, WI.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 28‑by‑42‑foot garage/shop area; Two 10‑by‑10‑foot overhead doors; Updated blacktop parking area
