Flex Warehouse with Overhead
430 N Main St Rice Lake, WI 54868
430 N Main St, Rice Lake, WI, 54868
$307,000
For Sale
$307,000
Flexible warehouse space with a 28’ x 42’ shop and two 10’ x 10’ overhead doors, plus updated parking.
Property Size2,400 SF
Price / SF$127.92
Days on Market172
Property Features for 430 N Main St
General Information
- Standard status
- Active
- Size
- 2,400 SF
Listing Agency
Team Realty
(715) 234-1991
Listed by
Michael Anderson · License #76367-94
(715) 234-1991
Source
Exprealty
Added: Jan 30 Updated: Jul 10 at 2:04 pm Checked: Jul 20 at 6:59 am
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
Investment Insights
Based on property information with market context.
This property offers flexible commercial space centered on a 28’ x 42’ garage/shop layout designed for practical operations. Two 10’ x 10’ overhead doors provide drive-in functionality, supporting deliveries, equipment storage, and day-to-day work flow. The exterior includes a newly updated blacktop parking area to accommodate visitors and vehicles.
Located directly on North Main Street in Rice Lake, the building benefits from straightforward access for customers and crews. The street-front positioning supports visibility and convenient arrival for service needs, pickups, and general business traffic.
For buyers seeking a compact, versatile facility, the combination of overhead-door access and flexible interior space can suit a range of small business uses that require storage and service capability. The updated parking area helps support daily operations, while the well-defined shop footprint provides a straightforward foundation for establishing or expanding a working site. This is a practical option for an operator looking to own a ready-to-use warehouse/shop in a main-street setting.
Located directly on North Main Street in Rice Lake, the building benefits from straightforward access for customers and crews. The street-front positioning supports visibility and convenient arrival for service needs, pickups, and general business traffic.
For buyers seeking a compact, versatile facility, the combination of overhead-door access and flexible interior space can suit a range of small business uses that require storage and service capability. The updated parking area helps support daily operations, while the well-defined shop footprint provides a straightforward foundation for establishing or expanding a working site. This is a practical option for an operator looking to own a ready-to-use warehouse/shop in a main-street setting.
Key Highlights
- Over 2,400 SF of flexible commercial space for a variety of business needs
- 28’ x 42’ garage/shop with two 10’ x 10’ overhead doors
- Located directly on North Main Street
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.4k | $6.00 |
| − Vacancy | −$1.0k | −$0.42 |
| EGI | $13.4k | $5.58 |
| − OpEx | −$4.7k | −$1.95 |
| NOI | $8.7k | $3.63 |
2,400 SF · lease $6.00/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$1.93M
$1.69M – $2.25M
NOI $134,983 @ 7.0% cap · market cap 43.97%
Second Best
Industrial
$1.59M
$1.39M – $1.85M
NOI $111,163 @ 7.0% cap · market cap 36.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Shank N Shig BBQ — 20 Phipps Ave, Rice Lake, WI 54868
FAQs
What type of property is this?
Flex space - Flexible warehouse space with a 28’ x 42’ shop and two 10’ x 10’ overhead doors, plus updated 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 $307,000.
What are key features of this property?
This property features: Over 2,400 SF of flexible commercial space for a variety of business needs; 28’ x 42’ garage/shop with two 10’ x 10’ overhead doors; Located directly on North Main Street
