Solid Block Office/Retail
For Sale
Contact for pricing
15 E Eau Claire Street, Rice Lake, WI 54868
Office or retail building with off-street parking and full basement.
Property Size836 SF
Price / SF$119.02
Days on Market958
Property Features for 15 E Eau Claire Street
General Information
Standard status
Active
Size
836 SF
Property subtype
Land
Building Details
Year Built
1975
Listing Agency:
Coldwell Banker Brenizer, Realtors Rice Lake
Listed By:
Ben Rivard · License #55555
(715) 234-5010
Source:
Crexi
Added: Mar 2, 2024
Changed: Oct 5
Last Checked: Oct 16 at 9:28AM
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 Coldwell Banker Brenizer, Realtors Rice Lake
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This solid block building, suitable for office or retail use, features a new roof and new electrical service box installed in 2023. The property is located a half-block from Main Street, across from the post office. The full basement provides storage space and includes a full bathroom. Off-street parking is available behind the building. The property has a size of 836 square feet.
Key Highlights
- Convenient location: just 1/2 block off Main St, across from the post office.
- New roof and new electrical service box installed in 2023.
- Flexible use: Suitable for office or retail purposes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,627
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,540
$172.5K
Cap Rate 7%
$123,243
$123.2K
Cap Rate 9%
$95,856
$95.9K
Market Conditions
NOI Build-Up for 836 SF
Gross rent
$14.7K $17.64/SF
− Vacancy
−$3.2K −$3.88/SF
EGI
$11.5K $13.76/SF
− OpEx
−$2.9K −$3.44/SF
NOI
$8.6K $10.32/SF
Area
Barron County, WI
Vacancy
22.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,540
Cap Rate 7%
$123,243
Cap Rate 9%
$95,856
Alternative Uses
Best Use
Office B
$123.2K
$107.8K – $143.8K
NOI $8,627 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$671.7K
$587.7K – $783.7K
NOI $47,019 @ 7.0% cap · market cap 47.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office or retail building with off-street parking and full basement.
Where is this office building located?
The property is located at 15 E Eau Claire Street Rice Lake, WI.
What is the asking price?
The asking price for this property is $99,500.
What are key features of this property?
This property features: Convenient location: just 1/2 block off Main St, across from the post office.; New roof and new electrical service box installed in 2023.; Flexible use: Suitable for office or retail purposes.
