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    2756 23 1/2 St Rice Lake, WI 54868

    For Sale
    $350,000

    Established Bar/Restaurant w/ Apartment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a thriving bar and restaurant, "The Wagon Wheel," ideally situated on Main Street in Brill, Wisconsin, a short drive from Rice Lake. The property includes a two-bedroom apartment currently generating $500 per month in rental income (utilities included), plus a garage renting for $900 annually (tenant vacating December). Furniture, fixtures, and equipment (FFE) are included in the sale. Two additional adjacent parcels provide significant expansion potential. The property's location on ATV and snowmobile trails attracts outdoor enthusiasts. Financial details are available under a Non-Disclosure Agreement (NDA). The asking price is $350,000. The adjacent mill building is in unknown/poor condition and requires caution; it has no lighting. The seller is not liable for the condition of the mill building. Goods inventory is sold separately. Buyer and prospective purchasers are responsible for verifying all measurements and data. The property consists of three parcels: 032-4044-14-000, 032-1300-13-000, and 032-1300-15-000. Directions from Rice Lake: From the North side of Rice Lake: Travel East on WI-48. Turn left onto 22nd St. Turn Right onto 26th Ave. Left onto 23 1/2 St. From Hwy 53 N: Right onto 26th Ave. Left on 23 1/2 St. Signs are on the property.

    Property Features for 2756 23 1/2 St

    General Information

    Property type
    Land

    HighLights

    • Established bar and restaurant in Brill, WI, near Rice Lake.
    • Includes a 2‑bedroom apartment with $500/month rental income (utilities included) and a garage renting for $900/year.
    • Two adjacent parcels provide expansion or development potential.
    • Furniture, fixtures, and equipment (FFE) included.
    • Financial details available under NDA.
    • Buyer and agent to verify all measurements and data.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wagon Wheel Bar & Grill

    Suggested Use

    Restaurant Auto Repair Shop Bar & Pub HVAC Service Electrical Service Locksmith

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rice Lake
    County
    Barron
    State
    Wisconsin
    Longitude
    -91.6729101
    Latitude
    45.6038995

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    FAQs

    What type of property is this?
    Land - Established Bar/Restaurant w/ Apartment
    Where is this land located?
    The property is located at 2756 23 1/2 St Rice Lake, WI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Established bar and restaurant in Brill, WI, near Rice Lake.; Includes a 2-bedroom apartment with $500/month rental income (utilities included) and a garage renting for $900/year.; Two adjacent parcels provide expansion or development potential.
    Request Owner's contact information
    2756 23 1/2 St Rice Lake, WI 54868
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2756 23 1/2 St Rice Lake, WI 54868
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