Restaurant with Equipped
For Sale
$370,000
930 Haugen Ave, Rice Lake, WI 54868
A roomy parking area accommodates RVs and other large vehicles, while the kitchen supports catering operations.
Property Size2,324 SF
Price / SF$159.21
Days on Market9
Property Features for 930 Haugen Ave
General Information
Standard status
Active
Size
2,324 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$5,859
Listing Agency:
Chippewa Valley Real Estate, LLC
(715) 514-5440
Listed By:
The Raven Team · License #5085390
(715) 620-1600
Source:
Exprealty
Added: Sep 27
Changed: Oct 3
Last Checked: Oct 4 at 4:13PM
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 Chippewa Valley Real Estate, LLC
Investment Insights
Based on property information with market context.
Located at 930 Haugen Ave in Rice Lake, this restaurant has a 1950s- and 1960s-inspired diner interior, an equipped kitchen, ample storage, and a steam table. The kitchen is set up for catering, and equipment is in place for continued restaurant operations. The dining area has been refreshed, with interior paint updates and exterior siding work also completed. A rubber roof was installed approximately five years ago; plumbing and electrical work have been updated as well.
The property is on Rice Lake’s north side, just off Hammond Avenue, and near a UTV and snowmobile trail that connects with the Tuscobia Trail. The parking area can accommodate RVs, campers, and other large vehicles. The current owners are willing to provide transition training.
The property is on Rice Lake’s north side, just off Hammond Avenue, and near a UTV and snowmobile trail that connects with the Tuscobia Trail. The parking area can accommodate RVs, campers, and other large vehicles. The current owners are willing to provide transition training.
Key Highlights
- Equipped kitchen with ample storage and a large steam table
- Kitchen setup supports catering operations
- Parking area can accommodate RVs, campers, and other large vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,372
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,440
$407.4K
Cap Rate 7%
$291,029
$291.0K
Cap Rate 9%
$226,356
$226.4K
Market Conditions
NOI Build-Up for 2,324 SF
Gross rent
$27.9K $12.00/SF
− Vacancy
−$725 −$0.31/SF
EGI
$27.2K $11.69/SF
− OpEx
−$6.8K −$2.92/SF
NOI
$20.4K $8.77/SF
Area
Barron County, WI
Vacancy
2.60%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,440
Cap Rate 7%
$291,029
Cap Rate 9%
$226,356
Alternative Uses
Best Use
Industrial
$1.54M
$1.35M – $1.79M
NOI $107,643 @ 7.0% cap · market cap 29.09%
Second Best
Specialty Retail
$291.0K
$254.7K – $339.5K
NOI $20,372 @ 7.0% cap · market cap 5.51%
Theoretical Best
Warehouse
$1.87M
$1.63M – $2.18M
NOI $130,709 @ 7.0% cap · market cap 35.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
359
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A roomy parking area accommodates RVs and other large vehicles, while the kitchen supports catering operations.
Where is this conventional restaurant located?
The property is located at 930 Haugen Ave Rice Lake, WI.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Equipped kitchen with ample storage and a large steam table; Kitchen setup supports catering operations; Parking area can accommodate RVs, campers, and other large vehicles
