Listing Agency: Colliers - Minneapolis - St. Paul, Minnesota

Listed By: Andy Lubinski · License #MN

Source: Crexi

Added: Oct 16, 2024 Changed: Aug 23 Last Checked: Aug 23 at 2:39AM

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Investment Insights

Based on property information with market context.

Located at 38 Messenger Street in Rice Lake, Wisconsin, this property offers an opportunity to re-imagine 11 acres of lakefront real estate in the heart of the historic downtown. The site, formerly an industrial hub, is now available for redevelopment. The City of Rice Lake, Barron County, and the State of Wisconsin are supportive of this redevelopment effort. Demolition funding is secured, and grants and aid are available, including WAM and SAG grants, as well as TIF incentives.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Building Supply Dental Office Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

552

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

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Frequently Asked Questions

What type of property is this?

Commercial land - 11 acres of lakefront land in Rice Lake's downtown.

Where is this commercial land located?

The property is located at 38 E Messenger St Rice Lake, WI.