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    116 Knapp St Rice Lake, WI 54868

    For Sale
    $499,000

    Prime Auto Shop, 3,436 sq ft, Updated

    Property size:
    3,436 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional owner-user opportunity presents a fully renovated 3,436 square foot auto shop located at 116 W Knapp St, Rice Lake, WI 54868. The single-story building, renovated in 2020, boasts a prime location on Knapp Street, experiencing daily traffic exceeding 9,000 vehicles. The property includes three offices, a spacious area accommodating multiple salespeople, two bathrooms, and a convenient breakroom/kitchen. The shop features one bay with 12-foot ceilings and a lift, plus two additional heated bays for mechanical work. Recent upgrades include a brand-new roof and a furnace/AC system only three years old. The sale includes all existing furniture, such as desks, chairs, and tables. The property sits on a lot that includes two additional recently paved lots. Zoned for commercial use, this property is ideal for an established business seeking expansion or a new venture looking for a turnkey operation. The building is situated in Barron County and has a total of one unit. All systems are in place for immediate occupancy.

    Property Features for 116 Knapp St

    General Information

    Property type
    Automotive properties
    Square Feet
    3,436 SF

    Building Details

    Year Renovated
    2020
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $499,000 asking price for this owner‑user investment opportunity.
    • 3,436 square foot retail building, currently configured as an auto shop.
    • Located at 116 W Knapp St, Rice Lake, WI 54868.
    • Single‑story, 2020 renovated building with one bay featuring a lift and 12‑foot ceilings.
    • Includes three offices, two bathrooms, and a breakroom/kitchen. All furniture included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rice Lake
    County
    Barron
    State
    Wisconsin
    Longitude
    -91.7372864
    Latitude
    45.5085663

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    FAQs

    What type of property is this?
    Automotive property - Prime Auto Shop, 3,436 sq ft, Updated
    Where is this automotive property located?
    The property is located at 116 Knapp St Rice Lake, WI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: $499,000 asking price for this owner-user investment opportunity.; 3,436 square foot retail building, currently configured as an auto shop.; Located at 116 W Knapp St, Rice Lake, WI 54868.
    Request Owner's contact information
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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
    116 Knapp St Rice Lake, WI 54868
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