2460-2500A Main St Rice Lake, WI 54868
SouthRidge Center, a thriving retail property in Rice Lake, Wisconsin, presents a unique investment opportunity. This 65,095 square foot center, originally developed in 1977 and extensively renovated in 1996, boasts a prime location at the busiest intersection in town, County Highway O and South Main Street. The center features a grocery store anchor and offers multiple tenancy options, with spaces ranging from a minimum of 1,243 square feet to a maximum contiguous space of 17,000 square feet. Currently, there are 20,130 square feet of vacant space available, providing significant potential for expansion or new tenants. The property sits on a substantial 6.7-acre lot and includes ample parking with 264 spaces to accommodate customers and employees. Its strategic location offers excellent visibility and accessibility, further enhanced by its proximity to Cedar Mall, home to established retailers such as Herberger's and Dunham Sports. This well-maintained center presents a compelling opportunity for businesses seeking a high-traffic location in a growing community within Barron County. The property's history of successful tenancy and its prime location make it an attractive investment for both established businesses and new ventures.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.