2756 23 1/2 St Rice Lake, WI 54868
- Land
Current Use by Public Records
- Wagon Wheel / Bar & Grill
Property Details for 2756 23 1/2 St
- Property type
- Land
- Property subtype
- Hospitality properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rice Lake
- County
- Barron
- State
- Wisconsin
- Longitude
- -91.6729
- Latitude
- 45.6039
