2304 S Main St, Rice Lake, WI 54868
- Commercial real estate
- 1.23 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2304 S Main St
- Lot size
- 1.23 lot acres
- Property type
- Commercial real estate
- APN
- 276-8001-36-000
- APU
- 276800136000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 5, 2025 | — | Rose Stone Common LLC | 2855 Mall Drive LLC | Warranty Deed | $2.2M · Westconsin Cu |
| Dec 6, 2023 | — | 2855 Mall Drive LLC | — | Deed · related | $250k · Northwestern Bank |
| Jun 18, 2021 | — | 2855 Mall Drive LLC | Lynette Randall | Administrators Deed | — |
| Jun 18, 2020 | — | 2855 Mall Drive LLC | — | Deed · related | $2.3M · Northern Interstate Bank NA |
| Jun 15, 2020 | $2,675,000 | 2855 Mall Drive LLC | Rose Stone LLC | Warranty Deed | $2.3M · Northern Interstate Bank NA |
| Dec 19, 2008 | — | Rose Stone Plaza LLC | Dougla J Raether | Warranty Deed | — |
Description
This exceptional mixed-use investment property, located at 2300-2304 S Main St, Rice Lake, WI 54868, presents a compelling opportunity. Boasting 22,993 square feet on a 1.48-acre lot, this Class B building offers a diverse tenancy including Subway, Check Into Cash, Fantastic Sam's, Citywide Finance Co., Edward Jones, Marshfield Clinic, Papa Murphy's, Badger Brew, Shopko Optical, and AT&T. The property features a newer roof and parking lot, providing ample parking at a rate of 5.05 spaces per 1,000 square feet. Currently operating at 100% occupancy with a 7.83% cap rate and an asking price of $3,300,000, this is a strong NNN lease investment. Built in 1990, this single-story building is zoned C and benefits from its prime location next to Culver's. The property's APN is 276-8001-36-000 and is offered as a 1031 exchange opportunity. This multi-tenant property offers a stable income stream and significant potential for long-term growth. The property's diverse tenant mix minimizes risk and ensures consistent cash flow. This is an ideal investment for those seeking a high-yield, low-maintenance property in a thriving Wisconsin community.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Rice Lake
- County
- Barron
- State
- Wisconsin
- Longitude
- -91.7363
- Latitude
- 45.4762
