510 Wisconsin Ave Rice Lake, WI 54868
This exceptional mixed-use property, located at 510 S Wisconsin Ave in Rice Lake, WI, presents a unique commercial opportunity. The 9,820 square foot building, constructed in 1970 with a significant addition in 1999, sits on a 3.64-acre lot and boasts a prime corner location at the intersection of West Allen Street and South Wisconsin Avenue, ensuring high visibility and accessibility. Currently occupied by a church (vacating at closing), the property is zoned for commercial use, offering immense potential for a variety of businesses. The single-story building offers ample space and the large lot allows for potential expansion. The property's proximity to schools, residential areas, and other local businesses guarantees strong community engagement and foot traffic. All measurements and data should be independently verified by the buyer. Fixtures, furniture, and equipment are negotiable, excluding specific church items (organs, pianos, pews) and a leased copy machine. The asking price is $875,000. The property's legal description includes Outlot 275 Ex 165 sq ft (as described in #816223 Outlots City of Rice Lake, MOS #7331) and Outlot 277-2 (partially described in D'S 128 pg 203 & D'S 360/469 Outlots City of Rice Lake). A 72+ hour period is required for binding acceptance. This is a truly remarkable opportunity for investors or business owners seeking a high-impact location in a thriving community.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.