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    Cameron, WI Barron, WI Birchwood, WI Cumberland, WI Sarona, WI Chetek, WI Barronett, WI Almena, WI
    Two-Building Commercial Property
    Updated: Apr 30
    Two-Building Commercial Property

    2248 20 1/4 Street, Rice Lake, WI 54868

    $349,000
    2,768 sqft 0.64 AC lot
    Two‑building commercial property on approx. 0.64 acres just north of Rice Lake along Hwy 48 at a busy intersection
    Building A approx. 2,700 SF previously operated as a restaurant; includes large walk‑in cooler and adaptable layout for retail, office, or food service
    Building B approx. 2,300 SF newer structure with open, flexible space for events, showroom, storage, or additional business use
    Ample on‑site parking and updated mechanicals, plus infrastructure in place to support multiple business types
    Utilities include well water and private sewer/septic tank; heating is forced air with central air
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    This listing looks promising.

    Here's a quick look at some key insights for

    2248 20 1/4 Street, Rice Lake, WI 54868

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    • Est. Cap Rate

      7%
      Above avg (5.9%)

    • Est. NOI

      $24K
      Annual

    • Price @ 7% Cap

      $347K
      Suggested

    • Last Sold

      Oct 2021
      $166K
    View Property Analytics
    Established Bar and Restaurant For Sale
    Updated: May 11
    Established Bar and Restaurant For Sale

    2756 23 1/2 Street, Rice Lake, WI 54868

    $339,900
    4,172 sqft 0.97 AC lot
    Prime location on Main Street in Brill, WI, offering high visibility and accessibility.
    Direct access to ATV, snowmobile, and Tuscobia Trails, attracting outdoor enthusiasts.
    Established bar and restaurant business with existing customer base.
    Includes a 2‑bedroom rental apartment for additional income or employee housing.
    Additional parcels across the street offer expansion or development opportunities.
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    Established Restaurant in Rice Lake
    Established Restaurant in Rice Lake

    36 W Marshall Street, Rice Lake, WI 54868

    $289,900
    4,776 sqft 0.21 AC lot

    Established restaurant with a great corner location in Rice Lake.

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    Remodeled Stand-Alone Restaurant
    Remodeled Stand-Alone Restaurant

    2023 Cenex Dr, Rice Lake, WI 54868

    $1,100,000
    5,616 sqft

    Newly remodeled stand-alone restaurant with move-in-ready interior and exposure at a major highway intersection.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Rice Lake, WI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multi-Use Commercial Building
    Multi-Use Commercial Building

    W3747 County Highway B, Sarona, WI 54870

    $199,900
    2,230 sqft 2.21 AC lot

    This multi-use building features a covered porch and recent roof and truss updates from 2025.

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    Turnkey Bar and Entertainment Venue
    Turnkey Bar and Entertainment Venue

    48 S 5th St, Barron, WI

    $200,000
    4,600 sqft

    Turnkey bar and entertainment venue with a commercial kitchen, walk-in cooler, and live music stage.

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    Flex Building with Covered Porch
    Flex Building with Covered Porch

    W3747 County Hwy B, Sarona, WI 54870

    $199,900
    2,230 sqft

    2,230 SF flex building with new roof and trusses and an 18x24 covered porch for year-round use.

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    Restaurant with Apartment and Garage
    Restaurant with Apartment and Garage

    613 E La Salle Avenue, Barron, WI 54812

    $195,000
    2,673 sqft 0.14 AC lot

    Restaurant space with an on-site rented apartment, plus a 16x24 garage for storage and business equipment needs.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Business-Zoned Commercial Land
    Business-Zoned Commercial Land

    Industrial Avenue, Turtle Lake, WI 54889

    $950,000
    10.37 AC lot

    Business-zoned land with State Highway 63 frontage and paved city access for a range of commercial uses.

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    Highway 27 Commercial Lot
    Highway 27 Commercial Lot

    Highway 27 lot: #1, Hayward, WI 54843

    $59,000
    0.47 AC lot

    Commercial lot on Highway 27 in Hayward, Wisconsin.

    View details
    Commercial Development Land
    Commercial Development Land

    24175 1st Avenue, Siren, WI 54872

    $58,000
    0.98 AC lot

    A 0.98-acre commercial lot in Siren, WI, offered with flexible owner financing for future development plans.

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    Commercial Development Land Parcel
    Commercial Development Land Parcel

    1st Avenue, Siren, WI 54872

    $42,000
    0.44 AC lot

    Commercial lot in Siren, WI offered with owner financing, suitable for a range of development and business uses.

    View details

    Rice Lake, WI Restaurants Market Trends and Statistics

    Explore 4 restaurants for sale in Rice Lake, WI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 17,332 square feet of properties for sale, with an estimated market value of $2,078,800.

    Sale prices for restaurant properties in Rice Lake, WI start at $289,900, averaging $519,700, and reaching up to $1,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 3
    Bars & Pubs 1
    Drive through restaurants 1

    Demographics Overview

    Population 16K
    Population Growth (5Y) +4.4%
    Median Household Income $64,567
    College Educated 35.2%

    High-Yield Neighborhoods for Investment

    Identify Rice Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    54868 $288.4K

    Taxes & Financing

    Tax Rate (average for all types) 1.75%
    Tax Rate vs County Average 0.06 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Barron County

    New Delisted

    Total CRE Inventory on Market (SF)

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