For Sale: Rice Lake MLS# 6822945
Active
NEW!
$379,900
Commercial: 2 Stories
Built 1900
0.06 acres
Rice Lake Area schools
MLS# 6822945
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Property Description
Excellent mixed-use investment opportunity in the heart of downtown Rice Lake with prominent corner-lot visibility along the recently revitalized Main Street corridor. The main level offers a well-maintained salon/studio space with great natural light, customer flow, and street presence. The lower level, accessible by both interior stairs and separate exterior walkout, provides additional flexible square footage with multiple service rooms/offices, lobby/reception area, and two bathrooms—ideal for various business uses and operations! The upper level features a 3-bed, 1-bath apartment with a functional layout and views overlooking downtown, offering strong rental value or live-work potential. Tenants occupy on month-to-month leases: main + lower level at $1, 400/month (tenant pays utilities), upper apartment at $1, 200/month (landlord pays utilities). Central A/C and forced air on main level; upper unit baseboard heat. Property is tenant-occupied—scheduled showings only. Please do not disrupt business operations.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$379,900
Property Type:
Commercial
City:
Rice Lake
Garage Spaces:
0
County:
Barron
Year Built:
1900
State:
WI
Property Style:
2 Stories
Zip Code:
54868
Subdivision Name:
Addition B
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
2
Air Conditioning:
Central Air
Foundation Size:
1,470 ft2
Foundation Dimensions:
24x66
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
Parking Features:
Parking Lot
Exterior Material:
Stucco
Lot & Land
Acres:
0.06
Geolocation:
45.501539, -91.733009
Inclusions:
Building
Lot Dimensions:
112 x 25
Zoning:
Business/Commercial
Schools
School District:
4802
District Phone:
715-234-9007
Expenses
Annual Gross Expense:
$5,000
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$3,917
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,917
Income
Annual Gross Income:
$31,200
Units
Total Units:
3
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Office
- Professional Service
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Realty Diversified.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.