431 S Main Street Rice Lake, WI 54868

Active
  • $499,000
  • MLS #1604656
431 S Main Street, Rice Lake, WI 54868
Commercial Sale  |  CommercialActive
431 S Main Street, Rice Lake, WI 54868
  • $499,000
  • MLS #1604656
  • Commercial Sale  |  Commercial
  • Property Type
  • 3,508
  • Sq Ft
  • 0.2
  • Acres

Description

Prime commercial investment opportunity positioned right on a prominent main street corner in Rice Lake. Offering exceptional visibility and high-exposure frontage from multiple directions, this versatile property features seven distinct income streams with four fully leased commercial spaces, suitable for storefronts or offices, and three fully rented residential apartments, each offering two bedrooms and one bathroom. The property also includes a detached two-car garage, ideal for vehicle parking or extra tenant storage space. With immediate cash flow and a strong, diversified revenue model combining steady residential leases with established commercial storefronts and offices, this high-traffic corner location presents endless options and outstanding potential for any investor looking to expand their portfolio right in the heart of town.

  • Address 431 S Main Street
  • City Rice Lake
  • State WI
  • Zip 54868

Property Features

Last Updated on October 6, 2026 at 8:33 AM
  • Above Grade Finished Area: 2,508 SqFt
  • Basement: Full
  • Below Grade Finished Area: 1,000 SqFt
  • Building Area Total: 3,508 SqFt
  • Cooling: Central Air, Ductless, Window Unit(s)
  • Foundation: Block
  • Heating: Forced Air
  • Interior Features: Other, See Remarks
  • Living Area: 3,508 SqFt

Exterior Features

  • Building Features: Private Restrooms
  • Construction: Vinyl Siding
  • Lot Size: 0.2 Acres
  • Sewer: Public Sewer
  • Water Source: Public

Property Details

  • 2025 Taxes: $5,662
  • County: Barron
  • Possession: Close of Escrow
  • Possible Use: Office, Other, Retail, See Remarks
  • Property Subtype: Commercial
  • School District: Rice Lake Area
  • Status: Active
  • Township: City of Rice Lake
  • Zoning: Commercial
  • Listing Office: Real Estate Solutions

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