1 S Main Street, Rice Lake, WI 54868 (MLS# 6822945)

1 S Main Street, Rice Lake, WI 54868

$379,900
Property Type: Commercial Bedrooms: 3 Baths: 4 Square Footage: 4,059 Lot Size (sq. ft.): 2,614 Status: Active
Current Price: $379,900 List Date: 12/06/2025 Last Modified: 8/27/2026

Overview

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 (tenant 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 ...

Listing Details MLS# 6822945

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
2
Owner Occupied
No
Waterfront YN
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
1470
For Sale or Lease
For Sale
Acres
0.06
Lot Dimensions
112x25
Assessment Pending
Unknown

Property Features

Accessible: None Air Conditioning: Central Air Assumable Loan: Not Assumable CMU Style: Apartments and Retail; Mixed Use; Retail/Shopping Center Construction Status: Previously Owned Current Use: Beauty/Barber Shop; Office; Professional Service Exterior: Stucco Foundation: Stone Fuel: Natural Gas Heating: Baseboard; Forced Air Location Description: Free Standing Lock Box Type: Combo On Site Utilities: Electric Separate Parking Characteristics: Parking Lot Potential Use: Office; Shop Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Exclusions
tenants personal
Contingency
None
ListPrice
379900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
Yes
Street Direction Prefix
S
Street Name
Main
Street Suffix
Street
Postal City
Rice Lake
County
Barron
State
WI
Zip Code
54868
Complex/Dev/Subdivision
Addition B

Assessments

Tax With Assessments
3917

Basement

Foundation Dimensions
24x66

More Information

Building Information

Building Finished SqFt
4009
Building SqFt
4059

Income and Expenses

Annual Gross Expenses
5000
Annual Gross Income
31200

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
11W
Section#
21
Township#
35N

Sale Options

Sale Includes
Building

Unit 1

Unit Number
Yes
Monthly Rent
1200
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
3
Level
2nd Level
Unit Total SqFt
1140
Leased?
Yes
Lease Expiration Date
2026-01-05

Unit 2

No. of 2 Bedroom Units
Yes
Half Baths
2
Lease Expiration Date
2026-01-05
Leased?
Yes
Level
Main Level
Monthly Rent
1400
Three-Quarter Baths
Yes
Total Bathrooms
3
Unit Number
2
Unit Total SqFt
2920

Unit Details

Total Units
3
IDX
Listing Office: Keller Williams Realty Diversified
Last Updated: August - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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