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For Sale

$309,900

36 Marshall Street Rice Lake, WI 54868

4,776 sqft · 0.21 acres · Built 1940

Listed Apr 24, 2026

About 36 Marshall Street

Here is your opportunity to own an established community staple.

Whether for a scoop of ice cream after a big win or just a sandwich and coffee for lunch.

The Milk Pail has been a local favorite for years.

With a great corner location downtown and over 4700 square feet of space, you can keep the tradition going or have plenty of space to start your own.

With a huge kitchen and plenty of prep/storage space, the building offers the space to expand and meet your goals/needs.

Please call for more information.

Property Details

Lot Dimensions: 99 x 132 x
Possession: Close Of Escrow
Zoning: Commercial
Heating: Forced Air
Cooling: Central Air
Water: Public
Sewer: Public Sewer
Foundation: Stone
Construction: Brick, Metal Siding, Wood Siding
Interior Features: Furnished
School District: Rice Lake Area
County: Barron
Township: City of Rice Lake
Directions: West off N Main St. Property located on SE corner of W Marshall St. and N Wilson St.
Parcel Number: 276-1885-15-000
Legal Description: PLAT 16-2 & LOT 17 LOT 17 BLK 14 & W 3 FT LOT 16 BLK 14 ORIGINAL PLAT CITY OF RICE LAKE.

Price & Listing History

Apr 2019 · Listed

$224,000
Jan 2020 · Sold · 259 days on market

$184,000

Price reduced $224,000 → $184,000 before sale
Mar 2023 · Listed

$299,000

+62.5% above last sale $184,000 in 2020 (+$115,000 over 3.2 years · +16.5% per year)
Jul 2024 · Sold · 469 days on market

$250,000

Price reduced $299,000 → $275,000 before sale

+7.1% per year from prior sale 4.5 years earlier
Jan 2026 · Listed

$309,900

+24.0% above last sale $250,000 in 2024 (+$59,900 over 1.6 years · +14.8% per year)
Currently active · 104 days on market

Now $299,900

Annualized appreciation: +7.1% per year from 2020 to 2024 (4.5 years — $184,000 → $250,000)

Prior price and listing information from sources believed to be reliable, but no guarantees of accuracy and data has not been confirmed. Please confirm with county official documents.

Flood Zone

Not in a Special Flood Hazard Area · FEMA Zone X

AREA OF MINIMAL FLOOD HAZARD

Federally-backed mortgages do not require flood insurance for properties in this zone.

Source: FEMA National Flood Hazard Layer. Flood maps are updated periodically (typically every 5–10 years per area) and may not reflect current ground conditions or recent improvements. For mortgage purposes, your lender may obtain an official Flood Determination from a licensed firm. Always verify before making decisions.