431 S Main Street, Rice Lake, WI 54868
3,508 sqft · $142/sqft · 0.2 acres
MLS# 1604656
About 431 S Main Street, Rice Lake, WI 54868
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.
Property Details
- Possession
- Close Of Escrow
- Zoning
- Commercial
- Heating
- Forced Air
- Cooling
- Central Air, Ductless, Window Units
- Water
- Public
- Sewer
- Public Sewer
- Foundation
- Block
- Construction
- Vinyl Siding
- Interior Features
- Other, See Remarks
- School District
- Rice Lake Area
- County
- Barron
- Township
- City of Rice Lake
- Directions
- Head North on S Main Street in Rice Lake, on the corner of Allen and S Main Street, you will see the property on the right hand side.
- Parcel Number
- 276500487000
- Legal Description
- OL 152-6 PRT OUTLOT 152 SHOWN AS LOT 1 CSM 14/65 #1992 DOC 471365 EX LOT 1 CSM 15/132 #2201 DOC 484791 (LC VENDOR: DANIEL K ORGAN DOC 900310)
- Listing Brokerage
- Real Estate Solutions
Location
- Parks
What's Near 431 S Main St, Rice Lake, WI 54868
Nearby Parks
- 0.2 mi
- 0.2 mi
- 0.2 mi
Nearby Boat Landings
- 12.9 mi
Rice Lake Area Schools
Rice Lake Area School District
Nearby colleges & universities
- Northwood Tech – Rice Lake 0.8 mi · Rice Lake
School information is sourced from public NCES data (assigned public schools from attendance-boundary data; nearby private schools and colleges by distance) and may change. Confirm directly with the school or district before relying on it.
Rice Lake Property Taxes
- Annual tax
- $5,662.04 (2025)
- Parcel #
276500487000- County
- Barron
Legal: OL 152-6 PRT OUTLOT 152 SHOWN AS LOT 1 CSM 14/65 #1992 DOC 471365 EX LOT 1 CSM 15/132 #2201 DOC 484791 (LC VENDOR: DANIEL K ORGAN DOC 900310)
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