$349,000

0 Beds 0 Baths 2,768 Sqft

2248 20 1/4 Street, Rice Lake, WI 54868

Property Type: Commercial
Building Type: 4-Season
Time on Market: 19 days
Price per Sqft: $126
Lot Size: 261 x 262 x
Total Taxes: $4,227
Est. Age: 21+ Years

Description

Prime commercial opportunity just north of Rice Lake along highly traveled Hwy 48, offering excellent visibility and strong daily traffic exposure at a busy intersection. Situated on approximately 0.64 acres, this property is ideally positioned for a wide range of business opportunities with easy access and high visibility. The property features two versatile buildings. Building A ( 2,700 sq ft) was previously operated as a restaurant and offers a functional layout that can easily be adapted for retail, office, or food service use with large walk-in cooler. Building B ( 2,300 sq ft) is a newer structure with open, flexible space?perfect for events, showroom space, storage, or additional business operations. Additional highlights include ample on-site parking, updated mechanicals, and infrastructure already in place to support multiple business types. With its strategic location, flexible layout, and strong exposure, this property presents an excellent opportunity for owner-occupants or investors looking to establish, expand, or reposition a business in a growing area.

Property Details

Interior

Basement:
  • None / Slab, Poured Concrete
Heating/Cooling:
  • Central Air, Forced Air
Heat Fuel:
  • Natural Gas
Sqft:
  • Total Sqft: 2,768
  • Estimated Sqft Range: 2501-3000

Exterior

Acreage:
  • Range: 0.5 to .99
Exterior:
  • Wood
Lot:
  • Size: 261 x 262 x
Water:
  • Waterfront: N
Water/Waste:
  • Private Septic System, Holding Tank, Well

Misc.

Commercial:
  • Features: Restroom(s), High Speed Internet
New Construction:
  • N
Postal:
  • Code: 54868
Real Estate Included:
  • Y
Street:
  • Name: 20 1/4 Street
  • Suffix: STREET
Tax Year:
  • 2025
Zoning:
  • Commercial

Map

Listing Agent-Provided Directions:
  • From Rice Lake: north on Hwy 48, 1.4 miles to property on left.

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Schools and Neighborhood

School District:
  • Rice Lake
Postal City:
  • Rice Lake
Municipality:
  • Name: RICE LAKE
  • Type: Town
County:
  • BARRON

Market Comparison

How this property compares to local market averages — calculated 5/21/2026

This Property
Rice Lake Commercial Property Avg
Barron County Commercial Property Avg
List Price
$349,000
$312,032
$394,360
Median Price
$316,000
$299,900
Price / Sq Ft
$126
$116
$111
Days on Market
19 days
125 days
160 days
Total Listings
28
61

Listing Information

  • Time on Market: 19 days
  • Place Perfect Last Updated: 2026-05-19 12:59:29
  • MLS Number: 1599730
  • Subsystem Locale: WIREX_NWW
  • Listing Office: Real Estate Solutions
  • Listing Agent: Daniel Nelson
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This information is provided by WIREX via the REALTORS Association of Northeast Wisconsin multiple listing service and is exclusively for consumers’ personal, non-commercial use. Information is deemed reliable but not guaranteed.

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