$960,000.00
11 E Marshall Street
Rice Lake, WI 54868
Fully leased former City Hall Building built in early 1900's and renovated into a beautiful office building in 2018. The building has 7 individual suites ranging from 485 SF to 3,000 SF. Gross Rental Income is $132,628 with annual expenses of $48,000 resulting in a Net Operating Income of $84,628 or a 8.82 CAP Rate. This is an ideal purchase for investment at only $960,000.
Property Info
8,512 sq ft
0.399 acres
Parcel Number: 276-1642-52-000
Proposed Use: Investor / Owner Occupant / Office
Zoning: Commercial
Sales Notes
Confidentially Agreement and Proof of Funds required.
Directions
North on Main Street in Rice Lake, right on Marshall to building on the left. Adjacent to RL Library and Sterling Bank.
Agent Info
Agent: Charles Feather
Agent Phone: (715) 308-6600