Rice Lake, WI Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Rice Lake, Wisconsin Market population: 8K. Compare commercial properties across all major asset classes...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Rice Lake WI Properties: 1.4900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Rice Lake WI
Common questions from investors exploring commercial real estate in Rice Lake WI.
What's the overall investment potential of Rice Lake, WI, considering its demographics and economy?
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Rice Lake's relatively high poverty rate of 16.7% is somewhat mitigated by its strong health insurance coverage of 91.1%, indicating a degree of employment stability, and its short average commute time of 13.8 minutes suggests a convenient and livable environment for residents, with top industries like Public Administration and Finance & Insurance driving local economic activity.
How does the city's ethnic diversity and industry mix impact demand for real estate investments?
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The city's predominantly White population, with a small but present Hispanic community, and its diverse top industries including Professional, Scientific, & Management services, suggest a relatively stable and growing demand for housing, especially considering the low foreign born rate of 1.4% and the high employment rate of 3989, which can support a strong rental market.
What are the key factors influencing the quality of life for residents and, by extension, the attractiveness of real estate investments in Rice Lake?
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The combination of a short average commute time of 13.8 minutes, high health insurance coverage of 91.1%, and a median household income of $35,379, along with a relatively low GINI coefficient of 0.424 indicating less income inequality, all contribute to a high quality of life, making Rice Lake an attractive location for both residents and real estate investors, especially those interested in a stable, working-class market.
How do property values, taxes, and ownership rates in Rice Lake impact real estate investment decisions?
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With a median property value of $117,600 and median property taxes of $2,181, Rice Lake offers relatively affordable investment opportunities, and its homeownership rate of 53.7% suggests a balanced market with room for rental properties, especially considering the city's employed population of 3989 and the presence of top industries like Finance & Insurance, which can support a stable tenant base.
What role does the city's commute infrastructure and transportation options play in assessing its investment potential?
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The fact that the top commute methods include Drove Alone, Carpooled, and Worked At Home, alongside an average commute time of just 13.8 minutes, indicates well-developed infrastructure and flexibility in transportation options, which can enhance the quality of life for residents and thus support the demand for housing, making real estate investments in Rice Lake more appealing, particularly when combined with its diverse economy and relatively high health insurance coverage rate of 91.1%.
Rice Lake WI Real Estate & City Facts
Key facts and real estate information about Rice Lake WI.
What are some of the best neighborhoods to live in Rice Lake?
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Some of the best neighborhoods to live in Rice Lake include Rice Lake Crazies, which is known for its friendly atmosphere and clean surroundings. Other desired areas tend to be in the central parts of the city, while more affordable homes are in the southwest regions.
What are some fun things to do in Rice Lake?
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There are plenty of fun things to do in Rice Lake, including visiting the Cedar Side Walking Trail, Red Barn Theatre, Rice Lake Curling Club, and Skate City. You can also enjoy outdoor activities like fishing, swimming, hiking, hunting, and snowmobiling.
What is the food scene like in Rice Lake?
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The food scene in Rice Lake is vibrant, with a variety of restaurants to choose from, such as Lehman's Supper Club, Adventures Restaurant & Pub, and Drag's. There are also plenty of great food trucks and buffets, like the Turtle Lake Buffet and Lake Buffet.
What are the pros and cons of living in Rice Lake?
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The pros of living in Rice Lake include its friendly community, clean surroundings, and plenty of outdoor activities to enjoy. However, some cons include the limited job opportunities and a relatively high poverty rate. Overall, Rice Lake is a great choice for those who value a close-knit community and a relaxed pace of life.
Is Rice Lake a good place to live?
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Rice Lake is a good place to live for those who value a small-town atmosphere and plenty of outdoor activities. While it may have its drawbacks, the community is friendly, and there are plenty of things to see and do. Ultimately, whether or not Rice Lake is a good place to live depends on your individual preferences and priorities.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Rice Lake WI Commercial Property: $35,379
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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