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2850 Pioneer Ave 4,364 SF Retail Building Rice Lake, WI 54868 $875,000 ($200.50/SF)
Investment Highlights
- Prime location along Rice Lake's primary retail corridor with exposure to approximately 18,800 vehicles per day.
- Ample on-site parking with approximately 20 stalls.
- Excellent visibility, accessibility, and signage potential with convenient access from Pioneer Avenue and South Access Road.
- Recent capital improvements include LED lighting upgrades (2020) and a new roof (2025).
- Surrounded by established retailers, restaurants, and community amenities in a high-traffic commercial district.
Executive Summary
Formerly occupied as a retail bank branch, this 4,364-square-foot commercial building at 2850 Pioneer Avenue in Rice Lake, Wisconsin, presents an excellent opportunity for a variety of retail, office, financial, or service-oriented users. Situated on approximately 0.89 acres in a highly visible retail corridor with traffic counts exceeding 18,800 vehicles per day, the property benefits from strong exposure and convenient access. The single-story building features two drive-thru lanes plus an ATM pass-through lane, approximately 20 parking stalls, and a functional layout that can accommodate a range of business operations. Recent capital improvements include an LED lighting upgrade completed in 2020 and a new roof installed in 2025. Surrounded by major retailers, restaurants, hospitality, and service businesses, the property is well positioned within one of Rice Lake’s primary commercial districts.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
4,364 SF
Building Class
C
Year Built
2010
Price
$875,000
Price Per SF
$200.50
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.89 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
20 Spaces (4.58 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 276-8001-33-006 | Improvements Assessment | $1,028,400 |
| Land Assessment | $255,000 | Total Assessment | $1,283,400 |
Property Taxes
Parcel Number
276-8001-33-006
Land Assessment
$255,000
Improvements Assessment
$1,028,400
Total Assessment
$1,283,400
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