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1570 Macauley Ave 5,250 SF 100% Leased Industrial Building Rice Lake, WI 54868 $646,886 CAD ($123.22 CAD/SF) 5.12% Cap Rate
Investment Highlights
- Newly constructed 5,250 SF Commercial Building
- Large parking lot with two access drives off city street
- Easy access to major transportation
- 14' ceiling, 12' X 12' overhead doors with opener, 36" steel access door
Executive Summary
Move your business to this 2 year old 5,250 SF commercial building just off Main Street in Rice Lake, WI. Units 1, 2, 3 are 21' wide X 50' deep. Units 4 & 5 are open featuring 42' X 50'. All units are occupied with several months to several years left on their lease.
The building was constructed in 2024 with storage and distribution in mind. Features added to the construction include 5" concrete, 3" asphalt parking lot, 36" service door and 12' X 12' powered overhead door plus 100 amp service for each bay.
Each unit rents for $525 per month plus electricity. The owner provides snow removal, lawn care, insurance and real estate taxes.
The building was constructed in 2024 with storage and distribution in mind. Features added to the construction include 5" concrete, 3" asphalt parking lot, 36" service door and 12' X 12' powered overhead door plus 100 amp service for each bay.
Each unit rents for $525 per month plus electricity. The owner provides snow removal, lawn care, insurance and real estate taxes.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$43,126
|
$8.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$43,126
|
$8.21
|
| Taxes |
$5,798
|
$1.10
|
| Operating Expenses |
$4,226
|
$0.81
|
| Total Expenses |
$10,024
|
$1.91
|
| Net Operating Income |
$33,101
|
$6.31
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $43,126 |
| Annual Per SF | $8.21 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $43,126 |
| Annual Per SF | $8.21 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,798 |
| Annual Per SF | $1.10 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,226 |
| Annual Per SF | $0.81 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $10,024 |
| Annual Per SF | $1.91 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $33,101 |
| Annual Per SF | $6.31 |
Property Facts
Amenities
- 24 Hour Access
- Storage Space
Utilities
- Lighting
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Don Lorenz
- Transportation and Warehousing
- 1,050 SF
- $718.76 CAD
- Plus Utilities
- -
- Feather Real Estate Group
- Real Estate
- 2,100 SF
- -
- Plus Utilities
- -
- Home Medical
- Administrative and Support Services
- 1,050 SF
- $718.76 CAD
- Plus Utilities
- Nov 2027
- Scott Cooper
- Construction
- 1,050 SF
- $732.45 CAD
- Plus Utilities
- Sep 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Don Lorenz | Transportation and Warehousing | 1,050 SF | $718.76 CAD | Plus Utilities | - | |
| Feather Real Estate Group | Real Estate | 2,100 SF | - | Plus Utilities | - | |
| Home Medical | Administrative and Support Services | 1,050 SF | $718.76 CAD | Plus Utilities | Nov 2027 | |
| Scott Cooper | Construction | 1,050 SF | $732.45 CAD | Plus Utilities | Sep 2026 |
1 1
Property Taxes
| Parcel Number | 276-5007-19-010 | Total Assessment | $342,541 CAD |
| Land Assessment | $61,608 CAD | Annual Taxes | $5,798 CAD ($1.10 CAD/SF) |
| Improvements Assessment | $280,933 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
276-5007-19-010
Land Assessment
$61,608 CAD
Improvements Assessment
$280,933 CAD
Total Assessment
$342,541 CAD
Annual Taxes
$5,798 CAD ($1.10 CAD/SF)
Tax Year
2025
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1570 Macauley Ave
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