# 407 S Main Street, Rice Lake, WI 54868 > **TL;DR:** commercial, $174,900 ($73/sqft), built 1946, 2,400 sqft. > A/C. Est. $935/mo. Listed 515 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $174,900 | | Price/sqft | $73 | | Square Feet | 2,400 | | Year Built | 1946 | | Lot Size | 4,574 sqft (0.11 acres) | | Property Type | Commercial (Other) | | Status | Active Under Contract | | Days on Market | 515 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $884 | | Estimated Insurance | $51 | | **Total** | **$935** | ## Key Amenities - A/C ## Property Highlights - Built in 1946 - 0.10 acre lot ## Description ### Agent Description AN OPPORTUNITY TO OWN YOUR OWN BUSINESS - THIS BUILDING LIKE THIS HAS MANY POTENTIAL OPPORTUNITIES FOR THE ENTREPRENEUR. 0PEN IT UP AS A RESTURNAT, SPECIALTY SHOP OR COULD BE YOUR INSURANCE COMPANY, ICE-CREME PARLOR OR OFFICE SPACE. GREAT LOCATION RIGHT ON MAIN STREET, HIGH TRAFFIC AREA, ACROSS FROM MARKETPLACE FOODS AND DOWN THE STREET FROM THE CASA MEXICANA GRILL AND CANTINA. IF YOU EVER WANTED TO BE YOUR OWN BOSS OPEN YOUR OWN BUSINESS, A BREAKFAST OR DINNER RESTAURANT THIS IS IT. AVAILABLE FOR SEAT OVER 50 HUNGRY CUSTOMERS. WAS THE MANDARIN RESTAURANT AND BEFORE THEN IT WAS KNOWN AS RUSS'S PANCAKE HOUSE. COMPLETE KITCHEN INCLUDED IN THE PRICE. WALK IN COOLER, LOTS OF ADDITIONAL DOWNSTAIRS STORAGE. SELLER WILL CONSIDER FINANCING FOR A QUALIFIED BUYER. TERMS TO BE NEGOTIATED. FOR COMPLETE INFORMATION GIVE US A CALL; "TODAY". ## Location - **Address:** 407 S Main Street, Rice Lake, WI 54868 - **County:** Barron - **Coordinates:** 45.495406, -91.73293 - **Google Maps:** https://www.google.com/maps?q=45.495406,-91.73293 ## Listing Agent - **Name:** Layne Grover · **License:** 28584-90 - **Brokerage:** TEAM Realty - **Broker Phone:** (715) 234-1991 ## Photos ![407 S Main Street - Photo 1](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f384071316r.jpg) ![407 S Main Street - Photo 2](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f960263250r.jpg) ![407 S Main Street - Photo 3](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f2335641159r.jpg) ![407 S Main Street - Photo 4](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f3306603101r.jpg) ![407 S Main Street - Photo 5](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f2734550389r.jpg) ![407 S Main Street - Photo 6](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f697306710r.jpg) ![407 S Main Street - Photo 7](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f51473903r.jpg) ![407 S Main Street - Photo 8](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f3317427361r.jpg) ![407 S Main Street - Photo 9](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f306401348r.jpg) ![407 S Main Street - Photo 10](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f208894960r.jpg) ![407 S Main Street - Photo 11](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f1196935904r.jpg) ![407 S Main Street - Photo 12](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f326198224r.jpg) ![407 S Main Street - Photo 13](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f118714861r.jpg) ![407 S Main Street - Photo 14](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f1668679754r.jpg) ![407 S Main Street - Photo 15](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f1218256799r.jpg) ![407 S Main Street - Photo 16](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f3835244012r.jpg) ![407 S Main Street - Photo 17](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f1533474903r.jpg) ![407 S Main Street - Photo 18](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f3727376648r.jpg) ![407 S Main Street - Photo 19](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f3876514121r.jpg) ![407 S Main Street - Photo 20](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f2859798006r.jpg) ![407 S Main Street - Photo 21](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f949934675r.jpg) ![407 S Main Street - Photo 22](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f1218256799r.jpg) ![407 S Main Street - Photo 23](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f398257551r.jpg) ![407 S Main Street - Photo 24](http://lh.rdcpix.com/238f2c20b047fc227d4c969650a8d2b7l-f2735428150r.jpg) --- **MLS#:** 1592202 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/407-s-main-street-rice-lake-wi-54868-0c2d8b6bbf104a818e7bb1d79c2db32e) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/407-s-main-street-rice-lake-wi-54868-0c2d8b6bbf104a818e7bb1d79c2db32e#listing", "url": "https://www.propertysimple.ai/listing/407-s-main-street-rice-lake-wi-54868-0c2d8b6bbf104a818e7bb1d79c2db32e", "name": "407 S Main Street, Rice Lake, WI 54868", "description": "AN OPPORTUNITY TO OWN YOUR OWN BUSINESS - THIS BUILDING LIKE THIS HAS MANY POTENTIAL OPPORTUNITIES FOR THE ENTREPRENEUR. 0PEN IT UP AS A RESTURNAT, SPECIALTY SHOP OR COULD BE YOUR INSURANCE COMPANY, ICE-CREME PARLOR OR OFFICE SPACE. GREAT LOCATION RIGHT ON MAIN STREET, HIGH TRAFFIC AREA, ACROSS FROM MARKETPLACE FOODS AND DOWN THE STREET FROM THE CASA MEXICANA GRILL AND CANTINA. IF YOU EVER WANTED TO BE YOUR OWN BOSS OPEN YOUR OWN BUSINESS, A BREAKFAST OR DINNER RESTAURANT THIS IS IT. AVAILABLE FOR SEAT OVER 50 HUNGRY CUSTOMERS. WAS THE MANDARIN RESTAURANT AND BEFORE THEN IT WAS KNOWN AS RUSS'S PANCAKE HOUSE. COMPLETE KITCHEN INCLUDED IN THE PRICE. WALK IN COOLER, LOTS OF ADDITIONAL DOWNSTAIRS STORAGE. SELLER WILL CONSIDER FINANCING FOR A QUALIFIED BUYER. TERMS TO BE NEGOTIATED. 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