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For Sale:  Rice Lake MLS# 7152199

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Active
$370,000
/mo Edit
Commercial:  1 Story
Built 1954
1.012 acres
Rice Lake Area schools
MLS# 7152199
763-576-8286
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    Property Description

    Well-established cafe/restaurant opportunity on the north side of Rice Lake, conveniently located just off Hammond Avenue. This charming retro 1950s/1960s-themed diner offers a welcoming, family-friendly atmosphere. The location is ideal for both local customers and travelers heading to and from the Hayward area, with a large parking lot that can accommodate RVs, campers, and other large vehicles. The restaurant features a spacious, efficiently designed kitchen with ample storage, a large steam table, catering capabilities, and equipment in place for continued operations. Customers enjoy the unique diner atmosphere, 50s/60s music, and popular house-made baked breads and bread pudding. The business is also conveniently located near a a UTV/Snowmobile Trail that connects with the Tuscobia Trail. Numerous improvements have been completed, including exterior siding, a rubber roof installed approximately five years ago, refreshed interior paint and dining area updates, extensive PVC plumbing, and updated electrical work. The current owners have created a clean and inviting space and are willing to stay on and assist with training for a smooth transition. An excellent opportunity for an owner-operator, couple, or investor to take over an established restaurant with a distinctive identity, strong location, and room for continued growth.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $370,000
    Property Type: Commercial
    City: Rice Lake
    Garage Spaces: 0
    County: Barron
    Year Built: 1954
    State: WI
    Property Style: 1 Story
    Zip Code: 54868

    Interior

    Basement Details: Full

    Exterior

    Stories: One
    Garage Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 2,324 ft2
    Foundation Dimensions: 40x50 + 18x16
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Parking Lot
    • Paved Lot
    • Unassigned
    Road Frontage:
    • City Street
    • Street Lights
    Exterior Material: Block
    Pool: None
    Roof Details:
    • Age 8 Years or Less
    • Rubber

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 1.012
    Geolocation: 45.51184, -91.740192
    Inclusions: Building, Business, Fixture/Equipment
    Lot Dimensions: 0 x 0
    Zoning: Business/Commercial

    Schools

    School District: 4802
    District Phone: 7152349007

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,859
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,859

    Units

    Total Units: 1

    Miscellaneous

    Current Use: Restaurant
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Chippewa Valley Real Estate, L.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.