Courtesy: NORTHWOODS REALTY
715-820-0636
Versatile Commercial Property with Residential Income Potential This commercial property presents an opportunity for a variety of business uses, including an equipped grocery store. The space includes the necessary equipment to begin operations, such as a loading dock, scissor lift, pallet jack, shelving, shopping carts, and checkout stations with tills. The property is outfitted with refrigeration and storage infrastructure, including two walk-in freezers, two walk-in coolers, and dedicated dairy, meat, and deli coolers. This setup makes it ideal for grocery, convenience, or food-related operations without the need for major additional investment. In addition to its grocery-ready layout, the property offers flexibility for alternative business uses such as a retail store or repair shop, allowing buyers to adapt the space to their specific needs or business model. This property combines functional commercial space with residential income potential, making it well-suited for owner-operators or investors seeking a flexible, income-producing opportunity.,Located above the commercial space is a 2-bedroom, 1-bath residential apartment, providing an added income stream. The upstairs unit has previously generated approximately $700 per month in rental income, helping offset operating expenses or enhance overall return.
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Rib Lake is located in Wisconsin. Rib Lake, Wisconsin has a population of 809. Rib Lake is less family-centric than the surrounding county with 17.73% of the households containing married families with children. The county average for households married with children is 28.41%.
The median household income in Rib Lake, Wisconsin is $50,600. The median household income for the surrounding county is $56,350 compared to the national median of $69,021. The median age of people living in Rib Lake is 47.9 years.
The average high temperature in July is 77.7 degrees, with an average low temperature in January of 1.5 degrees. The average rainfall is approximately 32.4 inches per year, with 53.2 inches of snow per year.
