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Tim And Richelle Kruse

kruseteam@eliasonrealty.com +1(715) 891-1830

$ 549,900

Est. payment -/mo

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400-416 S PELHAM ST Rhinelander, WI 54501

11 Beds

8 Baths

11,930 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 11,930 sqft

Price per Sqft $46

MLS Listing ID 220265

Bedrooms 11

Full Baths 5

Half Baths 3

HOA Y/N No

Annual Tax Amount $10,370

Tax Year 2025

Lot Size 0.700 Acres

Acres 0.7

Property Sub-Type Business

Property Description

MOTIVATED SELLER! TWO BUILDINGS, MULTIPLE INCOME STREAMS, ONE EXCEPTIONAL INVESTMENT OPPORTUNITY! Take advantage of this rare opportunity to acquire a versatile, income-producing commercial and residential property package in the heart of downtown Rhinelander! Offering two well-maintained buildings with a desirable mix of residential apartments and commercial spaces, this investment presents exciting possibilities for immediate income and long-term growth. BUILDING ONE offers approximately 3,330 square feet of upper-level residential space featuring FOUR 2-bedroom, 1-bath apartments and ONE efficiency apartment, with many units recently remodeled. The main level includes an additional 852-square-foot, 2-bedroom, 1-bath apartment PLUS approximately 5,800 square feet of retail and office space. The flexible commercial layout offers opportunities for future reconfiguration to accommodate changing tenant needs and potentially enhance rental income. BUILDING TWO features approximately 2,000 square feet divided into THREE retail/office units, along with a full basement providing valuable additional storage. LOCATION, LOCATION, LOCATION! Strategically positioned on a highly visible downtown corner, these properties benefit from strong traffic counts, excellent exposure, private off-street paved parking, and convenient access to shopping, dining, entertainment, and other city amenities. Whether you're expanding an established portfolio or seeking a diversified real estate investment, this two-building package offers exceptional versatility and income potential! SELLER FINANCING AVAILABLE TO QUALIFIED BUYERS! REAL ESTATE ONLY – NO BUSINESSES INCLUDED. Showings by appointment only. CALL TODAY AND EXPLORE THE POSSIBILITIES! BONUS OPPORTUNITY! The well-known Kids Korner Pizza business is available separately (MLS #217967).

Location

State WI

County Oneida

Community Display Window, Sidewalks

Direction 400-416 South Pelham St Rhinelander WI. Located at the intersection of S. Pelham Street and Cortney Street.

Interior

Heating Forced Air, Natural Gas, Other

Cooling Central Air

Flooring Carpet, Luxury Vinyl Plank, Mixed, Vinyl

Inclusions Real Estate Only

Fireplace No

Window Features Display Window(s)

Exterior

Exterior Feature Handicap Accessible

Parking Features Handicap, Paved, Private

Community Features Display Window, Sidewalks

Water Access Desc Public

Roof Type Composition,Rubber,Shingle

Street Surface Paved

Accessibility Wheelchair Access

Road Frontage City Street

Building

Lot Description Level

Sewer Public Sewer

Water Public

Others

Tax ID RH-294 & RH-296

Ownership None

Listed by NORWISREALTY.COM LLC

NEARBY SCHOOLS & PROPERTIES

Tim And Richelle Kruse

Owners / Brokers

+1(715) 891-1830

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