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Tim And Richelle Kruse

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

$ 449,900

Est. payment -/mo

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400-406 S PELHAM ST Rhinelander, WI 54501

11 Beds

8 Baths

9,982 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 9,982 sqft

Price per Sqft $45

MLS Listing ID 220266

Bedrooms 11

Full Baths 6

Half Baths 2

HOA Y/N No

Annual Tax Amount $7,271

Tax Year 2025

Lot Size 0.525 Acres

Acres 0.525

Property Sub-Type Business

Property Description

MOTIVATED SELLER - PRIME DOWNTOWN RHINELANDER INVESTMENT OPPORTUNITY! Looking to expand your real estate portfolio with a property offering multiple income streams? This impressive mixed-use commercial and residential building delivers an exceptional combination of location, versatility, and established rental income! Situated on a highly visible corner lot in the heart of downtown Rhinelander, this property offers immediate cash flow with a desirable mix of commercial and residential tenants. The main level features approximately 5,800 square feet of retail and office space, PLUS an additional 852-square-foot, 2-bedroom, 1-bath residential apartment. Upstairs, you'll find approximately 3,300 square feet of residential living space consisting of FOUR 2-bedroom, 1-bath apartments and ONE efficiency apartment. With multiple rental units under one roof, this property offers diversified income potential and an opportunity to build long-term investment value. Additional highlights include excellent street exposure, strong traffic counts, private off-street paved parking, and convenient city water and sewer services. Its central downtown location provides easy access to shopping, dining, professional services, and community amenities. Whether you're a seasoned investor or looking to enter the commercial real estate market, this established income-producing property deserves your attention! SELLER FINANCING AVAILABLE TO QUALIFIED BUYERS, offering additional purchasing flexibility. REAL ESTATE ONLY – BUSINESSES NOT INCLUDED. All showings by appointment only. CALL TODAY TO EXPLORE THE POSSIBILITIES! BONUS OPPORTUNITY! The well-known Kids Korner Pizza business is available for purchase separately (MLS #217967).

Location

State WI

County Oneida

Community Display Window, Sidewalks

Direction 400-406 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 Mixed

Inclusions Real Estate Only

Fireplace No

Window Features Display Window(s)

Exterior

Exterior Feature Handicap Accessible

Parking Features Handicap, Paved, Private, Driveway

Community Features Display Window, Sidewalks

Utilities Available High Speed Internet Connected, Phone Available

Water Access Desc Public

Roof Type Rubber

Street Surface Paved

Accessibility Wheelchair Access

Road Frontage City Street

Building

Lot Description Level

Story 2

Sewer Public Sewer

Water Public

Others

Ownership None

Listed by NORWISREALTY.COM LLC

NEARBY SCHOOLS & PROPERTIES

Tim And Richelle Kruse

Owners / Brokers

+1(715) 891-1830

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