151 Brown St NRhinelander, WI 54501

Description

Brown Street 151 presents a rare opportunity to own a thriving business, established rental income, and a piece of local history all under one roof. This iconic two-story brick commercial building has been thoughtfully refurbished while preserving the timeless character and architectural charm that make it a community landmark. Rich in history and loaded with modern improvements, this mixed use investment offers multiple streams of income and tremendous upside potential. Features include an open concept chef's show kitchen, custom-built brick oven, dedicated prep kitchen, spacious lounge area, hostess and reception station, and an expanded bar with rolling library ladder and seating for an additional 16 patrons, restaurant seats 215+. Every detail has been designed to enhance both guest experience and operational efficiency while maintaining the property's unique character. The upper level features two beautifully updated residential apartments, each offering 2 bedrooms and 1 bathroom. Exposed brick walls, modern finishes, and timeless architectural elements create attractive living spaces that complement the building's historic appeal. Both units are currently occupied, providing immediate rental income, while below market rents create an opportunity for future revenue growth. Whether you're an investor seeking a diversified portfolio, a hospitality entrepreneur looking for a turnkey operation, or a visionary owner pursuing a landmark property with room for expansion, Brown Street 151 is the potential to own a destination property where history, hospitality, and income-producing potential come together for lasting success.

Property Information

Property type

Commercial Sale

Sub-type

Business

Stories

2

Building area

4,472 Sq Ft

Lot size

8,189 Sq Ft

Days on market

71

MLS^® Listing#

218708

Property Features

Interior

Storage

Cooling

Central Air · Wall/Window Unit(s)

Heating

Forced Air · Natural Gas · Hot Water

Flooring

Laminate · Tile

Parking

Paved

Construction

Brick

Roof

Rubber

Security

Security System · Fire Alarm

Community

Sidewalks

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$6,198Tax year 2025

Parcel number

RH-78-1

Directions

From HWY 8 to Round about to Kemp St exit to Left on Sutliff Avenue to Right on Davenport Street to Left on Brown St to Property and Parking lot on Left.