400-416 S Pelham StRhinelander, WI 54501

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).

Property Information

Property type

Commercial Sale

Sub-type

Business

Building area

11,930 Sq Ft

Lot size

30,492 Sq Ft

Days on market

1

MLS^® Listing#

220265

Property Features

Cooling

Central Air

Heating

Forced Air · Natural Gas · Other

Flooring

Carpet · Vinyl

Parking

Paved · Private

Lot features

Level

Construction

Frame · Vinyl Siding

Roof

Composition · Rubber · Shingle

Windows

Display Window(s)

Community

Sidewalks

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$10,370Tax year 2025

Parcel number

RH-294 & RH-296

Directions

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