400-406 Pelham St S, Rhinelander, WI 54501
sale
$449,900
|
Other
Courtesy Of NorWisRealty.com LLC
MOTIVATED SELLER - BRING ALL OFFERS! Exceptional investment opportunity in the heart of downtown Rhinelander. This mixed-use commercial and residential property offers immediate income potential with all units currently leased, providing instant cash flow for investors. The main level features approximately 5,800 square feet of retail and office space, along with an additional 852-square-foot residential unit offering 2 bedrooms and 1 bathroom. The upper level includes four 2-bedroom, 1-bath apartments plus one efficiency apartment, totaling approximately 3,300 square feet of residential living space. Strategically situated on a highly visible corner lot in downtown Rhinelander, this property benefits from excellent exposure, strong traffic counts, private off-street paved parking, and city water and sewer services. Whether you are looking to expand your investment portfolio or secure a well-established income-producing property, this building presents outstanding potential in a prime location. Real Estate Only - Businesses Not Included. All showings are by appointment only. The well-known Kids Korner Pizza business is also available for purchase separately. See MLS #217967 for additional details.
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Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Amenities: Disabled Access
- Building Units: 9
- Cooling System: Central Air
- Exterior Type: Frame
- Floor Covering: Mixed
- Floors: 2
- Heating System: Natural Gas
- Legal Description: 1ST ADDN; LTS 4&5 BLK 11 PT C/NW ROW & PCL 2 CSM V5 P1253 EXC DOC 753498 INCL OL 1 & NE66' OL 2 CSM V19-4288 ALL DESC DOC 786194 INC 402-06 S PELHAM ST
- MLSID: 214715
- Roof Type: Rubber
- Rooms: Bathroom 8
- Rooms: Bedroom 10
- Rooms: Bathroom 9
- Rooms: Bathroom 6
- Rooms: Bathroom 7
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bedroom 13
- Rooms: Bathroom 2
- Rooms: Bedroom 12
- Rooms: Bedroom 11
- Rooms: Bathroom 3
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
- Rooms: Bedroom 7
- Rooms: Bedroom 6
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Bedroom 9
- Rooms: Bedroom 8
- Rooms: Bathroom 1
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
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