400-406 S Pelham St, Rhinelander, WI 54501
sale
$449,900
|
Other
Courtesy Of NorWisRealty.com LLC
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).
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Property Features
- Amenities: Disabled Access
- Building Units: 8
- Cooling System: Central Air
- Exterior Type: Frame
- Floor Covering: Mixed
- Floors: 2
- Heating System: Forced Air
- 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: 220266
- Roof Type: Rubber
- Rooms: Bathroom 8
- Rooms: Bedroom 10
- Rooms: Bathroom 6
- Rooms: Bathroom 7
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bedroom 11
- 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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