Map
Listed price in listed location currency (USD).
$449,900

1180

MLS® 220266

Overview

Key Facts

Type Office
Levels Commercial Sale
Size 9982 sqft
Garage No
Maintenance Fees 
Taxes $7,271
Days Active 9
Approx. Age 
Avg. Price Per Sqft $45
MLS® Number 220266

Property Address: 406-400-406 S Pelham St, Rhinelander, WI, 54501-3313

Average square foot calculated using Size range provided by listing agent.

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).
MLS® Number220266
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Natural Gas, Other
A/CCentral Air

Extras

Real Estate Only

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