400-416 Pelham St S, Rhinelander, WI 54501

Property Description

MOTIVATED SELLER – BRING ALL OFFERS! Exceptional investment opportunity in the heart of downtown Rhinelander. This well-maintained mixed-use property comprises two buildings and offers tremendous income potential for investors looking to expand their portfolio. Building One features approximately 3,330 square feet of residential space on the upper level, including four 2-bedroom, 1-bath apartments and one efficiency apartment, with many units having been recently remodeled. The main level includes an additional 852-square-foot, 2-bedroom, 1-bath residential apartment along with approximately 5,800 square feet of retail and office space. The flexible main floor layout offers potential for reconfiguration, creating additional opportunities to maximize income. Building Two offers approximately 2,000 square feet divided into three retail/office spaces and includes a full basement for additional storage or future possibilities. Ideally situated on a highly visible corner lot in downtown Rhinelander, these properties benefit from excellent exposure, strong traffic counts, private off-street paved parking, and convenient access to city amenities, shopping, dining, and entertainment, making them highly attractive to both residential and commercial tenants. With solid rental potential and a prime location, this property presents an outstanding opportunity for investors seeking immediate and long-term returns. Real Estate Only – No Businesses Included. Shown by appointment only. The well-known Kids Korner Pizza business is also available for purchase separately. See MLS #217967 for additional details.