400-406 Pelham St S, Rhinelander, WI 54501

Property Description

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.