400-406 S Pelham St, Rhinelander, WI 54501

Property 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).