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Three-Unit Office Building
For Sale
$159,900

416 PELHAM ST S, Rhinelander, WI 54501

CommercialSale, Rhinelander, WI

Property Size2,000 SF
Lot Size0.17 Acres
Price / SF$79.95
Days on Market336

Property Features for 416 PELHAM ST S

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 1
Half bathrooms 1
Rooms Bathroom 1
Exterior features HandicapAccessible
Accessibility Accessible Approach with Ramp
Lot features Level
Directions From the intersection of Courtney St and S Pelham St go south on Pelham St to property on right.
Standard status Active
APN 27601-0294-0000
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 1ST ADD RHLDR LOT 3 BLK 11 & SW63' OL 2 CSM V19 P4288 BOTH DESC DOC 786195 TIF DIST 5 & 8
Tax Annual Amount 3099
Legal Description 1ST ADD RHLDR LOT 3 BLK 11 & SW63' OL 2 CSM V19 P4288 BOTH DESC DOC 786195 TIF DIST 5 & 8

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Building Details

Floors in Building 1
Number of units 3
Flooring type Mixed
Building materials Frame, VinylSiding
Roof type Shingle, Composition
Listing Agency: NORWISREALTY.COM LLC
Listed By: SCOTT FREIMUTH · License #49270 - 90
Added: Oct 14, 2025 Changed: Sep 12 Last Checked: Sep 14 at 11:06AM
MLS# 214714

Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 416 Pelham St S in downtown Rhinelander, this approximately 2,000-square-foot office building is arranged as three separate units. The property includes a shared common area with a restroom, a full basement for storage, mixed flooring, and maintenance-free vinyl siding. Individual natural-gas forced-air furnaces serve the building, while tenants are responsible for their own utilities.

Parking is available both on the street and in a private paved area serving tenants and customers. The site measures 0.173 acres and is connected to public water and public sewer. Accessibility features include an accessible approach with ramp and handicap-accessible design. The offering is for real estate only; no business is included.

Key Highlights

  • Approximately 2,000‑square‑foot office building with three separate office units
  • Private paved parking plus on‑street parking
  • Full basement provides additional storage space

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Garden Center Electrical Service Pharmacy Computer & Electronic Repair Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

822
Businesses Nearby

Demographics for 54501, WI

20,591
Population
12,754
Households
1.6
Avg Household Size
48
Median Age
26%
College-Educated
96%
High-School Grad
366.3 sq mi
ZIP Area
56
Density / Sq Mi
$68,602
Median Household Income
$37,578
Median Earnings
$831
Median Rent
$194,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - The property contains three distinct office units with private paved parking and additional on-street parking.
Where is this office building located?
The property is located at 416 PELHAM ST S Rhinelander, WI.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Approximately 2,000‑square‑foot office building with three separate office units; Private paved parking plus on‑street parking; Full basement provides additional storage space
More about this property
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