Mixed-Use Property with
New
For Sale
$749,900
119 Brown St, Rhinelander, WI 54501
The building combines a lounge and restaurant with commercial rentals, guest rooms, and an apartment.
Property Size8,490 SF
Price / SF$88.33
Days on Market7
Property Features for 119 Brown St
General Information
Standard status
Active
Size
8,490 SF
Property subtype
Commercial
Building Details
Year Built
1905
Listing Agency:
FIRST WEBER - RHINELANDER
Listed By:
Linda Moore · License #1636
(715) 365-3000
Source:
Dreamnorthre
Added: Sep 30
Last Checked: Oct 2 at 5:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FIRST WEBER - RHINELANDER
Investment Insights
Based on property information with market context.
At 119 Brown St, this mixed-use property contains a lounge and restaurant, two commercial rental units, five upper-level rooms with 3/4 bathrooms, and a two-bedroom apartment. The hotel building dates to 1905, with the lounge added in 1927. Site improvements include a large parking lot and a 37-by-20 garage at the rear.
Key Highlights
- Lounge and restaurant are part of the mixed‑use property
- Two commercial rental units
- Five upper rooms with 3/4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,580
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,600
$1.3M
Cap Rate 7%
$894,000
$894.0K
Cap Rate 9%
$695,333
$695.3K
Market Conditions
NOI Build-Up for 8,490 SF
Gross rent
$110.0K $12.96/SF
− Vacancy
−$9.9K −$1.17/SF
EGI
$100.1K $11.79/SF
− OpEx
−$37.5K −$4.42/SF
NOI
$62.6K $7.37/SF
Area
Oneida County, WI
Vacancy
9.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,600
Cap Rate 7%
$894,000
Cap Rate 9%
$695,333
Alternative Uses
Best Use
Specialty Retail
$1.59M
$1.40M – $1.86M
NOI $111,635 @ 7.0% cap · market cap 14.89%
Second Best
Mixed Use
$894.0K
$782.3K – $1.04M
NOI $62,580 @ 7.0% cap · market cap 8.35%
Theoretical Best
Industrial
$3.97M
$3.48M – $4.64M
NOI $278,160 @ 7.0% cap · market cap 37.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
82k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Apparel 30%
Shops & Services 29%
Home Improvements & Furnishings 8%
T.J. Maxx
Apparel
22,746 visits/mo
0.1 miles
McDonald's
Dining
19,139 visits/mo
0.2 miles
Holiday Station Store
Shops & Services
7,151 visits/mo
0.3 miles
Burger King
Dining
6,467 visits/mo
0.3 miles
Trig's Ace Hardware
Home Improvements & Furnishings
4,961 visits/mo
0.1 miles
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 Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines a lounge and restaurant with commercial rentals, guest rooms, and an apartment.
Where is this mixed-use property located?
The property is located at 119 Brown St Rhinelander, WI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Lounge and restaurant are part of the mixed‑use property; Two commercial rental units; Five upper rooms with 3/4 bathrooms
