Mixed-Use Property with
For Sale
$359,000
1409 Lincoln St, Rhinelander, WI 54501
Two buildings combine a residence with commercial space featuring office, restroom, and storage areas.
Property Size3,900 SF
Price / SF$92.05
Days on Market838
Property Features for 1409 Lincoln St
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,395
Amenities
Storage
Building Details
Building Size
3,900 SF
Buildings
2
Listing Agency:
Redman Realty Group, LLC
(715) 358-0450
Listed By:
Lisa Alsteen · License #52808 - 90
(715) 360-0010
Source:
Birchlandrealty
Added: Jul 9, 2024
Changed: Oct 22
Last Checked: Oct 22 at 2:25PM
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 Redman Realty Group, LLC
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Investment Insights
Based on property information with market context.
The property includes a three-bedroom, one-and-a-half-bath home and a separate 2,665-square-foot commercial building. The commercial building has a showroom with large windows, an office area, a bathroom, and storage. A yard sits behind the buildings for business-related use.
Located on Lincoln Street in Rhinelander, the property is between Aldi and Dunkin’ Donuts. Street lights serve the access points.
Located on Lincoln Street in Rhinelander, the property is between Aldi and Dunkin’ Donuts. Street lights serve the access points.
Key Highlights
- Separate 3‑bedroom, 1.5‑bath home and commercial building
- 2,665‑square‑foot commercial building
- Showroom has large windows, plus an office, bathroom, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,747
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,940
$574.9K
Cap Rate 7%
$410,671
$410.7K
Cap Rate 9%
$319,411
$319.4K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$50.5K $12.96/SF
− Vacancy
−$4.5K −$1.17/SF
EGI
$46.0K $11.79/SF
− OpEx
−$17.2K −$4.42/SF
NOI
$28.7K $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%
$574,940
Cap Rate 7%
$410,671
Cap Rate 9%
$319,411
Alternative Uses
Best Use
Retail
$501.4K
$438.7K – $585.0K
NOI $35,099 @ 7.0% cap · market cap 9.78%
Second Best
Office B
$476.4K
$416.8K – $555.8K
NOI $33,345 @ 7.0% cap · market cap 9.29%
Theoretical Best
Industrial
$1.83M
$1.60M – $2.13M
NOI $127,777 @ 7.0% cap · market cap 35.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine a residence with commercial space featuring office, restroom, and storage areas.
Where is this mixed-use property located?
The property is located at 1409 Lincoln St Rhinelander, WI.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Separate 3‑bedroom, 1.5‑bath home and commercial building; 2,665‑square‑foot commercial building; Showroom has large windows, plus an office, bathroom, and storage
