Mixed-Use Property with
For Sale
$359,000
1409 Lincoln St, Rhinelander, WI 54501
Two buildings combine a maintained residence with showroom, office, bathroom, and storage areas.
Property Size3,900 SF
Days on Market757
Property Features for 1409 Lincoln St
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,395
Building Details
Building Size
3,900 SF
Listing Agency:
Redman Realty Group, LLC
(715) 360-0010
Listed By:
Lisa Alsteen · License #52808 - 90
(715) 360-0010
Source:
Northwoodswi
Added: Jul 9, 2024
Changed: Aug 2
Last Checked: Aug 3 at 12:21PM
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
Investment Insights
Based on property information with market context.
Located at 1409 Lincoln St. in Rhinelander, this mixed-use property includes a three-bedroom, one-and-a-half-bath residence and a separate 2,665-square-foot commercial building. The commercial structure includes a showroom with large windows, a bathroom, office space, and storage, creating a defined setting for business operations alongside the residential component.
The property sits between Aldi's and Dunkin Donuts, with street lighting supporting access to and from the site. A sizable yard extends behind both buildings and provides additional outdoor space for business-related needs. Together, the residence, showroom-oriented building, and rear yard create a combined live-work configuration with both indoor and outdoor components.
The property sits between Aldi's and Dunkin Donuts, with street lighting supporting access to and from the site. A sizable yard extends behind both buildings and provides additional outdoor space for business-related needs. Together, the residence, showroom-oriented building, and rear yard create a combined live-work configuration with both indoor and outdoor components.
Key Highlights
- Two‑building mixed‑use property with residential and commercial structures
- Three‑bedroom, 1.5‑bath maintained residence
- 2,665‑square‑foot commercial building with showroom, office, bathroom, and storage
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.5k | $12.96 |
| − Vacancy | −$4.5k | −$1.17 |
| EGI | $46.0k | $11.79 |
| − OpEx | −$17.2k | −$4.42 |
| NOI | $28.7k | $7.37 |
3,900 SF · lease $12.96/SF/yr · vacancy 9.00% · expense 37.50%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
309
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
Market
Properties on Market for Mixed-use properties in Oneida County
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine a maintained residence with showroom, office, bathroom, 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: Two‑building mixed‑use property with residential and commercial structures; Three‑bedroom, 1.5‑bath maintained residence; 2,665‑square‑foot commercial building with showroom, office, bathroom, and storage
