Office Building with Heated
3611 HWY 47, Rhinelander, WI 54501
For Sale
$449,000
CommercialSale, Rhinelander, WI
Property Size3,000 SF
Lot Size5.47 Acres
Price / SF$149.67
Days on Market142
Property Features for 3611 HWY 47
General Information
Property type
Property subtype
Bathrooms
Half bathrooms
Rooms
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Flooring type
Building materials
Roof type
Listing Agency:
CENTURY 21 BURKETT & ASSOC. · Century 21 Real Estate
Listed By:
AARON NOWAK · License WI 111729-94
(715) 479-3090
Added: Jun 22
Changed: Oct 24
Last Checked: Nov 10 at 1:06PM
MLS# 218010
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.
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Investment Insights
Based on property information with market context.
This office building provides 3,000 square feet of workspace on approximately 5.47 acres. The interior includes 11 private offices, a reception area, a conference room with kitchenette, two bathrooms, and a mechanical room. Direct access connects the mechanical room to an attached heated 50' x 50' garage. Metal siding, steel construction, metal roofing, carpet, tile, and concrete flooring are among the property’s stated features.
Located at 3611 HWY 47 in Rhinelander, the property offers a highway-oriented setting with well water and natural gas heating. The combination of office space, meeting and reception areas, and enclosed garage capacity supports a range of commercial operations without relying on a single-room layout.
Located at 3611 HWY 47 in Rhinelander, the property offers a highway-oriented setting with well water and natural gas heating. The combination of office space, meeting and reception areas, and enclosed garage capacity supports a range of commercial operations without relying on a single-room layout.
Key Highlights
- 3,000 square feet of office space on approximately 5.47 acres
- 11 private offices with reception and conference areas
- Attached heated 50' x 50' garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,650
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,000
$513.0K
Cap Rate 7%
$366,429
$366.4K
Cap Rate 9%
$285,000
$285.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$45.0K $15.00/SF
− Vacancy
−$10.8K −$3.60/SF
EGI
$34.2K $11.40/SF
− OpEx
−$8.6K −$2.85/SF
NOI
$25.7K $8.55/SF
Area
Oneida County, WI
Vacancy
24.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,000
Cap Rate 7%
$366,429
Cap Rate 9%
$285,000
Alternative Uses
Best Use
Office B
$366.4K
$320.6K – $427.5K
NOI $25,650 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.40M
$1.23M – $1.64M
NOI $98,290 @ 7.0% cap · market cap 21.89%
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
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Professional office property with multiple private workspaces, support areas, and an attached heated garage.
Where is this office building located?
The property is located at 3611 HWY 47 Rhinelander, WI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 3,000 square feet of office space on approximately 5.47 acres; 11 private offices with reception and conference areas; Attached heated 50' x 50' garage
