Mixed-Use Retail and Apartment
For Sale
$449,900
400-406 PELHAM ST S, Rhinelander, WI 54501
CommercialSale, Rhinelander, WI
Property SizeContact for details
Lot Size0.53 Acres
Days on Market336
Property Features for 400-406 PELHAM ST S
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
13
Bathrooms
9
Full bathrooms
7
Half bathrooms
2
Rooms
Bathroom 8, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 9, Bathroom 7, Bedroom 12, Bedroom 9, Bathroom 1, Bedroom 6, Bedroom 11, Bedroom 10, Bathroom 6, Bedroom 7, Bathroom 5, Bedroom 1, Bedroom 3, Bedroom 8, Bathroom 2, Bedroom 5, Bedroom 13
Parking features
Special Needs, Driveway
Exterior features
HandicapAccessible
Accessibility
Accessible Approach with Ramp
Lot features
Level
Directions
400-406 South Pelham St Rhinelander WI. Located at the intersection of S. Pelham Street and Cortney Street.
Standard status
Active
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1ST ADDN; LTS 4&5 BLK 11 PT C/NW ROW & PCL 2 CSM V5 P1253 EXC DOC 753498 INCL OL 1 & NE66' OL 2 CSM V19-4288 ALL DESC DOC 786194 INC 402-06 S PELHAM ST
Tax Annual Amount
7271
Legal Description
1ST ADDN; LTS 4&5 BLK 11 PT C/NW ROW & PCL 2 CSM V5 P1253 EXC DOC 753498 INCL OL 1 & NE66' OL 2 CSM V19-4288 ALL DESC DOC 786194 INC 402-06 S PELHAM ST
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
private off-street paved parking
city water and sewer services
Building Details
Floors in Building
2
Number of units
9
Flooring type
Mixed
Building materials
Frame
Roof type
Rubber
Listing Agency:
NORWISREALTY.COM LLC
(715) 282-7130
Listed By:
SCOTT FREIMUTH · License #49270 - 90
(715) 490-0999
Added: Oct 14, 2025
Changed: Sep 12
Last Checked: Sep 14 at 4:06AM
MLS# 214715
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.
This mixed-use building combines commercial and residential occupancy across two levels. The main floor contains approximately 5,800 square feet of retail and office area, along with an 852-square-foot residential unit configured with two bedrooms and one bathroom. Four additional two-bedroom, one-bath apartments and one efficiency apartment occupy the upper level, representing approximately 3,300 square feet of residential space.
All units are currently leased. The property sits on a 0.525-acre corner lot in downtown Rhinelander and includes private paved parking. Municipal water and public sewer serve the building. Additional physical features include a frame structure, rubber roofing, natural-gas heat, central air conditioning, mixed flooring, and an accessible approach with ramp. The offering is for real estate only; businesses are not included.
All units are currently leased. The property sits on a 0.525-acre corner lot in downtown Rhinelander and includes private paved parking. Municipal water and public sewer serve the building. Additional physical features include a frame structure, rubber roofing, natural-gas heat, central air conditioning, mixed flooring, and an accessible approach with ramp. The offering is for real estate only; businesses are not included.
Key Highlights
- Approximately 5,800 square feet of main‑level retail and office space
- 852‑square‑foot residential unit with 2 bedrooms and 1 bathroom
- Four 2‑bedroom, 1‑bath apartments plus one efficiency apartment
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
840
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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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Leased retail, office, and residential spaces occupy a downtown corner property with paved off-street parking.
Where is this mixed-use property located?
The property is located at 400-406 PELHAM ST S Rhinelander, WI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Approximately 5,800 square feet of main‑level retail and office space; 852‑square‑foot residential unit with 2 bedrooms and 1 bathroom; Four 2‑bedroom, 1‑bath apartments plus one efficiency apartment
