Downtown Mixed-Use
For Sale
$449,900
400-406 S Pelham St, Rhinelander, WI 54501
Leased commercial areas and six residential units combine in a downtown property with paved off-street parking.
Property Size9,982 SF
Price / SF$45.07
Days on Market9
Property Features for 400-406 S Pelham St
General Information
Standard status
Active
Size
9,982 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Corner Location
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, office, residential
Units
Unit Mix
5 x 2BR/1BA, 1 x efficiency
Multifamily Units
6
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,271
Amenities
Handicap Accessible
Building Details
Building Size
9,982 SF
Buildings
1
Stories
2
Units
9
Tenancy
Multi
Listing Agency:
Norwisrealty. Com LLC
(715) 282-7130
Listed By:
Scott Freimuth · License #49270 - 90
(715) 490-0999
Source:
Integrityrealtorsllc
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 29 at 10:55PM
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 Norwisrealty. Com LLC
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Investment Insights
Based on property information with market context.
At 400–406 S Pelham St, this mixed-use building combines ground-floor retail and office space with residential units. The commercial area spans approximately 5,800 square feet. A separate 852-square-foot residence has two bedrooms and one bathroom; upstairs are four two-bedroom, one-bath apartments and an efficiency apartment, with approximately 3,300 square feet of residential space. All units are leased. The real estate is offered without the businesses, and the Kids Korner Pizza business is available separately.
The property occupies a corner site in downtown Rhinelander. Paved off-street parking and city water and sewer serve the building.
The property occupies a corner site in downtown Rhinelander. Paved off-street parking and city water and sewer serve the building.
Key Highlights
- Approximately 5,800 square feet of ground‑floor retail and office space
- Upper level includes four two‑bedroom, one‑bath apartments and one efficiency apartment
- Separate 852‑square‑foot residence with two bedrooms and one bathroom
Property Analytics
Who owns this building?
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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
665
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 Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Leased commercial areas and six residential units combine in a downtown property with paved off-street parking.
Where is this mixed-use property located?
The property is located at 400-406 S Pelham St 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 ground‑floor retail and office space; Upper level includes four two‑bedroom, one‑bath apartments and one efficiency apartment; Separate 852‑square‑foot residence with two bedrooms and one bathroom
