Mixed-Use Building with
New
For Sale
$449,900
400-406 S PELHAM ST, Rhinelander, WI 54501
CommercialSale, Rhinelander, WI
Property SizeContact for details
Lot Size0.53 Acres
Days on Market1
Property Features for 400-406 S PELHAM ST
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
11
Bathrooms
8
Full bathrooms
6
Half bathrooms
2
Rooms
Bedroom 8, Bathroom 7, Bedroom 9, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 8, Bedroom 11, Bedroom 5, Bathroom 6, Bedroom 10, Bathroom 4, Bathroom 1, Bedroom 7, Bathroom 2, Bathroom 5
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
Site & Location
Corner Location
Yes
Mixed-Use Components
retail, office, residential
Additional Details
Tenant in Place
Yes
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
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
private off-street paved parking
Building Details
Floors in Building
2
Number of units
8
Flooring type
Mixed
Building materials
Frame
Roof type
Rubber
Buildings
1
Listing Agency:
NORWISREALTY.COM LLC
Listed By:
SCOTT FREIMUTH · License #49270 - 90
(715) 282-7130
Added: Nov 1
Last Checked: Nov 1 at 9:06PM
MLS# 220266
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 mixed-use property combines approximately 5,800 square feet of ground-floor retail and office space with a 852-square-foot, two-bedroom apartment. The upper level contains approximately 3,300 square feet of residential space, arranged as four two-bedroom apartments and one efficiency unit. The real estate is offered without the businesses. Building features include frame construction, forced-air natural gas heat, central air conditioning, and an accessible approach with a ramp.
The 0.525-acre parcel is at a downtown Rhinelander corner and includes paved off-street parking. Public water and sewer serve the property.
The 0.525-acre parcel is at a downtown Rhinelander corner and includes paved off-street parking. Public water and sewer serve the property.
Key Highlights
- Approximately 5,800 square feet of retail and office space
- Ground‑floor 852‑square‑foot apartment with 2 bedrooms and 1 bath
- Upper‑level residential space totals approximately 3,300 square feet
Property Analytics
Who owns this building?
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Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
840
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 Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office space shares the property with five upstairs apartments and a separate two-bedroom unit.
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 retail and office space; Ground‑floor 852‑square‑foot apartment with 2 bedrooms and 1 bath; Upper‑level residential space totals approximately 3,300 square feet
