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Mixed-Use Property with Apartments
For Sale
$549,900

400-416 S Pelham St, Rhinelander, WI 54501

Two buildings combine six apartments with retail and office suites, along with private paved parking.

Property Size11,930 SF
Price / SF$46.09
Days on Market9

Property Features for 400-416 S Pelham St

General Information

Standard status Active
Size 11,930 SF
Property subtype Commercial

Site & Location

Corner Location Yes
Mixed-Use Components residential, retail, office

Units

Unit Mix 4 x 2BR/1BA, 1 x efficiency, 1 x 2BR/1BA
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $10,370

Amenities

Handicap Accessible

Building Details

Building Size 11,930 SF
Buildings 2
Listing Agency: Norwisrealty. Com LLC
Listed By: Scott Freimuth · License #49270 - 90
Source: Integrityrealtorsllc
Added: Oct 22 Changed: Oct 25 Last Checked: Oct 29 at 10:48PM

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

Rey
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Investment Insights

Based on property information with market context.

The two-building property combines residential units with retail and office areas. Upstairs in the first building, 3,330 square feet includes four two-bedroom, one-bath apartments and an efficiency apartment. The main floor adds an 852-square-foot two-bedroom, one-bath apartment and approximately 5,800 square feet of retail and office space. A second building contains approximately 2,000 square feet divided among three retail or office spaces, with a full basement for storage.

Located on a corner in downtown Rhinelander, the property has private paved parking and access to city amenities, shopping, dining, and entertainment. The real estate is offered without the businesses.

Key Highlights

  • Six apartments, including five two‑bedroom units and one efficiency
  • First building includes 3,330 square feet of upper‑level apartments
  • Main floor has an 852‑square‑foot apartment and approximately 5,800 square feet of retail and office space

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Garden Center Electrical Service Pharmacy Computer & Electronic Repair Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

665
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two buildings combine six apartments with retail and office suites, along with private paved parking.
Where is this mixed-use property located?
The property is located at 400-416 S Pelham St Rhinelander, WI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Six apartments, including five two‑bedroom units and one efficiency; First building includes 3,330 square feet of upper‑level apartments; Main floor has an 852‑square‑foot apartment and approximately 5,800 square feet of retail and office space
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