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Three-Unit Office Building
For Sale
$159,900

416 PELHAM ST S, Rhinelander, WI 54501

CommercialSale, Rhinelander, WI

Property Size2,000 SF
Lot Size0.17 Acres
Price / SF$79.95
Days on Market310

Property Features for 416 PELHAM ST S

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 1
Half bathrooms 1
Rooms Bathroom 1
Exterior features HandicapAccessible
Accessibility Accessible Approach with Ramp
Lot features Level
Directions From the intersection of Courtney St and S Pelham St go south on Pelham St to property on right.
Standard status Active
APN 27601-0294-0000
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 1ST ADD RHLDR LOT 3 BLK 11 & SW63' OL 2 CSM V19 P4288 BOTH DESC DOC 786195 TIF DIST 5 & 8
Tax Annual Amount 3099
Legal Description 1ST ADD RHLDR LOT 3 BLK 11 & SW63' OL 2 CSM V19 P4288 BOTH DESC DOC 786195 TIF DIST 5 & 8

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Amenities

shared common area
full basement

Building Details

Floors in Building 1
Number of units 3
Flooring type Mixed
Building materials Frame, VinylSiding
Roof type Shingle, Composition
Listing Agency: NORWISREALTY.COM LLC
Listed By: SCOTT FREIMUTH · License #49270 - 90
Added: Oct 14, 2025 Changed: Aug 19 Last Checked: Aug 19 at 8:06PM
MLS# 214714

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 three-unit office building contains three separate office units within approximately 2,000 square feet. The property includes on-street and private off-street paved parking for tenants and customers. Lease structure provides immediate cash flow, and tenants are responsible for their own utilities. Interior features include a shared common area with a restroom, and a full basement that offers storage space.

The building is constructed with frame exterior materials and maintenance-free vinyl siding, with mixed flooring throughout. Heating is provided via natural gas forced-air systems with individual forced-air furnaces. Accessibility features include a handicap-accessible approach with a ramp, and exterior handicap accessibility is noted.

Additional building systems and utilities include public water and public sewer service, with a shingle and composition roof. Real estate only; no business included. Shown by appointment only.

Key Highlights

  • Approximately 2,000‑square‑foot three‑unit office building with three separate office units
  • On‑street and private off‑street paved parking for tenants and customers
  • Tenants responsible for their own utilities under existing leases

Property Analytics

Current Use

Office Units

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

3
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

822
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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Three separate office units with on-street and private off-street paved parking, plus tenants responsible for their own utilities.
Where is this office units located?
The property is located at 416 PELHAM ST S Rhinelander, WI.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Approximately 2,000‑square‑foot three‑unit office building with three separate office units; On‑street and private off‑street paved parking for tenants and customers; Tenants responsible for their own utilities under existing leases
More about this property
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