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Three-Unit Office Building
New
For Sale
$159,900

416 S Pelham St, Rhinelander, WI 54501

Each of the three suites is leased, with occupants covering their own utility costs.

Property Size2,000 SF
Price / SF$79.95
Days on Market5

Property Features for 416 S Pelham St

General Information

Standard status Active
Size 2,000 SF
Property subtype Commercial

Additional Details

Office Units 3
Tenant in Place Yes
Property Use Office

Taxes and HOA fees

Annual Taxes $3,099

Amenities

Handicap Accessible

Building Details

Building Size 2,000 SF
Buildings 1
Stories 1
Units 3
Tenancy Multi
Listing Agency: Norwisrealty. Com LLC
Listed By: Scott Freimuth · License #49270 - 90
Source: Integrityrealtorsllc
Added: Oct 22 Changed: Oct 25 Last Checked: Oct 26 at 4:07AM

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.

This approximately 2,000-square-foot office property is divided into three separate units. A shared interior common area includes a restroom, and a full basement provides storage. The building has vinyl siding and individual forced-air furnaces for the units.

Located at 416 S Pelham St in downtown Rhinelander, the property offers paved private off-street parking as well as on-street parking. The suites are leased, and tenants are responsible for their own utilities. The offering includes the real estate only; no business is included.

Key Highlights

  • Approximately 2,000 square feet arranged as three office units
  • Leased units; tenants pay their own utilities
  • Paved private off‑street parking and on‑street parking

Property Analytics

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Current Use

Office buildings

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Office building - Each of the three suites is leased, with occupants covering their own utility costs.
Where is this office building located?
The property is located at 416 S Pelham St 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 feet arranged as three office units; Leased units; tenants pay their own utilities; Paved private off‑street parking and on‑street parking
More about this property
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