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Three-Unit Office Building
For Sale
$159,900

416 S PELHAM ST, Rhinelander, WI 54501

CommercialSale, Rhinelander, WI

Property Size2,000 SF
Lot Size0.17 Acres
Price / SF$79.95
Days on Market376

Property Features for 416 S PELHAM ST

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

Additional Details

Tenant in Place Yes
Property Use Office

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

full basement
shared common area

Building Details

Floors in Building 1
Number of units 3
Flooring type Mixed
Building materials Frame, VinylSiding
Roof type Shingle, Composition
Buildings 1
Listing Agency: NORWISREALTY.COM LLC
Listed By: SCOTT FREIMUTH · License #49270 - 90
Added: Oct 14, 2025 Changed: Oct 23 Last Checked: Oct 24 at 1:06AM
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.

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Investment Insights

Based on property information with market context.

Located at 416 S Pelham St in Rhinelander, this office property contains three separately leased units. A shared interior area includes a restroom, and the full basement provides storage. The building has vinyl siding and individual natural-gas forced-air furnaces. The sale includes real estate only; no business is part of the offering.

The 0.173-acre property offers paved parking both on site and along the street. Public water and public sewer serve the property, and an accessible approach ramp is present.

Key Highlights

  • Three separately leased office units
  • 0.173‑acre parcel with paved private and on‑street parking
  • Full basement for storage

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
Yes
Paved road access

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 - Three leased suites share a common area and restroom, with tenants paying their own utilities.
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: Three separately leased office units; 0.173‑acre parcel with paved private and on‑street parking; Full basement for storage
More about this property
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