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Mixed-Use Property with Heated Garages
For Sale
$449,900

504 Pelham St, Rhinelander, WI 54501

Remodeled residence with three beds and heated garages for storage or separate leasing, each with its own meter.

Property Size1,416 SF
Days on Market65

Property Features for 504 Pelham St

General Information

Standard status Active
Size 1,416 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $3,168

Building Details

Building Size 1,416 SF
Units 3
Listing Agency: First Weber - Rhinelander
Listed By: Linda Moore
Source: Northwoodswi
Added: Jun 8 Changed: Aug 8 Last Checked: Aug 10 at 11:50AM

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 First Weber - Rhinelander

Investment Insights

Based on property information with market context.

This mixed-use property combines living quarters with substantial commercial heated garage space. The home has been nicely remodeled and offers over 1,400 square feet of living space with three bedrooms and three baths, plus a full basement. A fourth bathroom is located between two of the garages, adding convenience to the work and storage areas.

The heated garage spaces include three distinct units sized 22x50, 20x40, and 18x40, and each garage has separate meters. As a result, the property can be used in multiple ways, including living on-site while operating a business and potentially leasing garage space separately. The property is located at 504 Pelham St S in Rhinelander, WI.

Key Highlights

  • Remodeled residence with over 1,400 sq ft of living space, 3 bedrooms and 3 baths
  • Full basement with 3 bedrooms and 3 baths in the main living quarters
  • Abundance of commercial heated garage/storage space, with 3 garages sized 22x50, 20x40, and 18x40

Property Analytics

Current Use

Live-work 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.

Location Intelligence

Trade Area within ½ mile

802
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
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Frequently Asked Questions

What type of property is this?
Live-work space - Remodeled residence with three beds and heated garages for storage or separate leasing, each with its own meter.
Where is this live-work space located?
The property is located at 504 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: Remodeled residence with over 1,400 sq ft of living space, 3 bedrooms and 3 baths; Full basement with 3 bedrooms and 3 baths in the main living quarters; Abundance of commercial heated garage/storage space, with 3 garages sized 22x50, 20x40, and 18x40
More about this property
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