Steel Flex Building with Overhead
For Sale
$549,500
639B Kemp St W, Rhinelander, WI 54501
Former showroom with paved parking and commercial use potential along a major Rhinelander corridor.
Property Size13,300 SF
Price / SF$41.32
Days on Market468
Property Features for 639B Kemp St W
General Information
Standard status
Active
Size
13,300 SF
Property subtype
Commercial
Additional Details
Traffic Count
6,900 vehicles/day
Amenities
river frontage
Building Details
Buildings
1
Construction
steel
Listing Agency:
First Weber - Rhinelander
(715) 490-2457
Listed By:
Ron Skagen - Schneider - Zenk - Realtors · License #2133890
(715) 490-2457
Source:
Northwoodswi
Added: Apr 23, 2025
Changed: Aug 2
Last Checked: Aug 3 at 12:03PM
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 steel flex building measures 70x190 and was formerly operated as a vehicle showroom. A 12x12 overhead door supports storage-oriented use, while the building’s storefront history provides additional commercial flexibility. The level parcel includes paved parking and frontage along the Wisconsin River.
Located at 639B Kemp St W in Rhinelander, the property sits on one of the city’s main commercial corridors. Wisconsin Department of Transportation traffic counts report an average daily volume of 6900 vehicles. Stated use potential includes fast-food restaurant, retail, commercial, and service applications.
Located at 639B Kemp St W in Rhinelander, the property sits on one of the city’s main commercial corridors. Wisconsin Department of Transportation traffic counts report an average daily volume of 6900 vehicles. Stated use potential includes fast-food restaurant, retail, commercial, and service applications.
Key Highlights
- 70x190 steel building formerly used as a vehicle showroom
- 12x12 overhead door
- Frontage along the Wisconsin River
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.6k | $4.56 |
| − Vacancy | −$3.6k | −$0.27 |
| EGI | $57.0k | $4.29 |
| − OpEx | −$8.6k | −$0.64 |
| NOI | $48.5k | $3.64 |
13,300 SF · lease $4.56/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Industrial
$6.23M
$5.45M – $7.26M
NOI $435,752 @ 7.0% cap · market cap 79.30%
Second Best
Retail
$1.71M
$1.50M – $1.99M
NOI $119,697 @ 7.0% cap · market cap 21.78%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6,900 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Former showroom with paved parking and commercial use potential along a major Rhinelander corridor.
Where is this flex space located?
The property is located at 639B Kemp St W Rhinelander, WI.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: 70x190 steel building formerly used as a vehicle showroom; 12x12 overhead door; Frontage along the Wisconsin River
