51 Brown St Rhinelander, WI 54501
High-Yield Retail Property, 100% Occupied
Property size:
11,391 SFProperty Features for 51 Brown St
General Information
- Property type
- Individual retail properties
- Square Feet
- 11,391 SF
- Lot Size
- 11,761 SF
Building Details
- Year Built
- 1960
Listing Agency: NAI Pfefferle - Morice - Wausau Listing Agent: T.j. Morice, Sior
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 11,391 square foot storefront property at 51 N Brown St, Rhinelander, WI 54501, presents a compelling investment opportunity. Located in the heart of downtown Rhinelander, this multi-tenant retail building boasts a strong 100% occupancy rate, anchored by a mix of government and corporate tenants. Built in 1960 and situated on a 0.27-acre lot, the property features upgraded interior spaces for each tenant, reflecting a commitment to modern standards. Current leases are structured as NNN (Net, Net, Net) and have a remaining term of approximately two years, with a history of lease renewals. The asking price is $545,000, translating to a price per square foot of $47.84. The property's strong tenant base and consistent cash flow contribute to an attractive 8.77% capitalization rate. The permitted zoning is commercial, ensuring flexibility for future use. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable location. Detailed financial information is available upon request, subject to a non-disclosure agreement. This property is being offered due to the owners divesting from their holdings.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Rhinelander
- County
- Oneida
- State
- Wisconsin
- Longitude
- -89.412764683593
- Latitude
- 45.638734353849
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FAQs
What type of property is this?
Individual retail property - High-Yield Retail Property, 100% Occupied
Where is this individual retail property located?
The property is located at 51 Brown St Rhinelander, WI.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 11,391 SF multi-tenant retail building in downtown Rhinelander, WI.; 100% occupancy with a mix of government and corporate tenants.; NNN leases with ~2 years remaining and a history of renewals.