Current Use by Public Records
- Retail properties & Spaces
Property Details for 51 Brown St
- Year built
- 1960
- Lot size
- 0.27 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Rhinelander
- County
- Oneida
- State
- Wisconsin
- Longitude
- -89.4128
- Latitude
- 45.6387
