$250,000

$325,000 23.1%

Est. payment - /mo

16,173 SqFt

UPDATED:

Key Details

Sold Price $250,000

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

Square Footage 16,173 sqft

Price per Sqft $15

MLS Listing ID 217557

Sold Date 07/31/26

HOA Y/N No

Annual Tax Amount $5,233

Tax Year 2025

Lot Size 8,276 Sqft

Acres 0.18999082

Lot Dimensions 60x133

Property Sub-Type Hotel/Motel

Property Description

Prime investment opportunity in the heart of historic downtown Rhinelander! With more than 15,000 square feet of commercial space and outstanding visibility along a high-traffic corridor, this landmark building offers the rare combination of established income today and tremendous upside for tomorrow. All four street-level commercial units are currently occupied, providing immediate cash flow and a proven rental history from day one. The real opportunity lies above. The expansive second floor and additional upper-level space present a blank canvas for an owner-investor with vision. Imagine a collection of salon suites, a wellness and spa center, tattoo or beauty studios, creative offices, co-working spaces, professional services, or a combination of uses designed to maximize rental income. The flexible layout offers countless possibilities to create multiple revenue streams under one roof. Adding even more value is the on-site apartment, which could serve as housing for a property manager, business owner, or additional rental unit. Located within walking distance of Rhinelander's shops, restaurants, entertainment, and professional services, the property is perfectly positioned to attract both commercial tenants and customers alike.

Location

State WI

County Oneida

Community Sidewalks

Direction Downtown Rhinelander: Take Brown St to building (#50, 54, 56, 58)

Interior

Heating Forced Air, Natural Gas, Hot Water

Cooling Central Air

Flooring Mixed

Fireplace No

Exterior

Exterior Feature Elevator

Parking Features Public, Parking Lot, Private

Community Features Sidewalks

Water Access Desc Public

Roof Type Rubber

Street Surface Paved

Road Frontage City Street

Building

Story 3

Sewer Public Sewer

Water Public

Others

Tax ID RH-172

Ownership None

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Listed by RE/MAX PROPERTY PROS
Bought with RE/MAX PROPERTY PROS

Nearby Locations

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Alexander Dempsey

+1(715) 681-2879

Team Lead

50 BROWN ST S Rhinelander, WI 54501