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MOTIVATED SELLER - PRIME DOWNTOWN RHINELANDER INVESTMENT OPPORTUNITY! Looking to expand your real estate portfolio with a property offering multiple income streams? This impressive mixed-use commercial and residential building delivers an exceptional combination of location, versatility, and established rental income! Situated on a highly visible corner lot in the heart of downtown Rhinelander, this property offers immediate cash flow with a desirable mix of commercial and residential tenants. The main level features approximately 5,800 square feet of retail and office space, PLUS an additional 852-square-foot, 2-bedroom, 1-bath residential apartment. Upstairs, you'll find approximately 3,300 square feet of residential living space consisting of FOUR 2-bedroom, 1-bath apartments and ONE efficiency apartment. With multiple rental units under one roof, this property offers diversified income potential and an opportunity to build long-term investment value. Additional highlights include excellent street exposure, strong traffic counts, private off-street paved parking, and convenient city water and sewer services. Its central downtown location provides easy access to shopping, dining, professional services, and community amenities. Whether you're a seasoned investor or looking to enter the commercial real estate market, this established income-producing property deserves your attention! SELLER FINANCING AVAILABLE TO QUALIFIED BUYERS, offering additional purchasing flexibility. REAL ESTATE ONLY - BUSINESSES NOT INCLUDED. All showings by appointment only. CALL TODAY TO EXPLORE THE POSSIBILITIES! BONUS OPPORTUNITY! The well-known Kids Korner Pizza business is available for purchase separately (MLS #217967).

Property Details of 400-406 S Pelham Street

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Nearest Landvest Office

Tomahawk, WI

Tomahawk, WI

1621 N. 4th Street,
Tomahawk, WI 54487

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 "Based on information submitted to Greater Northwoods MLS as of November 2, 2026 6:46 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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