504 S Pelham St 2,620 SF Retail Building Rhinelander, WI 54501 $449,000 ($171.37/SF)

This mixed-use property offers a unique ownership opportunity in the heart of Rhinelander, combining residential comfort with substantial commercial functionality. The residence features a thoughtfully remodeled single-story home with over 1,400 square feet of living space, three bedrooms, two full baths, and a half bath, complete with quality finishes and a masonry fireplace. A full basement provides additional utility and storage options.
Complementing the home is an expansive commercial component, including three heated garages measuring 22x50, 20x40, and 18x40, each with separate meters. These spaces can accommodate a variety of uses such as business operations, storage, or rental income through individual leasing. The property sits on a level lot approximately 120x150 feet, with public utilities, fenced yard, and multiple access points from a city street.
Situated within Rhinelander’s growing community, the location is proximate to retail centers, residential neighborhoods, and key services, making it highly versatile for both owner-operators and investors seeking income-generating potential.