701 Washington St 4,980 SF Office Building Rhinelander, WI 54501 $470,000 ($94.38/SF)

701 Washington St offers a unique investment or owner-user opportunity in Rhinelander’s established commercial corridor. This property combines 5730 square feet of office and warehouse functionality alongside two modern residential units, creating diverse income streams. The first-floor features office layouts with reception, demised work areas, restroom facilities, and a heated warehouse/garage segment suitable for storage or light operational use. The second level includes two updated apartments that are currently occupied, enhancing immediate cash flow potential and an additional 2250 sq ft.
The asset underwent significant upgrades in 2019 to improve interior finishes and structural elements, providing a contemporary standard within a versatile footprint. The 0.47-acre parcel accommodates 12 on-site parking spaces, serving professional users or service-based enterprises. Situated within a B3 zoning designation, the property supports a variety of business applications.
Positioned near Rhinelander’s downtown amenities, retail services, and regional transportation routes, the location enjoys convenient access to nearby arterials including Lincoln Street and U.S. Highway 8. This offering appeals to investors seeking stable return potential or local operators desiring a hybrid commercial and residential platform in North Central Wisconsin.