This commercial property with four separate leaseholds grossing $2107/month in rents and tenants paying all utilities including sewer/water is an excellent opportunity to invest in downtown Rhinelander. The leaseholds consist of three separate offices and a 2 bedroom, 1 bath apartment above the offices with separate street level access. Each leasehold offers varying updates from building to building, though all have been well maintained. With interest rates low and this property providing an 13% cap rate when fully rented, this could make for a good long term investment or commercial space for an owner occupied business.
|Lot Size SqFt: 2178||Water Frontage (feet): 0|
|Lot Size Acres: 0.05||Shoreline:|
|Lake Name:||Access Road: City Street|
|River Name:||High School:|
|Lake Size-Acres: 0|