This 11,696 square foot dual tenant building features separate office/service-oriented leaseholds generating $103,560 in gross rents for 2021. At the current list price less expenses (ask agent for breakdown in documents), the property capitalizes at a rate of 10%. Constructed in the early 1960's, the building has been maintained and updated over the years and features concrete block walls, 400 amp electric service (200 amps per side), and both front and rear parking and access. A new rubber roof was installed August, 2017 at a cost of $42,500 including new drains & insulation. Located in Rhinelander's recently updated central business district, the property provides a sound investment for years to come.
|Lot Size SqFt: 11326||Water Frontage (feet): 0|
|Lot Size Acres: 0.26||Shoreline:|
|Lake Name:||Access Road: CityStreet|
|River Name:||High School:|
|Lake Size-Acres: 0|
|Nov 17 2020 10:39AM||Price Change||$569,500|
|Oct 23 2020 5:10AM||Status Change||Expired|
|May 9 2019 11:28AM||Price Change||$599,500|
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