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701 Washington St
Rhinelander, WI 54501
Office Property For Sale


Investment Highlights
- Mixed-use configuration with office, warehouse, and residential units on-site.
- Convenient location near key retail, dining, and service amenities in Rhinelander.
- Multi-tenant income structure featuring two newer upstairs apartments.
- Flexible B3 zoning allowing a broad range of business uses.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,980 SF
Building Class
C
Year Built/Renovated
1980/2019
Price
$667,499 CAD
Price Per SF
$134.04 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,980 SF
Building FAR
0.24
Lot Size
0.47 AC
Zoning
B3 - General Business/General Use
Parking
12 Spaces (2.41 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Storage Space
- Demised WC facilities
- Yard
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $560,273 CAD | |
| Land Assessment | $228,086 CAD | Total Assessment | $788,359 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$228,086 CAD
Improvements Assessment
$560,273 CAD
Total Assessment
$788,359 CAD
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