156 STEVENS ST S

Rhinelander, WI 54501

Position your investment portfolio for long-term success with this well-located commercial property in the heart of Rhinelander. Featuring an established tenant with a lease in place through **October 31, 2026**, and renewal discussions underway, this property offers immediate rental income while preserving future flexibility. The current monthly rent is **$1,963.65**, with rent including gas and electric. Investors can enjoy an existing income stream today, while owner-users have a unique opportunity to secure the property before a lease extension is finalized. If purchased promptly, a buyer may have the option to occupy the building for their own business or pursue an alternative use upon expiration of the current lease, depending on the outcome of lease negotiations and applicable zoning. Rhinelander serves as the commercial, medical, retail, and recreational hub of Wisconsin's Northwoods, attracting businesses, residents, and visitors from across the region. Its strong local economy, year-round activity, and convenient highway access continue to make it one of Northern Wisconsin's most desirable locations for commercial investment. Whether you're seeking a turnkey income-producing asset or a property with future owner-occupancy potential, this commercial offering provides the rare combination of current cash flow and long-term opportunity. Schedule your private showing today.

Listing courtesy of MATT WALLMOW of LAKELAND REALTY



Listing information is provided by Participants of the Northwoods Association of Realtors MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwoods Association of Realtors MLS.
Data last updated at: 2026-08-08 08:42 PM UTC