Prime investment opportunity in the heart of historic downtown Rhinelander! With more than 15,000 square feet of commercial space and outstanding visibility along a high-traffic corridor, this landmark building offers the rare combination of established income today and tremendous upside for tomorrow. All four street-level commercial units are currently occupied, providing immediate cash flow and a proven rental history from day one. The real opportunity lies above. The expansive second floor and additional upper-level space present a blank canvas for an owner-investor with vision. Imagine a collection of salon suites, a wellness and spa center, tattoo or beauty studios, creative offices, co-working spaces, professional services, or a combination of uses designed to maximize rental income. The flexible layout offers countless possibilities to create multiple revenue streams under one roof. Adding even more value is the on-site apartment, which could serve as housing for a property manager, business owner, or additional rental unit. Located within walking distance of Rhinelander's shops, restaurants, entertainment, and professional services, the property is perfectly positioned to attract both commercial tenants and customers alike.