07/28/2026
Historic Mixed-Use Investment Opportunity | Brown Street 151
Opportunities like this don't come around often.
- Welcome to Brown Street 151 — a beautifully restored two-story brick landmark that combines history, hospitality, and investment potential into one exceptional property. This iconic mixed-use building has become a destination within the community, offering a turnkey restaurant operation alongside additional residential rental income.
- Own a Piece of History While Building Wealth
Meticulously renovated while preserving its timeless character, Brown Street 151 blends exposed brick, historic architecture, and modern upgrades to create an experience that guests, tenants, and investors alike appreciate. Whether you're a seasoned investor, restaurateur, or entrepreneur looking for a flagship property, this offering checks all the boxes.
- Established Restaurant & Commercial Operation
Brown Street 151 has built a strong reputation as a local dining destination with a loyal customer base and recognizable brand presence. Guests return time and time again for its welcoming atmosphere, unique dining experience, and memorable setting.
Highlights include:
✅ Seating for approximately 215+guests
✅ Additional lounge and bar seating
✅ Open-concept chef's show kitchen
✅ Custom-built brick oven
✅ Commercial prep kitchen
✅ Expanded bar service area
✅ Hostess and reception area
✅ Walk-in coolers on multiple levels
✅ Extensive storage and operational space
✅ Stunning exposed brick and historic details throughout
The business also benefits from a strong online presence, including an established website, over 3,000 Facebook followers, and 270+ online reviews, creating a powerful foundation for continued success.
Additional Residential Income
Above the restaurant are two beautifully updated 2-bedroom, 1-bath apartments, each featuring modern finishes paired with incredible historic charm.
Features include:
✔️ Exposed brick walls
✔️ Separate tenant entrances
✔️ Private exterior access
✔️ Durable steel balcony and stair system
✔️ Existing tenants providing immediate income
✔️ Potential upside through future rent adjustments
These apartments provide reliable supplemental revenue while enhancing the property's overall investment value.
Why Investors Will Love This Property
✔️ Multiple income streams
✔️ Turnkey restaurant business
✔️ Established customer base
✔️ Strong community recognition
✔️ Significant recent renovations
✔️ Rental income already in place
✔️ Future value-add opportunities
✔️ Historic architecture with modern functionality
✔️ Commercial kitchen and restaurant infrastructure included
✔️ Highly visible cornerstone location
A True Legacy Property
- Brown Street 151 is more than real estate—it's an opportunity to own a recognizable part of the community while benefiting from diversified income sources and long-term growth potential.
Properties that offer a successful business, residential rental income, historic character, and extensive improvements under one roof are exceptionally rare. Brown Street 151 delivers all of that and more.
https://twenty-twore.com/real-estate-listings-home-for-sale-in-rhinelander-wi/
