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$824,999 Just Listed

  • For Sale
  • Active
  • Retail
  • 2,238 Sq. Ft.
  • Updated 4 days ago
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This versatile commercial/residential rental property offers strong income potential and an unbeatable location in the heart of Elkhart Lake. The main and lower levels are currently rented, generating $3k per month on a month-to-month lease. The upper unit features 3 beds, 2 full baths and a beautiful sun porch/four-season room. During June through September, the upper unit operates successfully as an Airbnb. From October through May, it is rented to traveling nurses for $1,700/month. For owner-occupants, this property presents a unique opportunity to live in the upper unit while benefiting from rental income from the lower levels. Enjoy Elkhart Lake lifestyle, with downtown restaurants, shops and attractions all within walking distance. Also close to Road America and golf courses!

Full Property Details for 141 E Rhine St

General

  • Price: $824,999
  • Taxes: $6,195 (2025)
  • Status: Active
  • Type: Retail
  • Source: MetroMLS_Milwaukee_Wirex
  • MLS ID: 1965963
  • Updated: 6/5/2026
  • Added to Site: 4 day(s) ago

Additional Information

  • Other Features: Restrooms

Parking

  • Total Spaces: 2

Location

  • Municipality: Village
  • County: Sheboygan
  • Driving Directions: Hwy 67 to Rhine Street. West on Rhine to property.
  • Dist. to Freeway: Less than 1 Mile
  • Location Details: Business District

Heating & Cooling

  • Heating/Cooling: Central Air Conditioning, Electric, Forced Air, Natural Gas

Utilities

  • Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

  • Structure Type: Retail, Special Purpose
  • Exterior Const.: Aluminum Siding, Vinyl, Wood
  • Basement Desc.: Full
  • Roof: Composition
  • Ceiling Height: 8 to 10 Feet
  • Drive-In Clearance: No Truck Door
  • Stories Description: 2
  • Square Feet: 2,238
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.13
  • Frontage: Paved Road
  • Zoning: Com

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Tax Amount: $6,195
  • Tax Year: 2025

Listed by RE/MAX Universal

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— 141 E Rhine St —

  • RE/MAX Universal

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 141 E Rhine St

School District:Elkhart Lake-Glenbeulah School District
NameGradesDistance
Elkhart Lake Elementary/Middle School
251 Maple Street, Elkhart Lake, WI 53020
PK-80.2 mi
Elkhart Lake High School
201 North Lincoln Street, Elkhart Lake, WI 53020
9-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 141 E Rhine St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/05/2026
Listed
$824,999
146.27%
MLS
3/19/2018
Sold
$335,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 141 E Rhine St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,908
4%
$332,800
—
2023
$4,742
-8%
$332,800
25%
2022
$5,128
-4%
$267,200
—
2021
$5,329
—
$267,200
—
2020
$5,345
10%
$267,200
—
2019
$4,879
30%
$267,200
24%
2018
$3,752
1%
$215,800
—
2017
$3,722
-2%
$215,800
—
2016
$3,779
-1%
$215,800
—
2015
$3,834
4%
$215,800
—
2014
$3,699
—
$215,800
—
2013
$3,715
—
$215,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by RE/MAX Universal

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141 E Rhine St, Elkhart Lake, WI 53020 (MLS# 1965963) is a Retail property. 141 E Rhine St is currently listed for $824,999 and was received on June 05, 2026. Want to learn more about 141 E Rhine St? Do you have questions about finding other Retail real estate for sale in Elkhart Lake? You can browse all Elkhart Lake real estate or contact a Coldwell Banker agent to request more information.

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