Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot Near Golf Course Title is generated by Realmo AI

    Lot 7 GREEK STREET, Merrill, WI 54452

    View on Map
    Claim this Listing
    For Sale
    $59,900

    Lots - Merrill, WI

    Property size:
    31,752 SF
    Lot size:
    0.69 Acres
    Price / SF:
    $1.89/SF
    Added:
    Jan 28, 2026
    Days on Market:
    109
    Last Refresh:
    May 17 at 11:06 am

    Property Features for Lot 7 GREEK STREET

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Size
    31,752 SF
    Lot size
    0.69 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    AUSTIN SOLOMON
    AUSTIN SOLOMON

    Listing agent AUSTIN SOLOMON License #81433-94

    Listing office COLDWELL BANKER ACTION 928 GRAND AVENUE, Schofield, WI

    Listing date Jan 28, 2026

    MLS# 22600318 Listing URL

    Copyright © 2026 Central Wisconsin MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Enjoy elevated views along the back 9 of Merrill Golf Course.
    • Located in Golf Course Ridge Subdivision on a quiet cul‑de‑sac.
    • Equipped with WPS electric and natural gas service (run underground).
    • Sandy soil composition, likely to perk for a conventional septic system.
    • Part of a 10‑lot subdivision.
    • Street to be paved after the majority of lots are built on, with municipal maintenance including snow removal.

    Overview

    This 0.69-acre residential lot, identified as Lot 7 on Greek Street in Merrill, WI, is located within the Golf Course Ridge Subdivision. The property, with tax parcel number 024-3107-183-9939, offers an elevated view of the back nine holes of the Merrill Golf Course. The 18-hole championship golf course features a clubhouse and manicured grounds. Established in 1926 with the back nine added in the early 1990s, the golf course is a regionally-renowned landmark. The 10-lot subdivision is equipped with underground WPS electric and natural gas service. Future home sites will require the installation of a private well and septic system. The sandy soil composition is likely to support a conventional septic system, but buyer due diligence is required. The owner/developer plans to pave the street after the majority of the lots are built on. Following paving, the Town of Scott municipality will maintain the street, including snow removal during the winter months. The property is zoned residential.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Merrill
    County
    Lincoln
    State
    Wisconsin
    Longitude
    -89.672758
    Latitude
    45.1699002

    Nearby Similar for Sale

    • $315,000
      1,479 SF

      Prime Commercial Land Opportunity

      2.85 acre lot with high visibility and commercial potential.
      N1683 COUNTY ROAD W, Merrill, WI 54452
      View Details
    • $695,000
      74,000 SF

      74,000 SF Manufacturing/Warehouse Space

      Large manufacturing/warehouse space with office and conference areas.
      410 DOUGLAS ST, , WI 54452
      View Details
    • $120,000
      20,054 SF

      Historic Sawmill Building in Merrill

      Unique investment opportunity: historic sawmill ready for repurposing.
      700 HENDRICKS STREET, Merrill, WI 54452
      View Details
    • $314,900

      New Duplex Under Construction

      New two-bedroom duplex with modern amenities, completion expected May 2026.
      305 S KYES STREET, Merrill, WI 54452
      View Details
    • $314,900

      New Duplex Under Construction

      New construction duplex with modern amenities, completion expected May 2026.
      309 S KYES STREET, Merrill, WI 54452
      View Details
    • $39,900

      Commercial Lot in Merrill, WI

      Commercial lot ready for development near downtown Merrill.
      W4998 PINEWOOD LANE, Merrill, WI 54452
      View Details
    • $489,900

      Established Bar and Grill Opportunity

      Well-established bar and grill with living quarters in Merrill, WI.
      705 4TH ST N, Merrill, WI 54487
      View Details
    • $139,900

      Cabin in the Woods Land

      40-acre hunting land with cabin near Tug Lake, Wisconsin.
      N5901 CAMP AVENUE, Merrill, WI 54452
      View Details
    • $139,900

      Merrill Commercial Property For Sale

      Commercial property in prime location with business included.
      1325 MAIN ST W, Merrill, WI 54452
      View Details
    • $154,900

      Income-Producing Duplex in Merrill, WI

      Duplex with long-term tenants in convenient Merrill location.
      108 W 3RD STREET, Merrill, WI 54452
      View Details
    • $249,900

      Updated Duplex in Merrill, WI

      Updated duplex with 3 bedrooms, 1 bathroom per unit.
      501 E 9TH STREET, Merrill, WI 54452
      View Details
    • $220,800

      Merrill Fourplex Near Amenities

      Four-unit property in Merrill, WI, near many amenities.
      200 E 3RD STREET, Merrill, WI 54452
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.69 acre residential lot near Merrill Golf Course.
    Where is this residential land & home lot located?
    The property is located at Lot 7 GREEK STREET Merrill, WI.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: Enjoy elevated views along the back 9 of Merrill Golf Course.; Located in Golf Course Ridge Subdivision on a quiet cul‑de‑sac.; Equipped with WPS electric and natural gas service (run underground).
    (715) 212-4693
    We can help!
    Listing Contact
    AUSTIN SOLOMON
    AUSTIN SOLOMON
    Real Estate License ID: 81433-94
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lot 7 GREEK STREET, Merrill, WI 54452
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!