Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    245 Acres Hunting Land with Cabin Title is generated by Realmo AI

    N2410 KIENBAUM RD, Merrill, WI 54452

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $599,000

    LAND - Other - Merrill, WI

    Lot size:
    245.00 Acres
    Added:
    Jul 2, 2025
    Days on Market:
    330
    Last Refresh:
    May 27 at 8:06 am

    Property Features for N2410 KIENBAUM RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Rooms
    Dining Room
    Patio and Porch features
    Deck
    Exterior features
    Deck, Shed
    Fireplace
    1
    Appliances
    GasOven, GasRange, NoHotWater, Refrigerator
    Standard status
    Active Under Contract
    APN
    006-3104-012-9998
    Lot size
    245.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    00632043639996,006320043639996,00631040129998,00631040129999, 00631040129997,00631040129996
    Tax Annual Amount
    2810

    Utilities

    Sewer type
    Holding Tank
    Heating system
    Propane (Heating)

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Frame, MetalSiding
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Shed(s)

    We can help!

    Listing Contact
    KEITH HANSE
    KEITH HANSE

    Listing agent KEITH HANSE License #59045 - 90

    Listing office NORTHWOODS COMMUNITY REALTY, LLC 101 W Mohawk Drive, Tomahawk, WI

    Listing date Jul 2, 2025

    MLS# 213034 Listing URL

    Copyright © 2026 Greater Northwoods 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

    • 245 acres of hunting land with abundant wildlife
    • Newly completed 3‑bedroom cabin wired for generator and 12‑volt lighting
    • Middle Fork Copper River splits the property, offering trout fishing
    • Multiple permanent hunting stands overlooking food plots and extensive trail system
    • Direct access to snowmobile trails from the property
    • Storage container and 12x16 shed with roll‑up door for equipment storage

    Overview

    This 245-acre property in Merrill, WI, is suited for hunting. It features a newly completed cabin with 3 bedrooms and a roughed-in bathroom. The cabin is wired for generator and 12-volt lighting. A holding tank is installed and connected to the cabin and outhouse. The property includes multiple permanent stands overlooking food plots and trails, with trails throughout for navigation. The Middle Fork Copper River splits the property, offering trout fishing opportunities. The property is home to a variety of wildlife. A storage container is present for housing a tractor or UTV, along with a 12 x 16 shed with a roll-up door for extra storage next to the cabin. The southern boundary of the property adjoins a snowmobile trail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merrill
    County
    Lincoln
    State
    Wisconsin
    Longitude
    -89.9411402
    Latitude
    45.2024619

    Nearby Similar for Sale

    • $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
    • $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
    • $220,800
      3,600 SF

      Merrill, WI Multifamily Property

      Four-unit multifamily property near amenities in Merrill, Wisconsin.
      200 E 3RD STREET, Merrill, WI 54452
      View Details
    • $314,900
      976 SF

      New Deluxe Duplex Under Construction

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

      New Duplex Under Construction

      New two-bedroom duplex with modern amenities, expected completion May 2026.
      309 S KYES STREET, 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
    • $139,900
      920 SF

      Secluded Hunting Land with Cabin

      40-acre wooded property with cabin near Tug Lake.
      N5901 CAMP AVENUE, 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 two 3-bedroom units and a 2-car garage.
      501 E 9TH STREET, 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
    • $150,000

      Wisconsin River Waterfront Building Site

      1.14 acre waterfront lot ready for your dream home.
      Lot 1 Sunshine Road, Merrill, WI 54452
      View Details
    • $1,536,585
      11,840 SF

      Caliber Collision Investment Opportunity

      Single-tenant property with long-term lease and corporate guarantor.
      2602 E Main St, Merrill, WI 54452
      View Details

    FAQs

    What type of property is this?
    Hunting land - 245-acre hunting land with cabin, trails, and river.
    Where is this hunting land located?
    The property is located at N2410 KIENBAUM RD Merrill, WI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 245 acres of hunting land with abundant wildlife; Newly completed 3‑bedroom cabin wired for generator and 12‑volt lighting; Middle Fork Copper River splits the property, offering trout fishing
    (715) 966-1032
    We can help!
    Listing Contact
    KEITH HANSE
    KEITH HANSE
    Real Estate License ID: 59045 - 90
    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
    N2410 KIENBAUM RD, 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!