Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    On State Hwy 64 Merrill, WI 54452

    Sponsored
    For Sale
    $196,725

    Land - Merrill, WI

    Lot size:
    80.00 Acres
    Days on Market:
    26
    Last Refresh:
    Feb 27 at 8:06 am

    Property Features for On State Hwy 64

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    80.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    TODD FREDERICKSON

    Steigerwaldt Land Sales LLC (715) 612-0508

    Listing agent TODD FREDERICKSON (715) 453-3274 License #57356-90

    Listing date Feb 2, 2026

    MLS# 22600363 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.

    Learn more

    Overview

    80 Acres of Forestland

    This property features 80 acres of forestland situated on Highway 64, eleven miles east of Merrill, Wisconsin. The forest composition includes aspen, northern hardwood, lowland conifer, and brush. Power is accessible at the road. The land is enrolled in the Managed Forest Law program, providing tax relief. A timber sale has been recently completed on this tract with good regeneration. Adjacent land is also available.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Merrill
    County
    Lincoln
    State
    Wisconsin
    Longitude
    -89.454082900238
    Latitude
    45.149368016179

    Nearby Similar for Sale

    • $314,900
      976 SF

      New Duplex Under Construction

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

      New Duplex Under Construction

      New two-bedroom duplex with modern amenities, completion expected May 2026.
      305 S Kyes St, Merrill, WI 54452
      View Details
    • $180,000
      3,744 SF

      Waterfront Property in Merrill, WI

      Two-story, maintenance-free building suitable for business or personal use.
      1000 W Main St, Merrill, WI 54452
      View Details
    • $329,900

      Updated Fourplex in Merrill, WI

      Updated four-unit multi-family property with separate utilities in Merrill.
      1322 W Main St, Merrill, WI 54452
      View Details
    • $181,500
      9 SF

      Waterfront Commercial Property in Merrill

      Commercial property with river frontage, adaptable buildings, and expansion potential.
      121 N Valley St, Merrill, WI 54452
      View Details
    • $159,000

      Income-Producing Duplex in Merrill, WI

      Duplex with long-term tenants in a convenient Merrill location.
      108 W 3Rd St, Merrill, WI 54452
      View Details
    • $220,800

      Merrill Fourplex Near Amenities

      Four-unit property in Merrill, WI, near many amenities.
      200 E 3Rd St, Merrill, WI 54452
      View Details
    • $695,000
      74,000 SF

      Merrill Manufacturing/Warehouse Space Available

      74,000+ sq ft manufacturing/warehouse in Merrill, WI for sale.
      410 Douglas St, Merrill, WI 54452
      View Details
    • $274,900
      20,000 SF

      Merrill Retail/Office Building For Sale

      Well-kept 20,000 SF building with retail and office potential.
      1021 Main St E, Merrill, WI 54452
      View Details
    • $489,900
      0.70 Acres

      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
      0.21 Acres

      Merrill Commercial Property For Sale

      Commercial property in prime location with business included.
      1325 Main St W, Merrill, WI 54452
      View Details
    • $2,000,000
      20.00 Acres

      Merrill Commercial Property For Sale

      Established towing and service business with real estate for sale.
      W4066/68 Cth G, Merrill, WI 54452
      View Details

    FAQs

    What type of property is this?
    Land - 80 acres of forestland located near Merrill, Wisconsin.
    Where is this land located?
    The property is located at On State Hwy 64 Merrill, WI.
    What is the asking price?
    The asking price for this property is $196,725.
    What are key features of this property?
    This property features: - 80 acres of forestland, a great investment opportunity.; - Recently completed timber sale with good regeneration ensures future growth.; - Enrolled in Managed Forest Law (MFL) program for tax relief.
    (715) 612-0508
    Request Owner's contact information
    On State Hwy 64 Merrill, WI 54452
    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.
    On State Hwy 64
    Merrill, WI 54452
    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
    On State Hwy 64 Merrill, WI 54452
    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

    We can help!
    Listing Contact
    TODD FREDERICKSON
    Real Estate License ID: 57356-90
    (715) 612-0508 (715) 453-3274
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!