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    1021 Main St Merrill, WI 54452

    For Sale
    $274,900

    Prime retail space, huge potential.

    Property size:
    22,016 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, located at 1021 & 1023 E MAIN STREET in Merrill, WI, offers 22,016 square feet of versatile space. The building boasts a prime downtown location, with the upper level facing the main street and featuring attractive display windows ideal for retail businesses. The lower level, currently used for retail, offers significant flexibility and could easily accommodate a variety of uses, including office space or a cafe, given its previous history. The lower level also benefits from convenient access to a large city-owned and maintained parking lot. The building is exceptionally well-maintained. The current tenant, Johnsons of Merrill, L.L.C., occupying the upper floor, is open to a two-year lease agreement with a potential buyer, providing immediate income potential. The sale includes the building itself, with the option to purchase existing inventory and fixtures. This presents a unique opportunity for an investor or entrepreneur seeking a high-visibility location with substantial space and diverse possibilities. The asking price is $274,900. This property is ready for your vision.

    Property Features for 1021 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    22,016 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Merrill Hometown Pharmacy Pharmacy

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrill
    County
    LINCOLN
    State
    Wisconsin
    Longitude
    -89.68467
    Latitude
    45.18034

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    FAQs

    What type of property is this?
    Commercial real estate - Prime retail space, huge potential.
    Where is this commercial real estate located?
    The property is located at 1021 Main St Merrill, WI.
    What is the asking price?
    The asking price for this property is $274,900.
    (715) 536-9518
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    Realmo Value Estimation

    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.

    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.

    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
    1021 Main St Merrill, WI 54452
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