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    508 Eugene St Merrill, WI 54452

    For Sale
    $561,000

    Spacious former church, ample land, great location.

    Property size:
    6,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 6,600 square foot commercial property located at 508 Eugene Street in Merrill, Wisconsin, presents a unique investment opportunity. The building, a former church, boasts a versatile layout ideal for a variety of commercial uses. The expansive interior features large open areas perfect for customization into offices, retail spaces, or other commercial ventures. A thoughtful design allows for a welcoming entryway with an overhang, creating a professional and inviting reception area. The property includes a convenient shed for additional storage. A paved drive-up/drop-off area ensures easy access and ample parking. Furthermore, the property includes a playground area (equipment excluded), offering potential for additional development or amenity use. The substantial land surrounding the building provides significant opportunities for expansion, future development, or even the possibility of subdividing and selling off portions to other users. Priced at $561,000, this property offers significant potential for return on investment in a desirable location. The combination of size, location, and versatility makes this a truly remarkable opportunity for a discerning buyer. Don't miss out on this chance to acquire a substantial commercial property with immense potential.

    Property Features for 508 Eugene St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,600 SF

    Building Details

    Year Built
    1994
    Property Profile Location Intelligence

    Current Use by Public Records

    Highland Community Church ... Church

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Wholesale Shop Kitchen & Bath Bar & Pub Daycare Center Discount Store Electronics Store Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrill
    County
    LINCOLN
    State
    Wisconsin
    Longitude
    -89.72981
    Latitude
    45.1741

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious former church, ample land, great location.
    Where is this commercial real estate located?
    The property is located at 508 Eugene St Merrill, WI.
    What is the asking price?
    The asking price for this property is $561,000.
    (715) 261-2922
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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
    508 Eugene St Merrill, WI 54452
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