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    201 Center Ave Merrill, WI 54452

    For Sale
    $265,000

    Spacious building, redevelopment potential, high traffic area.

    Property size:
    6,049 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 6,049 square foot commercial building is situated on a desirable corner lot at the intersection of E 2nd St and N Center Ave in Merrill, WI. Its prime location on a main thoroughfare offers excellent visibility and accessibility, with a new A&W restaurant to the north and a Walgreens to the south, ensuring high foot traffic and potential customer base. The property presents a unique opportunity for various uses. The existing structure, characterized by its charming older architectural style, could be repurposed for multi-family residential conversion, given its size and the inclusion of a spacious garage on the east side. Alternatively, the building's layout could accommodate multiple business tenants, providing a flexible space for diverse commercial operations. The land itself offers significant value, and demolition to make way for new construction is also a viable option. This versatile property is ideal for investors seeking a redevelopment project with strong potential for return, or entrepreneurs looking for a well-located space to establish or expand their business. The building's existing structure provides a solid foundation for a variety of future uses, making it a truly unique investment opportunity in a thriving community. Serious inquiries are encouraged to explore the full potential of this remarkable property.

    Property Features for 201 Center Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,049 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Charles A. Sowieja D.D.S., ... Dentist Advantage Insurance Services ... Insurance Agency Wellness Center/Nan Matthews Medical Clinic Hedlund Insurance Insurance Agency

    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
    -89.68274
    Latitude
    45.18295

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious building, redevelopment potential, high traffic area.
    Where is this commercial real estate located?
    The property is located at 201 Center Ave Merrill, WI.
    What is the asking price?
    The asking price for this property is $265,000.
    (715) 261-2922
    Request Owner's contact information
    201 Center Ave Merrill, WI 54452
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    Merrill, WI 54452
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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
    201 Center Ave Merrill, WI 54452
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