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    Wi-64 Merrill, WI 54452

    Sponsored
    For Sale
    $199,900

    6.32 Acres, Hwy 64 Frontage, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.32-acre commercial and residential land parcel presents a unique investment opportunity in Merrill, Wisconsin. Boasting excellent visibility and accessibility from State Highway 64, this property offers significant development potential. The flexible zoning allows for a variety of uses, including retail, commercial, or multi-family residential projects. Its strategic location places it in close proximity to major retailers such as Walmart, Park City Credit Union, and Aspirus, ensuring high traffic and visibility. The property's infrastructure is further enhanced by the availability of sewer and water access from Big Eddy Road. Furthermore, the possibility of Tax Increment District (TID) funding exists for suitable projects, and the city of Merrill is open to collaboration on appropriate developments. This presents a compelling opportunity for investors seeking a prime location with strong potential for growth and return. Note that a smaller, adjacent 2.23-acre parcel is also available for $99,900 (PIN#251-3106-132-0234). The property's APN is 251-3106-132-0236. This listing is for the larger 6.32-acre parcel only. The property is located in Lincoln County, Wisconsin, with a Merrill, WI 54452 zip code.

    Property Features for 0 Wi-64

    General Information

    Property type
    Land
    Lot Size
    275,299 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Merrill
    County
    Lincoln
    State
    Wisconsin
    Longitude
    -89.7328417
    Latitude
    45.1771251

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    FAQs

    What type of property is this?
    Land - 6.32 Acres, Hwy 64 Frontage, Development Potential
    Where is this land located?
    The property is located at Wi-64 Merrill, WI.
    What is the asking price?
    The asking price for this property is $199,900.
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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
    Wi-64 Merrill, WI 54452
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