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    Main St Merrill, WI 54452

    For Sale
    $300,000

    Prime Commercial Lot, Highway 51 Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.016-acre commercial land parcel presents a unique investment opportunity in Merrill, Wisconsin. Located on E Main St, this property boasts unparalleled visibility due to its immediate proximity to Highway 51, ensuring high traffic exposure for any business. The lot is zoned for Thoroughfare Commercial use (APN: 251-3106-182-0226), offering flexibility for a variety of development options, including restaurants, retail establishments, or service businesses. All utilities are readily available, simplifying the development process. The City of Merrill has previously invested in this parcel to incentivize development, and depending on the proposed project, potential credits towards the property value may be available through an agreement and approval process. This prime location, coupled with the city's commitment to development, makes this a truly exceptional opportunity for the right developer. The property's strategic placement and high visibility make it an ideal location for attracting customers and establishing a thriving business. Serious inquiries are encouraged to explore the potential for development and the possibility of city-backed incentives. This is a rare chance to acquire a highly visible and strategically located commercial lot in a growing community. Don't miss this opportunity to secure a prime piece of Merrill real estate.

    Property Features for 0 Main St

    General Information

    Property type
    Land
    Lot Size
    87,817 SF

    HighLights

    • $300,000 asking price for 2.016 acres of commercial land.
    • Located on E Main St, Merrill, WI 54452, with high visibility from Highway 51.
    • Thoroughfare Commercial zoning.
    • All utilities available.
    • Prime development opportunity; city incentives may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Merrill
    County
    Lincoln
    State
    Wisconsin
    Longitude
    -89.649434158968
    Latitude
    45.177795559678

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, Highway 51 Visibility
    Where is this land located?
    The property is located at Main St Merrill, WI.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: $300,000 asking price for 2.016 acres of commercial land.; Located on E Main St, Merrill, WI 54452, with high visibility from Highway 51.; Thoroughfare Commercial zoning.
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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
    Main St Merrill, WI 54452
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