Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    120 Meridian Dr New Richmond, WI 54017

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.07-acre lot, high traffic area.

    Property Features for 120 Meridian Dr

    General Information

    Property type
    Land
    Lot Size
    46,609 SF

    We can help!

    Listing Contact
    Isaac Berg
    Isaac Berg

    Listing Agency: Colliers - Milwaukee Listing Agent: Isaac Berg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 1.07-acre commercial land parcel presents a unique investment opportunity in New Richmond, Wisconsin. Located at 120 Meridian Dr, 54017, this property boasts a highly desirable location with strong traffic counts, making it ideal for a variety of commercial ventures. The site is characterized by its large size, offering ample space for development. While previously occupied by a gas station, the tanks remain in the ground. This presents both a challenge and an opportunity for a buyer with the vision and resources to repurpose the site. The property's strategic position near national retail tenants to the south further enhances its potential. The address is verified as 120 Meridian Dr, New Richmond, St. Croix County, Wisconsin, 54017. The asking price for this exceptional commercial land is $575,000. This property is zoned for commercial use and offers significant potential for growth and return on investment. Serious inquiries are encouraged.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    New Richmond
    County
    St. Croix
    State
    Wisconsin
    Longitude
    -92.5366823
    Latitude
    45.1076619

    Nearby Similar for Sale

    • $1,195,000
      4,700 SF

      Versatile Commercial Property in New Richmond

      Commercial property with restaurant, office, and warehouse space for sale.
      1230 N Knowles Ave, New Richmond, WI 54017
      View Details
    • $799,000
      1.00 Acre

      Versatile Commercial Property on Highway 64

      Functional commercial property with warehouse and showroom space, ample parking.
      1169 Highway 64, New Richmond, WI 54017
      View Details
    • $450,000
      0.52 Acres

      Historic Mixed-Use Property For Sale

      Stately 1891 building with commercial space and residential apartment.
      114 E 6Th St, New Richmond, WI 54017
      View Details
    • $1,200,000
      4.94 Acres

      Turnkey Event Venue in Wisconsin

      Exceptional event venue for weddings, receptions, and private events.
      1905 Highway 46, New Richmond, WI 54017
      View Details
    • $159,900

      Garage Condo for Storage or Hobbies

      Spacious garage condo ideal for storage, workshops, and hobbies.
      1960 140Th St, New Richmond, WI 54017
      View Details
    • $325,000
      2,024 SF

      Mixed-Use Building Near Downtown

      Two-story mixed-use property near downtown New Richmond, Wisconsin.
      227 S Arch Ave, New Richmond, WI 54017
      View Details
    • $1,450,000

      Iconic Supper Club Opportunity

      Well-established supper club with dining, bar, and updated amenities.
      1905 Wi-64, New Richmond, WI 54017
      View Details
    • $149,900
      1,125 SF

      New Richmond Garage Condos

      60 Units, 1,125 sq ft, $149,900
      1958 140Th St, New Richmond, WI 54017
      View Details

    FAQs

    What type of property is this?
    Land - 1.07-acre lot, high traffic area.
    Where is this land located?
    The property is located at 120 Meridian Dr New Richmond, WI.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: $575,000 asking price for 1.07 acres of commercial land.; Located at 120 Meridian Dr, New Richmond, WI 54017.; Large parcel with strong traffic counts.
    (414) 278-6862 Call to check price and availability
    Request Owner's contact information
    120 Meridian Dr New Richmond, WI 54017
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    120 Meridian Dr
    New Richmond, WI 54017
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    120 Meridian Dr New Richmond, WI 54017
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Isaac Berg
    Isaac Berg
    Real Estate License ID: 8975294
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!