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    120 Meridian Dr New Richmond, WI 54017

    For Sale
    $575,000

    1.07-acre lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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 Features for 120 Meridian Dr

    General Information

    Property type
    Land
    Lot Size
    46,609 SF

    HighLights

    • $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.
    • National retail tenants nearby.
    • Former gas station site; tanks remain in ground.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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

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    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
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    120 Meridian Dr New Richmond, WI 54017
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    New Richmond, WI 54017
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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
    120 Meridian Dr New Richmond, WI 54017
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