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Corner Lot Redevelopment Opportunity
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201 N Center Ave, Merrill, WI 54452

Two-story building on a corner lot with redevelopment potential.

Property Size6,049 SF
Price / SF$28.93
Days on Market632

Property Features for 201 N Center Ave

General Information

Standard status Active
Size 6,049 SF
Class D
Property subtype Multifamily, Office, Retail
Zoning Thoroughfare Commercial

Building Details

Year Built 1900
Stories 2
Units 3
Listing Agency: NAI Pfefferle
Listed By: T.J. Morice, SIOR · License #WI 89917-94
Source: Crexi
Added: Nov 15, 2024 Changed: Aug 8 Last Checked: Aug 8 at 1:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Pfefferle

Investment Insights

Based on property information with market context.

This two-story building features an older architectural style and is located on a corner lot on a main thoroughfare. The property offers a range of potential uses, including conversion into multi-family living, accommodating multiple business tenants, or serving as a redevelopment center. A spacious garage is located on the east side of the building. The property is situated between a new A&W to the north and a Walgreens to the south. The property has a land value use and demo option. The property size is 6049 square feet.

Key Highlights

  • High‑traffic corner lot location on a main thoroughfare
  • Land value use and demolition option
  • Potential for conversion into multi‑family housing

Property Analytics

Current Use

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

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Storage Facility Kitchen & Bath Showroom Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

481
Businesses Nearby

Demographics for 54452, WI

18,851
Population
9,181
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
93%
High-School Grad
438.0 sq mi
ZIP Area
43
Density / Sq Mi
$65,522
Median Household Income
$41,744
Median Earnings
$777
Median Rent
$162,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story building on a corner lot with redevelopment potential.
Where is this mixed-use property located?
The property is located at 201 N Center Ave Merrill, WI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: High‑traffic corner lot location on a main thoroughfare; Land value use and demolition option; Potential for conversion into multi‑family housing
More about this property
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