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    201 Center Ave Merrill, WI 54452

    Sponsored
    For Sale
    $265,000

    Prime corner lot, redevelopment potential, 6,049 sq ft.

    Property size:
    6,049 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 6,049 square foot, two-story building at 201 N Center Ave, Merrill, WI 54452, presents a unique investment opportunity. Built in 1900, this Class D property sits on a 0.29-acre lot (APN 251-3106-124-0138) and is zoned for Thoroughfare Commercial use. Currently vacant, the property offers significant redevelopment potential. Its prime corner location on a main thoroughfare provides excellent visibility, situated conveniently near a new A&W and Walgreens. The building's existing structure, featuring an older architectural style and a spacious garage on the east side, allows for diverse uses. It could be repurposed into a multi-family dwelling, accommodate multiple business tenants, or serve as a redevelopment site. The property includes three units and offers a compelling blend of land value and building potential. This is an exceptional chance to capitalize on a desirable location and create a profitable venture. The asking price is $265,000.

    Property Features for 201 Center Ave

    General Information

    Property type
    Day care centers
    Square Feet
    6,049 SF
    Class
    D
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1900
    Stories
    2
    Units
    3

    HighLights

    • 6,049 SF, two‑story building on a 0.29‑acre lot in Merrill, WI.
    • Class D property built in 1900, zoned Thoroughfare Commercial.
    • Currently vacant, offering redevelopment potential.
    • Prime corner location on a main thoroughfare, near A&W and Walgreens.
    • Features three units and a spacious garage.
    • Asking price: $265,000.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrill
    County
    Lincoln
    State
    Wisconsin
    Longitude
    -89.683112340136
    Latitude
    45.182895869764

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    FAQs

    What type of property is this?
    Day care center - Prime corner lot, redevelopment potential, 6,049 sq ft.
    Where is this day care center located?
    The property is located at 201 Center Ave Merrill, WI.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: 6,049 SF, two-story building on a 0.29-acre lot in Merrill, WI.; Class D property built in 1900, zoned Thoroughfare Commercial.; Currently vacant, offering redevelopment potential.
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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
    201 Center Ave Merrill, WI 54452
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