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    State Highway 64 Merrill, WI 54452

    For Sale
    $99,900

    Prime 2.23-acre lot, Hwy 64 visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2.23-acre commercial and residential land parcel boasts unparalleled visibility from State Highway 64 in Merrill, Wisconsin. Its strategic location places it adjacent to Aspirus and a short distance from Walmart, ensuring high traffic and excellent exposure for any development. The property is zoned for flexible use, opening up a range of possibilities for retail, commercial, or even multifamily projects. The parcel's APN is 251-3106-132-0234. Utilities are readily accessible, with sewer and water available via Big Eddy Road. Furthermore, the potential for Tax Increment District (TID) funding exists for suitable projects, and the city of Merrill has expressed a willingness to collaborate on appropriate developments. This presents a unique opportunity for investors seeking high-visibility land in a thriving area. The asking price is $99,900. Consideration for subdivision is also possible. Note that an additional 6.32-acre parcel is also available for purchase separately.

    Property Features for 0 State Highway 64

    General Information

    Property type
    Land
    Lot Size
    97,139 SF

    HighLights

    • 2.23‑acre commercial/residential lot with excellent State Highway 64 visibility in Merrill, WI.
    • Adjacent to Aspirus, near Walmart, ensuring high traffic.
    • Zoned for flexible use: retail, commercial, or multifamily.
    • APN: 251‑3106‑132‑0234; utilities available.
    • Potential Tax Increment District (TID) funding; city collaboration possible.
    • Asking price: $99,900; subdivision potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Merrill
    County
    Lincoln
    State
    Wisconsin
    Longitude
    -89.7328417
    Latitude
    45.1771251

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    FAQs

    What type of property is this?
    Land - Prime 2.23-acre lot, Hwy 64 visibility.
    Where is this land located?
    The property is located at State Highway 64 Merrill, WI.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: 2.23-acre commercial/residential lot with excellent State Highway 64 visibility in Merrill, WI.; Adjacent to Aspirus, near Walmart, ensuring high traffic.; Zoned for flexible use: retail, commercial, or multifamily.
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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
    State Highway 64 Merrill, WI 54452
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