Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Corner Lot Title is generated by Realmo AI

    N1683 County Road W, Merrill, WI 54452

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    2.85 acre commercial lot with high traffic visibility.

    Type:Special Purpose
    Property size:
    1,479 SF
    Lot size:
    2.85 Acres
    Price / SF:
    $212/SF
    Added:
    Feb 28, 2026
    Days on Market:
    88
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for N1683 County Road W

    General Information

    Standard status
    Active
    Size
    1,479 SF
    Lot size
    2.85 Acres
    Property subtype
    Special Purpose

    We can help!

    Listing Contact
    Steven LaCerte

    Listing agent Steven LaCerte License #WI

    Listing office Coldwell Banker Action

    Listing date Feb 28, 2026

    Source Crexi

    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 Coldwell Banker Action

    HighLights

    • Prime corner lot location at the intersection of County Road W, Hwy 64, and State Road 17.
    • Zoned crossroads mixed, allowing for residential or commercial use.
    • High traffic volume and excellent visibility, ideal for various businesses.
    • 2.85‑acre lot offers ample space for development.
    • Existing 3‑bedroom, 2‑bathroom home (1400 sq ft) provides an additional bonus.
    • Close proximity to Hwy 51 for convenient access.

    Overview

    This 2.85-acre lot, according to the assessor, is zoned as crossroads mixed, allowing for either residential or commercial use. Situated on the corner of County Road W, Hwy 64, and State Road 17, and in close proximity to Hwy 51, the property benefits from heavy traffic and high visibility, making it suitable for various business ventures. Potential uses include a convenience store, automobile dealership, or restaurant. A 1,400 sq ft home with 3 bedrooms, 2 bathrooms, and a 2-car attached garage is located on the property. The value of the property is based on its commercial potential, not its residential features. The home is being sold in as-is condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Merrill
    County
    Lincoln
    State
    Wisconsin
    Longitude
    -89.8275078
    Latitude
    45.2326931

    Nearby Similar for Sale

    • $695,000
      74,000 SF

      74,000 SF Manufacturing/Warehouse Space

      Large manufacturing/warehouse space with office and conference areas.
      410 DOUGLAS ST, , WI 54452
      View Details
    • $315,000
      1,479 SF

      Prime Commercial Land Opportunity

      2.85-acre lot with high visibility and commercial potential.
      N1683 COUNTY ROAD W, Merrill, WI 54452
      View Details
    • $220,800
      3,600 SF

      Merrill, WI Multifamily Property

      Four-unit multifamily property near amenities in Merrill, Wisconsin.
      200 E 3RD STREET, Merrill, WI 54452
      View Details
    • $314,900
      976 SF

      New Deluxe Duplex Under Construction

      New construction duplex with modern amenities, completion expected May 2026.
      305 S KYES STREET, Merrill, WI 54452
      View Details
    • $314,900
      976 SF

      New Duplex Under Construction

      New two-bedroom duplex with modern amenities, expected completion May 2026.
      309 S KYES STREET, Merrill, WI 54452
      View Details
    • $139,900

      Merrill Commercial Property For Sale

      Commercial property in prime location with business included.
      1325 MAIN ST W, Merrill, WI 54452
      View Details
    • $139,900
      920 SF

      Secluded Hunting Land with Cabin

      40-acre wooded property with cabin near Tug Lake.
      N5901 CAMP AVENUE, Merrill, WI 54452
      View Details
    • $154,900

      Income-Producing Duplex in Merrill, WI

      Duplex with long-term tenants in convenient Merrill location.
      108 W 3RD STREET, Merrill, WI 54452
      View Details
    • $249,900

      Updated Duplex in Merrill, WI

      Updated duplex with two 3-bedroom units and a 2-car garage.
      501 E 9TH STREET, Merrill, WI 54452
      View Details
    • $489,900

      Established Bar and Grill Opportunity

      Well-established bar and grill with living quarters in Merrill, WI.
      705 4TH ST N, Merrill, WI 54487
      View Details
    • $150,000

      Wisconsin River Waterfront Building Site

      1.14 acre waterfront lot ready for your dream home.
      Lot 1 Sunshine Road, Merrill, WI 54452
      View Details
    • $1,536,585
      11,840 SF

      Caliber Collision Investment Opportunity

      Single-tenant property with long-term lease and corporate guarantor.
      2602 E Main St, Merrill, WI 54452
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.85 acre commercial lot with high traffic visibility.
    Where is this commercial land located?
    The property is located at N1683 County Road W Merrill, WI.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: Prime corner lot location at the intersection of County Road W, Hwy 64, and State Road 17.; Zoned crossroads mixed, allowing for residential or commercial use.; High traffic volume and excellent visibility, ideal for various businesses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steven LaCerte
    Real Estate License ID: WI
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    N1683 County Road W, Merrill, WI 54452
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!