Property profile

508 Eugene St Merrill, WI 54452

OFF-MARKET
Commercial real estate
6,600 SF Built 1994
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Property summary

AI-generated overview

This exceptional 6,600 square foot commercial property located at 508 Eugene Street in Merrill, Wisconsin, presents a unique investment opportunity. The building, a former church, boasts a versatile layout ideal for a variety of commercial uses. The expansive interior features large open areas perfect for customization into offices, retail spaces, or other commercial ventures. A thoughtful design allows for a welcoming entryway with an overhang, creating a professional and inviting reception area. The property includes a convenient shed for additional storage. A paved drive-up/drop-off area ensures easy access and ample parking. Furthermore, the property includes a playground area (equipment excluded), offering potential for additional development or amenity use. The substantial land surrounding the building provides significant opportunities for expansion, future development, or even the possibility of subdividing and selling off portions to other users. Priced at $561,000, this property offers significant potential for return on investment in a desirable location. The combination of size, location, and versatility makes this a truly remarkable opportunity for a discerning buyer. Don't miss out on this chance to acquire a substantial commercial property with immense potential.

Property profile

Verified
Property type Commercial real estate
Year built 1994
Total area 6,600 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Location

508 Eugene St Merrill, WI 54452
Merrill metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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