325 2Nd St Merrill, WI 54452
- Commercial real estate
- 21,250 SF
- 0.52 lot acres
Current Use by Public Records
- Serce-2-Sisu Fitness & Movement / Physical Fitness Program
Property Details for 325 2Nd St
- Year built
- 1945
- Lot size
- 0.52 lot acres
- Property size
- 21,250 SF
- Property type
- Commercial real estate
Description
This exceptional mixed-use commercial property, located at 325 E 2ND Street in the heart of Merrill, Wisconsin, presents a unique investment opportunity. The building encompasses a substantial 21,250 square feet on a 0.52-acre lot and is priced significantly below its appraised value, making it an attractive proposition for savvy investors. The property features a versatile layout, ideal for a variety of uses. A significant portion of the building consists of a 6,436 square foot open warehouse space, complete with an overhead door and a private restroom. Currently utilized as a gym, this area offers ample room for expansion or adaptation to suit diverse business needs. Above the warehouse, two stories of mixed-use space, each approximately 4,810 square feet, provide additional flexibility. A main level loading dock enhances logistical efficiency. The building also includes a full basement, currently occupied by a craftsman, which presents further development potential. High ceilings throughout the building create a loft-like atmosphere, perfectly suited for creative renovations. The space is well-positioned for conversion into apartments or for adaptive reuse as an art studio, woodworking shop, or similar creative enterprise. This property offers a compelling blend of existing functionality and significant upside potential, making it an ideal choice for entrepreneurs and investors seeking a prime location in a thriving community. The asking price is $224,900.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merrill
- County
- LINCOLN
- State
- Wisconsin
- Longitude
- -89.6949
- Latitude
- 45.1807
