Property summary
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.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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