1021 Main St Merrill, WI 54452
This exceptional commercial property, located at 1021 & 1023 E Main St in Merrill, Wisconsin, presents a remarkable investment opportunity. Boasting approximately 22,016 square feet, this well-maintained building offers versatile space ideal for a variety of commercial ventures. The main level features attractive display windows perfect for retail, while the lower level, currently used for retail, provides ample space adaptable to numerous uses, including office space or a cafe. The building benefits from excellent visibility, facing the main street on the upper level and enjoying convenient access to a large city-owned parking lot at the lower level entrance. The current owner is motivated to sell the building and is open to including inventory and fixtures in the sale. Additionally, there's a potential for a two-year lease agreement with the existing tenant occupying the upper floor, providing immediate rental income for the new owner. This property presents a unique chance to establish a thriving business or capitalize on its diverse possibilities within Merrill's vibrant downtown area. The asking price is $299,900. The property is zoned for commercial use and is located in Lincoln County, WI, zip code 54452.
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Merrill Hometown Pharmacy Pharmacy
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.