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Property profile & analytics
OFF-MARKET
Commercial real estate

419 Main St Merrill, WI 54452

12,500 SF Built 1923
Property ID
Property summary
AI-generated overview

This exceptional 12,500 square foot commercial building at 419 W MAIN STREET in Merrill, WI, presents a unique investment opportunity. Boasting two levels of versatile space, this property is ready for its next chapter. Significant renovations have already been completed, including a new roof and windows, and the abatement of asbestos. Detailed architectural drawings and an engineer's report are available, outlining the progress made on a previous plan to convert the space into loft apartments and retail shops or a gallery. The building is structurally sound and in excellent condition for its age, showcasing the quality of the completed work. While currently lacking running water, the property is well-positioned for a variety of commercial uses. The existing infrastructure provides a solid foundation for a new owner to customize the space to their specific needs, focusing on plumbing, electrical, and HVAC systems. Ample parking is available on-site. Priced at $299,000, this property offers substantial square footage and significant value for a discerning buyer. Earnest money will be held locally.

Property profile
Verified
Property type Commercial real estate
Year built 1923
Total area 12,500 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Winds Paradox Art Studio and Gallery Art Gallery
  • Winds Paradox (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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