201 Center Ave Merrill, WI 54452
This 6,049 square foot, two-story building at 201 N Center Ave, Merrill, WI 54452, presents a unique investment opportunity. Built in 1900, this Class D property sits on a 0.29-acre lot (APN 251-3106-124-0138) and is zoned for Thoroughfare Commercial use. Currently vacant, the property offers significant redevelopment potential. Its prime corner location on a main thoroughfare provides excellent visibility, situated conveniently near a new A&W and Walgreens. The building's existing structure, featuring an older architectural style and a spacious garage on the east side, allows for diverse uses. It could be repurposed into a multi-family dwelling, accommodate multiple business tenants, or serve as a redevelopment site. The property includes three units and offers a compelling blend of land value and building potential. This is an exceptional chance to capitalize on a desirable location and create a profitable venture. The asking price is $265,000.
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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
Similar Nearby for Sale
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.