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Property profile & analytics
OFF-MARKET
Day care centers

201 Center Ave Merrill, WI 54452

6,049 SF 0.29 ac lot Built 1900
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Day care centers
Year built 1900
Total area 6,049 SF
Lot 0.29 ac (12,632 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
  • Charles A. Sowieja D.D.S., S.C. Dental Office
  • Advantage Insurance Services of Merrill Insurance Agency
  • Wellness Center/Nan Matthews Medical Clinic
  • Hedlund Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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