1021 Main St Merrill, WI 54452
This exceptional commercial property, located at 1021 & 1023 E MAIN STREET in Merrill, WI, offers 22,016 square feet of versatile space. The building boasts a prime downtown location, with the upper level facing the main street and featuring attractive display windows ideal for retail businesses. The lower level, currently used for retail, offers significant flexibility and could easily accommodate a variety of uses, including office space or a cafe, given its previous history. The lower level also benefits from convenient access to a large city-owned and maintained parking lot. The building is exceptionally well-maintained. The current tenant, Johnsons of Merrill, L.L.C., occupying the upper floor, is open to a two-year lease agreement with a potential buyer, providing immediate income potential. The sale includes the building itself, with the option to purchase existing inventory and fixtures. This presents a unique opportunity for an investor or entrepreneur seeking a high-visibility location with substantial space and diverse possibilities. The asking price is $274,900. This property is ready for your vision.
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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
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.