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Property profile & analytics
OFF-MARKET
Specialty properties

3456 Main St Merrill, WI 54452

3,960 SF 0.45 ac lot
Property ID
Property summary
AI-generated overview

This exceptional fee-simple car wash opportunity in Merrill, Wisconsin, presents a compelling investment prospect. The 3,960-square-foot facility, situated on a 0.45-acre lot, underwent a complete renovation in 2023, including new equipment and updated garage. The property boasts six parking spaces and benefits from a prime location on E. Main St., near the intersection of US Hwy 51, a high-traffic area with a combined 27,500 vehicles per day. Its strategic placement as an outparcel to a Tractor Supply anchored center, alongside McDonald's, ensures high visibility and strong tenant synergy. The surrounding area is densely populated with national retailers, including Walmart, Walgreens, and numerous fast-food chains, creating a robust retail corridor. Further enhancing its appeal is the proximity to Aspirus Merrill Hospital, a 25-bed facility that drives additional traffic. The 7-mile trade area encompasses over 15,000 residents and 7,000 employees, with an average household income of $90,813. The property is zoned for Thoroughfare Commercial use and offers the potential for implementing a subscription model to further grow the customer base. The asking price is $499,000, translating to $126.01 per square foot. This turnkey operation presents a value-add opportunity with significant upside potential. The property's APN is 251-3106-182-0136.

Property profile
Verified
Property type Specialty properties
Total area 3,960 SF
Lot 0.45 ac (19,602 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
  • D Best Car Wash Car Wash
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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