3456 Main St Merrill, WI 54452
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.
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D Best Car Wash Car Wash
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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