2405 Merrill Ave Wausau, WI 54401
This exceptional mixed-use property in Wausau, Wisconsin, presents a unique investment opportunity. Situated on a nearly one-acre corner lot (0.94 acres) in the Village of Maine, this property boasts high visibility due to its proximity to Highway K and I-39, ideal for signage and attracting clients. The 2,201 square foot building, constructed in 1961, features two structures: a main building and a detached garage built in 2003. The main building offers four main-floor offices, including a primary suite with a gas fireplace, walk-in closet, and deck access. A finished mudroom (15x8) provides additional space, potentially usable as a reception area or laundry. The mid-century modern kitchen features updated appliances and ample storage. The lower level includes a family room, a large unfinished area suitable for a workshop, and a separate laundry area with a toilet and sink. The detached garage offers 9-foot tall insulated overhead doors, a concrete floor, separate electrical panel, and attic storage. The property also includes a fenced dog kennel area and a large deck. Recent updates include a new 50-gallon electric water heater (2018), a Carrier two-stage furnace, and a 200-amp electrical service. The property is commercially zoned, allowing for a variety of business uses while maintaining its residential capabilities. Some maintenance is required. Asking price: $289,000.
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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