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Property profile & analytics
OFF-MARKET
Mixed-use properties

2405 Merrill Ave Wausau, WI 54401

2,201 SF 0.94 ac lot Built 1961
Property ID
US92-1249017
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Year built 1961
Total area 2,201 SF
Lot 0.94 ac (40,946 SF)
UPID US92-1249017
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
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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