For Sale
$995,000

1445 Merrill AveWausau, WI 54401

High-return investment opportunity; 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional mixed-use property, located at 1445 Merrill Ave in Wausau, Wisconsin, presents a compelling investment opportunity. The 22,830 square foot building, constructed in 1998, sits on a 0.72-acre corner lot, offering excellent visibility and accessibility. Currently operating at 100% occupancy with a tenant vacating by October 2024, this property boasts a versatile layout suitable for a variety of uses, including pharmacy, restaurant, and storefront operations, as permitted by the SO-Suburban Office zoning. The building features a solid design, ample parking, and attractive landscaping. The asking price is $995,000, translating to $43.58 per square foot. A significant advantage is the inclusion of a finished 11,415 square foot basement, adding considerable potential for expansion or alternative uses. This well-maintained property is ready for a new owner to capitalize on its prime location and strong potential for future income generation. The property's location in Marathon County, Wisconsin, with a zip code of 54401, ensures convenient access to local amenities and a thriving community. This is a rare chance to acquire a high-performing commercial property in a desirable location.

Highlights

  • $995,000 asking price for a 22,830 square foot mixed-use property in Wausau, WI.
  • 100% occupancy with a current podiatry tenant vacating by October 2024.
  • Located on a 0.72-acre corner lot at 1445 Merrill Ave, Wausau, WI 54401, offering excellent visibility and ample parking.
  • Features a 11,415 square foot finished basement, adding significant usable space.
  • Building is well-maintained and ready for immediate occupancy by a new owner.
  • Priced at $43.58 per square foot.

Property Details for 1445 Merrill Ave

Property type
Retail properties, Restaurants
Square Feet
22,830 SF
Year Built
1998
Lot Size (sq. ft)
31,363 SF

Location Insight

City
Wausau
County
Marathon
State
Wisconsin
Latitude
44.982129648041
Longitude
-89.646914605572
1445 Merrill Ave, Wausau, Wisconsin

FAQs

What type of property is this?
Retail property - High-return investment opportunity; 100% occupied.
Where is the retail property located?
The property is located at 1445 Merrill Ave Wausau, WI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: $995,000 asking price for a 22,830 square foot mixed-use property in Wausau, WI.; 100% occupancy with a current podiatry tenant vacating by October 2024.; Located on a 0.72-acre corner lot at 1445 Merrill Ave, Wausau, WI 54401, offering excellent visibility and ample parking.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1445 Merrill Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message