1445 Merrill AveWausau, WI 54401

Property Details for 1445 Merrill Ave

Year built

2000

Lot size

0.69 AC

Zone code

R3

Property type

Commercial real estate

APN

291-2907-232-0080

APU

29129072320080

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $6,211,790

  Hospitality

  $5,689,967

  Educational

  $4,733,986

  Medical

  $4,896,794

  Retail

  $7,363,978

Location Insight

City

Wausau

County

Marathon

State

Wisconsin

Latitude

44.9825

Longitude

-89.6467

CBSA code

48140

CBSA name

WAUSAU-WESTON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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