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811-813 E 1ST STREET

Merrill, WI 54452
  • $75,000
  • STATUS: Active Under Contract
  • ON SITE: 72 Days
  • MLS #: 22204713
Under Contract
UPDATED: 47 min ago
$75,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 5,074
    SQFT
  • $15
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

This solidly built red brick building presents a unique opportunity for the right investor. This building houses 2 retail spaces on the main level and 2 former apartment spaces in the upper level that could be renovated back to income producing rental units as 1 bed 1 bath and 2 bed 1 bath units. There is currently a business leasing the retail space in 811 (right half of the building when looking from the street) through February 2023 and owner's former Antiques business is occupying retail space 813. The building retains its historic charm, but is not part of a historic registry. The upper apartments will take some significant work to restore them, but both units rented have the potential to bring an estimated additional of $14,000-$16,000 of income annually. There is street parking and 40 feet of street frontage with 2 separate entrances, as well as 4 spaces behind the building off the alley. The upper flat roof rubber was replaced roughly 15 years ago and is annually checked and maintained, the lower flat roof rubber was replaced 4 years ago, also annually maintained. There is 1 natural gas boiler (unsure of age) and 1 electric water heater replaced in 2020. 4 electrical meters are assigned to building. Most of the electrical has been updated to romex wiring and there is 200 amp service. Traffic counts average roughly 9000 cars per day and this block has added several thriving new businesses within the past 5 years. DIRECTIONS: From Highway 51, West on Main Street through round about onto E. 1st Street to building on the left.

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© 2022 Central Wisconsin Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Midstate Realty. Data last updated: 2022-11-27T19:31:34.173
www.exitmidstate.com/homes/133113425
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811-813 E 1ST STREET Merrill, WI 54452

  • Price: $75,000
  • Status: Active Under Contract
  • On Site: 72 Days
  • Updated: 47 min ago
  • MLS #: 22204713
0
Beds
3
Baths
0
½ Baths
0.11
Acres
5,074
SQFT
$15
$/SQFT
1900
Built
Neighborhood:
Merrill
County:
Lincoln
Area:
Merrill
Property Description
This solidly built red brick building presents a unique opportunity for the right investor. This building houses 2 retail spaces on the main level and 2 former apartment spaces in the upper level that could be renovated back to income producing rental units as 1 bed 1 bath and 2 bed 1 bath units. There is currently a business leasing the retail space in 811 (right half of the building when looking from the street) through February 2023 and owner's former Antiques business is occupying retail space 813. The building retains its historic charm, but is not part of a historic registry. The upper apartments will take some significant work to restore them, but both units rented have the potential to bring an estimated additional of $14,000-$16,000 of income annually. There is street parking and 40 feet of street frontage with 2 separate entrances, as well as 4 spaces behind the building off the alley. The upper flat roof rubber was replaced roughly 15 years ago and is annually checked and maintained, the lower flat roof rubber was replaced 4 years ago, also annually maintained. There is 1 natural gas boiler (unsure of age) and 1 electric water heater replaced in 2020. 4 electrical meters are assigned to building. Most of the electrical has been updated to romex wiring and there is 200 amp service. Traffic counts average roughly 9000 cars per day and this block has added several thriving new businesses within the past 5 years. DIRECTIONS: From Highway 51, West on Main Street through round about onto E. 1st Street to building on the left.
Exterior Features

Building Type 2 StoryDuplexHistorical Construction Brick Land Sq Ft 1-10000 Number Of Entry Doors 3 Parking CommonMunicipalStreet ParkingGravelUnpaved Roof Flat Street Frontage Yes Waterfront YN No

Interior Features

Basement FullStone Cooling None Heat Type Hot Water Sq Footage Basement 1476 Sq Footage Building 2001-5000 Sq Footage Other 1476 Sq Footage Retail 2122

Property Features

Accessibility Features Partial Wheelchair Access Electrical Communications 200 AMP Foreclosure No Fuel Type Natural Gas Lease Type Annual Licenses None Location Business District Miscellaneous Electric Hot Water HeaterUtility Separate MeterLiving Area In BuildingInside StorageDisplay WindowFire EscapeHigh Traffic LocationHigh VisibilityAlley Municipality MerrillCity Of Possible Use RetailRestaurant/BarOfficeBusinessBeauty/BarberMixed UseApartment BuildingBakeryRestaurantRestaurant/Supper ClubSpecialty/Gift ShopSupper Club/Cocktail LngeTavern/Bar Present Use Retail Property Type Real Estate For Sale Sale Includes Lease(S) Sale Or Rent For Sale Sewer And Water Municipal SewerMunicipal Water Short Sale No Sprinklers YN No Tax Amount $1693 Tax Year 2021 Tenant Pays No Expenses Zoning Commercial Zoning Description Commercial

Listing information © 2022 Mid America Regional Information Systems, Inc.
Listing provided courtesy of Lora Bladow of Re/Max Excel: 715-849-5544.


© 2022 Central Wisconsin Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Midstate Realty. Data last updated: 2022-11-27T19:31:34.173
 
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4111 Schofield Ave., Suite 10
Weston WI, 54476