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$199,900   Price Analysis
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1319 E Main St
Merrill, WI 54452
4 bed 3 bath 2,880 SqFt ($69/SqFt)
0.28 acre lot. Built 1900
Listed 2024-04-04
USDA Eligible
near Merrill, WI
 Restrictions may apply
due to home size

Investment opportunity in Merrill featuring 2

880 total sq ft with 3 separate units - #1 commercial unit on the main level (approx. 1, 040 sq ft) - exceptional visibility / store frontage with picture windows, open-concept layout with large front room and back room, in-unit bathroom and storage closet. Previously was a tattoo shop, but offers versatile rental uses for multiple businesses with an open layout.

#2 - 1-bedroom unit with full kitchen and bath (approx. 400 sq ft). #3 - large 3-bedroom unit (approx. 1, 440 sq ft) with a roomy layout, tall ceiling height in the living areas and in-unit laundry hookups. Ample parking along the side of the building for tenants and along the back (accessible from the alley), along with street parking for the commercial space. Great income opportunity with a mix of commercial / residential rental units. Call to schedule your showing tody!


Presented by Austin Solomon at
Coldwell Banker Action.
Listing Agent Photo

Property MLS #22401147 from CentralWI

Bedrooms: 4

Refrigerator
Range
Laundry Facilities: Hook-up in Some

Basement Features: Unfinished
Basement Description: Yes

Full Bathrooms: 3

Heating Features: Forced Air
Heating Fuel: Electric, Natural Gas

Lot Size Acres: 0.2754821
Lot Size Square Feet: 12000

Parking Features: Gravel, Off Street

Number of Units: 3
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 3
Total Rooms in Unit-3: 2
Unit-1 Square Feet: 1440
Unit-2 Square Feet: 400
Unit-3 Square Feet: 1040
Unit 1 Total Actual Rent: 875
Unit 2 Total Actual Rent: 605
Unit 3 Total Actual Rent: 607

Annual Tax Amount: 2893
Source Listing Status: Active
County: Lincoln County
Current Use: Rental
Directions: S Center Ave to E Main St
Tax Year: 2023
Source Property Type: Multi-Family
Area: Merrill
Source Neighborhood: Merrill
Zoning: Commercial, Multi-Family
Property Subtype: Triplex
Source System Name: C2C

Listed 2024-04-04
$199,900
CentralWI
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Electric: Separate Meter
Gas: Master Meter
Pb Sewer/Pb Water
Water Source: Meter (s)

Year Built: 1900
Above Grade Finished Area: 2880
Below Grade Unfinished Area: 1440
Building Exterior Type: Brick
Construction Materials: Brick
Property Age: 124
Levels or Stories: 2 Story
House Style: 2 Story

Merrill High School is a public high school located approximately 0.9 miles away.
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St John Lutheran School is a private elementary and middle school located approximately 0.3 miles away.
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Washington Elementary School is a public elementary school located approximately 0.5 miles away.
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Bridges Virtual Academy is a public elementary, middle and high school located approximately 0.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.