811-813 E 1ST STREET Merrill, WI 54452

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.