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- LoopNet Team
713 E 2nd St
Merrill, WI 54452
The Lofts At City Hall · Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Building Size | 14,000 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1888/1991 |
| Building Class | C | Parking Ratio | 1.35/1,000 SF |
| Lot Size | 0.43 AC | ||
| Zoning | Multi-Family | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 14,000 SF |
| Average Occupancy | 88% |
| No. Stories | 3 |
| Year Built/Renovated | 1888/1991 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- Controlled Access
ABOUT 713 E 2ND ST , MERRILL, WI 54452
MERRILL CITY HALL APARTMENTS WAS ORIGINALLY CONSTRUCTED IN 1888 FOR THE LINCOLN COUNTY GOVERNMENT OFFICES AND JAIL. OVER 100 YEARS LATER IN 1991, THE ALEXANDER COMPANY, REPURPOSED THE BUILDING INTO 16 VERY UNIQUE & SPACIOUS APARTMENTS. SOME OF THE BUILDING’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
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | $500.00 | 600 |
| 2+1 | 3 | $587.50 | 900 |
| 3+1 | 1 | $775.00 | 1,500 |
| Studios | 1 | $395.00 | 500 |
PROPERTY TAXES
| Parcel Number | 251-3106-123-0197 | Improvements Assessment | $510,400 |
| Land Assessment | $29,600 | Total Assessment | $540,000 |
PROPERTY TAXES
