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5083 N Highway 51, Mercer, WI, 54547

0beds
2baths
1,238sqft
$128,000
$103price/sqft
$996/moest. monthly cost
$39,840/yrincome needed

About This Home

This "fixer-upper" is located on the edge of town with great highway exposure. The property includes .27 acre of land that is a triangle shape. The building has 1,238 sq. ft. (formerly was a café and then a gun shop). It includes a large open room, area by front doors, hallway to the 2-half baths, old kitchen grill area and a back room that has an existing walk-in cooler & the utilities. The surveyed lot has 127 feet of highway frontage. Serviced by city sewer & water and natural gas. Included is the walk-in cooler w/compressor, newer gas wall heater and a mini split with A/C & heat. A perfect place to remodel and start a new business or convert to what you need. The possibilities are endless! A great investment property. The main snowmobile/ATV trail is located across the road for additional year-round visibility! There is no shortage of traffic passing-by this property. Join the number of growing businesses here in town. Being Sold "AS IS".

Getting Around

21
WalkingCar-Dependent
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

6/10
Mercer SchoolGrades PK-120.7 mi

Construction

Materials

  • Roof: Asphalt,Flat
  • Construction materials: Frame,T-11 Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bathrooms: 2
  • 1/2 bathrooms: 2

Features

  • Finished area above ground: 1,238

Heating

  • Heating features: Electric,Natural Gas,Other

Interior Area

  • Total structure area: 1,238
  • Total interior livable area: 1,238 sqft

Property

Details

  • Parcel number: 01229490000
  • Lease amount: 0

Features

  • Exterior features: Utilities
  • Has view: Yes
  • View description: Street
  • Frontage length: 0

Lot

  • Lot size: 0.27 Acres

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Lightning
    LightningVery High
  • Winter Weather
    Winter WeatherVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Lightning
Winter Weather
Inland Flooding
Hail
Strong Wind
Tsunami

FEMA Declared Disasters Across Wisconsin Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $647$7,764
Home Insurance *$74$888
Property Taxes $104$1,248
Electricity $171$2,054
Total$996$11,952
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$34,148/yr
40% on housing$29,880/yr
45% on housing$26,560/yr

Wisconsin FAIR Plan Programs

Wisconsin Insurance Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 5,246Commercial: 198
Total Premiums$4.55M
Total Exposure$860.28M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.4%
11.4%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: -3.5%
-3.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$103This listing

vs Other Active Listings

Avg $/sqft

ZIP 54547$396
Iron County$365

vs Homes Sold Last Month

Median $/sqft

ZIP 54547
Iron County$130

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-25Price change$128,000
2026-05-22Listed for sale$145,000

For Sale by Agent

AgentDeanna Lameka
BrokerageNorthern Exposure Realty

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