For Sale
$647,000

1816 Washington St Two Rivers, WI 54241

Prime retail space, redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
128
This substantial three-story retail building, located in Two Rivers, Wisconsin's vibrant downtown business district, presents a unique redevelopment opportunity. The 33,600 square foot building, situated on a 0.41-acre lot (APN: 0000500103), is currently 50% occupied by a Christian Thrift Store. Originally constructed in 1922 as the Rivioli Theatre, it later served as Evans Department Store after a 1960 renovation. The building features a freight elevator servicing all four levels (including basement), a sprinkler system, and is zoned B-1 Business. The main floor and basement each offer 17,280 square feet of retail space, while the second and third floors provide 8,160 square feet each, previously used for storage. The asking price is $647,000 ($19.26/sq ft). This TIF-eligible property offers significant potential for investors and developers. Note that tenants' fixtures, equipment, and inventory are excluded from the sale. The building's rich history and central location make it an attractive investment.

Highlights

  • Substantial three-story, 33,600 square foot retail building in Two Rivers, WI's downtown business district.
  • TIF-eligible redevelopment opportunity with a $647,000 asking price ($19.26/sq ft).
  • Freight elevator servicing all four levels (including basement).
  • Main and basement levels offer 17,280 square feet each; second and third floors offer 8,160 square feet each.
  • Building features a sprinkler system and is zoned B-1 Business.
  • Currently 50% occupied by a Christian Thrift Store; tenant's fixtures, equipment, and inventory excluded from sale.

Property Details for 1816 Washington St

Property type
Retail properties, Retail space
Square Feet
33,600 SF
Year Built/Renovated
1922/2002
Buildings
1
Stories
3
Lot Size (sq. ft)
17,860 SF
Units
1

Location Insight

City
Two Rivers
County
Manitowoc
State
Wisconsin
Latitude
44.150502
Longitude
-87.5687442
1816 Washington St, Two Rivers, Wisconsin

FAQs

What type of property is this?
Retail property - Prime retail space, redevelopment opportunity.
Where is the retail property located?
The property is located at 1816 Washington St Two Rivers, WI.
What is the asking price?
The asking price for this property is $647,000.
What are key features of this property?
This property features: Substantial three-story, 33,600 square foot retail building in Two Rivers, WI's downtown business district.; TIF-eligible redevelopment opportunity with a $647,000 asking price ($19.26/sq ft).; Freight elevator servicing all four levels (including basement).
How can I contact the broker?
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1816 Washington St
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