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    1816 Washington St Two Rivers, WI 54241

    For Sale
    $599,900

    Retail,Special Purpose,Warehouse - Two Rivers, WI

    Property size:
    50,800 SF
    Lot size:
    0.41 Acres
    Days on Market:
    117
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 1816 Washington St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-1
    APN
    0000500103
    Interior features
    Display Window, Freight Elevator, Inside Storage, Rest Rooms, Sprinkler System
    Exterior features
    220 Volt Power
    Accessibility
    Accessible Elevator Installed
    Size
    50,800 SF
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1922
    Floors in Building
    3
    Building materials
    Brick, Other
    Roof type
    Rubber
    Architectural style
    Other

    Choice Commercial Real Estate LLC (920) 682-0307 [email protected]

    Listing agent George Krause Jr (920) 682-0307 License #51721-90

    Listing date Aug 11, 2025

    MLS# 1873145 Listing URL

    Copyright © 2025 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Two Rivers Redevelopment Opportunity

    Located in the heart of the downtown business district of Two Rivers, a Lake Michigan community, this retail building offers redevelopment potential and is TIF eligible. Originally built as the Rivioli Theatre, the property operated as a Vaudeville and Movie Theatre from the 1920s to the 1950s. The building is serviced by a freight elevator that accesses all four floors and has a sprinkler system in place. The main floor and basement levels each provide 17,280 square feet and were previously used for retail purposes. The second and third floors each offer 8,160 square feet and were used for storage. The total property size is 50,800 square feet, situated on a 0.41-acre lot. The property is zoned B-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Two Rivers Christian ... Thrift Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Two Rivers
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.568706
    Latitude
    44.150391

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      1816 Washington St, Two Rivers, WI 54241
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    FAQs

    What type of property is this?
    Retail space - Redevelopment potential in downtown Two Rivers, TIF eligible.
    Where is this retail space located?
    The property is located at 1816 Washington St Two Rivers, WI.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Prime downtown location in a Lake Michigan community with re-development potential.; - TIF eligibility for potential financial incentives.; - Large retail space with **17,280 sq ft** on both the Main Floor and Basement.
    (920) 682-0307
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1816 Washington St Two Rivers, WI 54241
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