Office Building with
2009 Washington Street Two Rivers, WI 54241
2009 Washington Street, Two Rivers, WI, 54241
$229,900
For Sale
$229,900
Commercial building with office-ready rooms and a rented upstairs apartment, plus six parking spaces.
Property Size2,041 SF
Price / SF$112.64
Days on Market55
Property Features for 2009 Washington Street
General Information
- Standard status
- Active
- Size
- 2,041 SF
Listing agency
Weichert, Realtors CornerStone
(920) 242-1689
Listed by
Mark Gordon · License #8660494
(920) 242-1689
Source
Exprealty
Added: May 28 Updated: Jul 21 at 2:49PM Checked: Jul 21 at 2:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert, Realtors CornerStone
Investment Insights
Based on property information with market context.
This commercial building offers 2 full bathrooms and a flexible main level with seven versatile rooms that can support office use or be converted to living quarters. The upstairs includes a 1-bedroom apartment with 1 full bath that is currently rented month-to-month. The property is supported by two water heaters and separate utilities, including two electric meters and two gas meters. Equipment updates include a roof replacement in 2012 and a furnace replacement in 2010.
The building is located in the Two Rivers BID district at an estimated 6,760 daily traffic count (2025), supporting strong day-to-day visibility. The property includes six parking spots for occupants and visitors.
The building is located in the Two Rivers BID district at an estimated 6,760 daily traffic count (2025), supporting strong day-to-day visibility. The property includes six parking spots for occupants and visitors.
Key Highlights
- 2041 sq ft commercial building in the Two Rivers BID district, formerly Brigham Real Estate Office
- Upstairs 1‑bedroom apartment is currently rented month‑to‑month with 1 full bath
- Main level has 7 versatile rooms (office space or convertible to living quarters) and 2 full bathrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.9k | $15.12 |
| − Vacancy | −$4.4k | −$2.13 |
| EGI | $26.5k | $12.99 |
| − OpEx | −$6.6k | −$3.25 |
| NOI | $19.9k | $9.74 |
2,041 SF · lease $15.12/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$284.0K
$248.5K – $331.4K
NOI $19,882 @ 7.0% cap · market cap 8.65%
Second Best
Mixed Use
$136.3K
$119.3K – $159.0K
NOI $9,542 @ 7.0% cap · market cap 4.15%
Theoretical Best
Specialty Retail
$447.3K
$391.4K – $521.8K
NOI $31,310 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Commercial building with office-ready rooms and a rented upstairs apartment, plus six parking spaces.
Where is this live-work space located?
The property is located at 2009 Washington Street Two Rivers, WI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 2041 sq ft commercial building in the Two Rivers BID district, formerly Brigham Real Estate Office; Upstairs 1‑bedroom apartment is currently rented month‑to‑month with 1 full bath; Main level has 7 versatile rooms (office space or convertible to living quarters) and 2 full bathrooms
