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    Property profile & analytics

    1623 Washington St Two Rivers, WI 54241-3021

    • Retail properties
    • 37,792 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    $630,000
    Location Intelligence
    Property ID
    US92-3010844
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • UPS Authorized Shipping Provider / Shipping And Mailing Service / Mailing Service
    • Red Bank Coffeehouse / Coffee Shop
    • Schroeder's Department Store / Department Store
    • The Read Apple Toy Shoppe / Game Store / Gift Shop
    • Intertwined / Yarn Store

    Property Details for 1623 Washington St

    Year built
    1900
    Lot size
    0.48 lot acres
    Property size
    37,792 SF
    Zone code
    B1
    Property type
    Retail properties
    APN
    53-000-066-041.02
    APU
    5300006604102

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $640,000

    • CAP approach

      CAP return
      Estimation
      6%
      $635,000
      6.5%
      $665,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $685,000
      Geo Method
      $650,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $635,000
      Retail
      $655,000
      Mixed-Use
      $755,000
      Hospitality
      $700,000
      Educational
      $605,000
      Residential Income
      $745,000
      Energy
      $665,000
      Income-Based Land
      $780,000
      Food Service
      $575,000

    Location Insight

    • Map
    • Local Demand
    City
    Two Rivers
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.5678
    Latitude
    44.1484
    CBSA code
    31820
    CBSA name
    MANITOWOC, WI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,681
    $58,100
    $239,800
    $297,900
    -
    $0.00
    $0.00
    $472,700

    Comparable in this City

    • Value Estimation
      $590,000
      50,880 SF

      1816 Washington St

      DEPARTMENT STORE • 50,880 SF
      1816 Washington St, Two Rivers, WI 54241-2642
      View Details
    • Value Estimation
      $340,000
      6,796 SF

      1706 11th St

      NURSERY, GREENHOUSE, FLORIST • 6,796 SF
      1706 11th St, Two Rivers, WI 54241-3503
      View Details
    • Value Estimation
      $80,000
      4,760 SF

      1810 Washington St

      DEPARTMENT STORE • 4,760 SF
      1810 Washington St, Two Rivers, WI 54241-2642
      View Details
    • Value Estimation by Request
      13,638 SF

      1516 Washington Blvd

      Office Properties & Spaces • 13,638 SF
      1516 Washington Blvd, Two Rivers, WI 54241
      View Details
    • Value Estimation
      $335,000
      16,872 SF

      3000 Frst Ave

      NURSERY, GREENHOUSE, FLORIST • 16,872 SF
      3000 Frst Ave, Two Rivers, WI 54241-1927
      View Details
    • Value Estimation
      $115,000
      7,444 SF

      1415 16th St

      BAR, TAVERN • 7,444 SF
      1415 16th St, Two Rivers, WI 54241-3030
      View Details

    Similar Nearby for Sale

    • $647,000
      33,600 SF

      Downtown Two Rivers Retail Building

      Prime retail space, redevelopment opportunity.
      1816 Washington St, Two Rivers, WI 54241
      View Details
    • $599,900
      50,800 SF

      Downtown Two Rivers Redevelopment Opportunity

      Redevelopment potential in downtown Two Rivers, TIF eligible.
      1816 Washington St, Two Rivers, WI 54241
      View Details
    • $579,900
      69.29 Acres

      67 Acres Two Rivers Development Land

      Rare Wisconsin residential land, buildable parcels.
      & STH 42 Parcels #1 Thru #6 Sandy Bay Rd, Two Rivers, WI 54241
      View Details
    • $245,000
      0.11 Acres

      Two Rivers Apartment Building For Sale

      Four-unit apartment building near Lake Michigan and Neshotah Park.
      1610 Jackson St, Two Rivers, WI 54241
      View Details
    • $369,900

      Two-Bedroom Condo with Farmhouse Finishes

      Cozy condo with updated interiors, close to nature and amenities.
      2723 River Ln, Two Rivers, WI 54241
      View Details
    • $5,000,000
      318,783 SF

      Two Rivers Industrial Center

      Wisconsin Industrial Property: $5M
      606 Parkway Blvd, Two Rivers, WI 54241
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,053 SF

      Prime Two Rivers Retail Space

      High-visibility retail space, ample parking.
      1803 Washington St, Two Rivers, WI 54241
      View Details
    • $3 SF/Yr
      318,783 SF

      Two Rivers Industrial Center Investment

      Wisconsin Manufacturing & Distribution Center
      606 Parkway Blvd, Two Rivers, WI 54241
      View Details
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    Two Rivers, WI 54241-3021
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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
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