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Financial
Distress signals
Property profile

1816 Washington St Two Rivers, WI 54241

FOR SALE
Other retail properties
Property ID
US92-2411355
50,880 SF 0.41 ac lot Built 1922
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A substantial multi-level retail building configured for flexible use across four floors, served by an elevator that reaches all levels. The main floor and basement each contain approximately 17,280 square feet and were used for retail purposes. The second and third floors each contain approximately 8,160 square feet and were used for storage. The building is equipped with a fully operational sprinkler system serving all four floors. It is located in the downtown business district of the City of Two Rivers within a Lake Michigan community.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value$311k
Assessed land$55k
Assessed improvement$256k
Effective rate2.90%

Value estimate

· Oct 2026
$585k
$527k – $644k
Submarket $/SF estimate$1.92M
NOI build-up
Gross scheduled income$963k
Vacancy & credit loss−$25k
Operating expenses−$281k
NOI · 110.37% cap applied$657k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$60/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$38 – $96

Cap rate analysis

How does the asset earn?
110.37%
$657k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B1
JurisdictionMANITOWOC

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.7
Realty agency13.7
Dental Office10.7

Location

1816 Washington St Two Rivers, WI 54241
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3131 Mishicot, Two Rivers, WI 54241-1553 $4,828,300 Feb 2025 11,079 SF
3000 Frst, Two Rivers, WI 54241-1927 $335,000 Oct 2024 16,872 SF
2221 Lincoln, Two Rivers, WI 54241-2427 $299,000 Feb 2024 10,193 SF
2614 Williams, Two Rivers, WI 54241-1951 $180,000 Jun 2022 17,510 SF
2300 Frst, Two Rivers, WI 54241-1914 $575,000 Apr 2022 57,084 SF
1218 Madison, Two Rivers, WI 54241-3518 $150,000 Jul 2020 15,874 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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