1816 Washington St Two Rivers, WI 54241
For Sale
1 / 18
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.
-
Two Rivers Christian Center Thrift Store Discount Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B1 · Two Rivers, WITwo Rivers. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.