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Retail Property - Multi Use Potential 1816 Washington St

50,880 SF Retail Building Two Rivers, WI 54241 £499,038 (£9.81/SF)

INVESTMENT HIGHLIGHTS

  • Heavy Daytime Foot Traffic
  • 3 levels plus basement all sprinklered
  • High Visibility High Traffic location
  • Heavy Daytime Traffic as Washington St is State Highway 42
  • TIF Eligible for re-development per City of Two Rivers

EXECUTIVE SUMMARY

Substantial Retail Building located in the heart of the downtown business district in the City of Two Rivers. Would make a great re-development project and is TIF eligible. Property is serviced by an freight elevator that reaches all 4 levels of the building. Main Floor and Basement levels provide 17,280 sq ft each and were used for retail purposes and the 2nd & 3rd floors provide 8,160 sq ft each used for storage. Building has a sprinkler system in place. This property as originally built as the Rivioli Theatre and operated as a Vaudville & Movie Theatre from 1920's to the 1950's. The Seller purchased the property in 1960 renovated it and in 1961 opened for business as Evans Dept Store. Currently tenant of the property is Christian Thrift Store. Great Development potential!

ATTACHMENTS

CoStar LoopNet Memorandum Flyer 1816 Washington St Two Rivers WI 54241
Chapter 10-1 Zoning Code City of Two Rivers

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
Portfolio Sale
Property Type
Retail
Property Subtype
Department Store
Building Size
50,880 SF
Building Class
C
Year Built/Renovated
1922/1985
Price
£499,038
Price Per SF
£9.81
Tenancy
Single
Number of Floors
4
Loading Docks
1 Exterior
Building FAR
2.85
Lot Size
0.41 AC
Zoning
B-1 - B-1 Zoning (See attached doc outlining B-1 zoning)
Parking
10 Spaces (0.2 Spaces per 1,000 SF Leased)
Frontage
187 ft on Washington

AMENITIES

  • 24 Hour Access
  • Bus Route
  • Security System
  • Storage Space
  • Recessed Lighting
  • Air Conditioning
  • Fiber Optic Internet

LINKS

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Walk Score®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Piggly Wiggly
U.S. Bank
Pick 'n Save
Jazzercise

PROPERTY TAXES

Parcel Number 053-000-050-010.03 Improvements Assessment £197,764
Land Assessment £42,114 Total Assessment £239,877

PROPERTY TAXES

Parcel Number
053-000-050-010.03
Land Assessment
£42,114
Improvements Assessment
£197,764
Total Assessment
£239,877
(920) 905-0550

CONTACT

  • Listing ID: 31666625

  • Date on Market: 01/05/2024

  • Last Updated:

  • Address: 1816 Washington St, Two Rivers, WI 54241

The Retail Property at 1816 Washington St, Two Rivers, WI 54241 is currently available for sale. Contact Choice Commercial Real Estate, LLC for more information.

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VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
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1816 Washington St, Two Rivers, WI for sale Building Photo- Image 1 of 14
Aerial Front View off Washington St
1816 Washington St, Two Rivers, WI for sale Building Photo- Image 2 of 14
Aerial View corner Washington & 19th Sts
1816 Washington St, Two Rivers, WI for sale Building Photo- Image 3 of 14
Aerial View of north and west side of the building
1816 Washington St, Two Rivers, WI for sale Building Photo- Image 4 of 14
Aerial View looking toward Lake Michigan
1816 Washington St, Two Rivers, WI for sale Building Photo- Image 5 of 14
Aerial View looking down Washington St
1816 Washington St, Two Rivers, WI for sale Interior Photo- Image 6 of 14
Main Level Retail Sales Floor
1816 Washington St, Two Rivers, WI for sale Interior Photo- Image 7 of 14
Upper Level Floor
1816 Washington St, Two Rivers, WI for sale Interior Photo- Image 8 of 14
Main Level Retail Area
1816 Washington St, Two Rivers, WI for sale Interior Photo- Image 9 of 14
Stairway from Lower level to main retail level
1816 Washington St, Two Rivers, WI for sale Interior Photo- Image 10 of 14
Sprinkler System on all levels
1816 Washington St, Two Rivers, WI for sale Interior Photo- Image 11 of 14
Sprinkler System on all levels
1816 Washington St, Two Rivers, WI for sale Interior Photo- Image 12 of 14
Sprinkler system on all levels
1816 Washington St, Two Rivers, WI for sale Building Photo- Image 13 of 14
Main Front View of the building

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Retail Property - Multi Use Potential | 1816 Washington St
(920) 905-0550 x

Retail Property - Multi Use Potential | 1816 Washington St

George Krause

(920) 905-0550

(920) 905-0550

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