$599,900
$47K PRICE DROP

1816 Washington St Two Rivers, WI 54241

Estimated payment $3,893/month

Total Views 20,349
-- Bed
-- Bath
50,800 Sq Ft
$12 Price per Sq Ft

Highlights

  • 0.41 Acre Lot
  • Storage
  • 2-minute walk to Community House Pavillion
  • Display Windows
  • Central Air

About This Home

Wonderful Re-Development Potential Retail Building located in the heart of the downtown business district in the City of Two Rivers a Lake Michigan Community. Would make a great re-development project and is TIF eligible. Property is serviced by a freight elevator that reaches all 4 floors 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 was originally built as the Rivioli Theatre and operated as a Vaudville & Movie Theatre from 1920's to the 1950's.

Listing Agent

George Krause Jr.

Park Regency Real Estate LLC License #51721-90 Listed on: 04/29/2024

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,502

Lot Details

  • 0.41 Acre Lot
  • Property fronts a state road
  • Sprinkler System

Parking

  • 8 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 50,800 Sq Ft Home
  • Display Windows
  • Storage

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

  • Central Air
  • 220 Volts

Community Details

  • Service Elevator

Listing and Financial Details

  • Exclusions: Tenants fixtures, equipment & inventory.
  • Assessor Parcel Number 0000500103

Property Details

Property Type

Other

Est. Annual Taxes

$8,502

Lot Details

0

Listing Details

  • Property Sub Type: Commercial/Industrial
  • Prop. Type: Comm/Industrial
  • Lot Size Acres: 0.41
  • Road Frontage Type: Town/City Road, State Road, High Visibility, Paved Road, Near Public Transit
  • Inclusions: None
  • Directions: Located on Washington St in downtown Two Rivers between 19th & 18th Sts. which is also State Highway 42.
  • Property Information:Est Total Sq Ft: 50800
  • Special Features: None

Interior Features

  • Has Basement: Full, Block

Exterior Features

  • Exclusions: Tenants fixtures, equipment & inventory.
  • Construction Type: Brick, Wood, Other
  • Roof: Rubber

Garage/Parking

  • Total Parking Spaces: 8

Utilities

  • Green Building Features: Sprinkler System, Freight Elevator, Display Window, Rest Rooms, 220 Volt Power, Inside Storage
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Sewer: Municipal Sewer

Lot Info

  • Lot Size Sq Ft: 17859.6
  • Parcel #: 0000500103

Tax Info

  • Tax Annual Amount: 8502
  • Tax Year: 2023

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,641 $311,000 $54,600 $256,400
2023 $9,024 $311,000 $54,600 $256,400
2022 $8,502 $311,000 $54,600 $256,400
2021 $8,307 $311,000 $54,600 $256,400
2020 $7,996 $311,000 $54,600 $256,400
2019 $8,254 $311,000 $54,600 $256,400
2018 $8,156 $311,000 $54,600 $256,400
2017 $8,167 $311,000 $54,600 $256,400
2016 $8,227 $311,000 $54,600 $256,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2025 04/24/25 Price Changed $599,900 -7.3% $12 / Sq Ft
04/29/2024 04/29/24 For Sale $647,000 -- $13 / Sq Ft
Source: Metro MLS

About the Listing Agent

George Krause Jr.

Park Regency Real Estate LLC

(920) 516-1376

Section Image

George Krause has been a real estate broker since 1996. Choosing to work with George Krause and Park Regency Homes means partnering with a team of real estate experts who bring unparalleled knowledge and experience to the table. With a decades-long background rooted in development and management of residential, commercial and industrial real estate, our firm has a deep understanding of the market from every angle. Whether you’re buying, selling, or investing, we have the expertise to guide you

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Source: Metro MLS

MLS Number: 1873145

Metro MLS

APN: 053-000-050-010.03