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1522 Monroe St
Two Rivers, WI 54241
Retail Property For Sale
Investment Highlights
- Excellent opportunity for investors, entrepreneurs, or owner-occupants.
- Excellent visibility.
- Located on corner lot.
- Located near shopping, restaurants, parks, & Lake Michigan beaches.
Executive Summary
Income-producing commercial property in the heart of Two Rivers offering an excellent opportunity for investors, entrepreneurs, or owner-occupants. Located on a corner lotalong the West Twin River with scenic river views, this property features retail/commercial space with excellent visibility, office space, and ample parking. The upper level includes a 2BR/1BA and a 1BR/1BA apartment, both with in-unit laundry and month-to-month leases. Recent updates include electrical, plumbing, and gas lines, plus renovations to the 1BR unit.Generating an attractive 8% cap rate with strong cash-flow potential. Conveniently located near shopping, restaurants, marinas, parks, and Lake Michigan beaches. Commercial space rents for $1,000/month with a 1-year lease in place. Residential units include Unit A (2BR) at $650/month and Unit B (1BR) at $785/month.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,294 SF
Building Class
C
Year Built
1930
Price
$425,289 CAD
Price Per SF
$129.11 CAD
Cap Rate
8%
NOI
$34,023 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.11
Lot Size
0.68 AC
Zoning
Commercial - Commercial
Parking
10 Spaces (3.04 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $280,691 CAD | |
| Land Assessment | $109,460 CAD | Total Assessment | $390,150 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$109,460 CAD
Improvements Assessment
$280,691 CAD
Total Assessment
$390,150 CAD
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