2214 11Th StTwo Rivers, WI 54241

For Sale
$599,000

Investment Opportunity: 3 Buildings, 4 Parcels

Overview

Added:
Dec 11, 2024
Days on market:
93
This unique investment opportunity in Two Rivers, Wisconsin, presents a three-building complex totaling 10,978 square feet on four parcels. The property includes the renovated St. Marks Church and Rectory, both currently leased, and a vacant convent ready for immediate rental. The convent features 15 furnished bedrooms, each with a bed, mini-fridge, microwave, TV, and sink, plus a full kitchen and living room. The complex is situated at 2214 11th St, Two Rivers, WI 54241, and includes additional land encompassing a vacant lot and parking area. The asking price is $599,000, representing a price per square foot of $54.56. The property is zoned PUD and currently has 33% occupancy. Individual building sizes are: 2214 11th St (2829 sq ft), 2216 11th St (4326 sq ft), and 1110 Victory St (3823 sq ft). This turnkey investment offers significant potential for rental income and future growth. The property's rich history and versatile layout make it an attractive proposition for discerning investors seeking a unique and established asset in a desirable location. Tax parcel numbers include 05331100302000, 05331100301909, 05331100302101, and 053-311-003-021.01.

Highlights

  • $599,000 asking price for a mixed-use, special purpose property.
  • 10,978 square feet total, with a price per square foot of $54.56.
  • 33% occupancy rate.
  • Located at 2214 11th St, Two Rivers, WI 54241, zoned PUD.
  • Includes three buildings: a church, rectory, and convent, totaling four parcels.
  • Church and rectory are currently leased; convent is vacant but furnished and ready for rental with 15 bedrooms.

Location Insight

City
Two Rivers
County
Manitowoc
State
Wisconsin
Latitude
44.143369101687
Longitude
-87.579164867495
2214 11Th St, Two Rivers, Wisconsin

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2214 11Th St
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