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$365,000 Just Listed
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Property Description
A TURN-KEY BUSINESS OPPORTUNITY.Here's your opportunity to own a well-established karaoke bar with numerous updates and plenty of potential for the next owner. The updated open bar area and comfortable seating provide a welcoming, ready-to-use space, while the layout offers flexibility to take the business in the direction you envision. Continue the successful karaoke concept, introduce live music, create a martini lounge, sports bar, entertainment venue, or bring your own unique concept to life. With its established presence and versatile space, this property offers an exciting opportunity for an entrepreneur looking to become part of Two Rivers' growing entertainment and hospitality scene. Schedule your private showing today and discover where this opportunity can take you!
Full Property Details
Full Property Details for 1200 Madison St
General
- Price: $365,000
- Taxes: $2,648 (2025)
- Status: Active
- Type: Retail
- Source: MetroMLS_Milwaukee_Wirex
- MLS ID: 1982949
- Updated: 10/1/2026
- Added to Site: 5 day(s) ago
Additional Information
- Other Features: Fixtures, Handicap Access, Restrooms
Parking
- Total Spaces: 10
Location
- Municipality: City
- County: Manitowoc
- Driving Directions: Memorial Drive to Madison St.
- Dist. to Freeway: 3 to 5 Miles
- Location Details: Corner, Near Public Transit
Heating & Cooling
- Heating/Cooling: Hot Water/Steam, Natural Gas, Wall Air Conditioning
Utilities
- Water/Sewer: Municipal Sewer, Municipal Water
Structural Information
- Structure Type: Other, Retail
- Exterior Const.: Wood
- Basement Desc.: Full
- Roof: Composition
- Ceiling Height: 8 to 10 Feet
- Drive-In Clearance: No Truck Door
- Stories Description: 1
- Square Feet: 3,749
- Year Built: 1894
Lot Features
- Lot Size (Acres): 0.2
- Frontage: High Visibility, Near Public Transit, Paved Road, Town/City Road
- Zoning: Commercial
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $2,648
- Tax Year: 2025
Listed by Coldwell Banker Real Estate Group~Manitowoc
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Schools
Schools serving 1200 Madison St
School District:Two Rivers School District
| Name | Grades | Distance |
|---|---|---|
Koenig Elementary School 1114 Lowell Street, Two Rivers, WI 54241 | PK-4 | 0.5 mi |
Clarke Middle School 4608 Bellevue Place, Two Rivers, WI 54241 | 5-8 | 2.3 mi |
Two Rivers High School 4519 Lincoln Avenue, Two Rivers, WI 54241 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1200 Madison St
Date
Details
Price
Change
Source
10/01/2026
Listed
$365,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1200 Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,589
5%
$152,500
—
2024
$2,461
-34%
$152,500
10%
2023
$3,711
7%
$138,600
—
2022
$3,481
—
$138,600
—
2021
$3,470
4%
$138,600
—
2019
$3,333
—
$138,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1200 Madison St
1200 Madison St, Two Rivers, WI 54241 (MLS# 1982949) is a Retail property. 1200 Madison St is currently listed for $365,000 and was received on October 01, 2026. Want to learn more about 1200 Madison St? Do you have questions about finding other Retail real estate for sale in Two Rivers? You can browse all Two Rivers real estate or contact a Coldwell Banker agent to request more information.

