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    1315 Forrest Ave Antigo, WI 54409

    View on Map
    Sponsored
    For Sale
    $319,000

    COMMERCIAL - Antigo, WI

    Lot size:
    1.76 Acres
    Days on Market:
    143
    Last Refresh:
    Mar 13 at 8:06 am

    Property Features for 1315 Forrest Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 1
    Bedrooms
    2
    APN
    201-2987.001
    Parking features
    Driveway
    Exterior features
    HandicapAccessible, Landscaping
    Accessibility
    Accessible Approach with Ramp
    Lot size
    1.76 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1930
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Frame, WoodSiding
    Roof type
    Shingle, Composition, Metal

    We can help!

    Listing Contact
    TONI SCHNEIDER
    TONI SCHNEIDER

    Integrity Realtors, LLC (715) 627-4181

    Listing agent TONI SCHNEIDER (715) 627-4181 License #52106 - 90

    Listing date Oct 22, 2025

    MLS# 211126 Listing URL

    Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Antigo Supper Club Opportunity

    This commercial property in Antigo, Wisconsin, presents an opportunity to own the only supper club in the city. The turnkey business features a large bar area, a front dining room with seating for approximately 50, and a back dining room that seats 20, both of which can be closed off for private gatherings. The main dining room accommodates approximately 135 patrons. A new patio area provides outdoor dining options. The property includes a waitress station, wheelchair-accessible entry and bathrooms, and a fully equipped kitchen. Living quarters are located above the restaurant. Several updates have been made in recent years, including a well freezer compressor and air conditioner in 2018, a new forced air furnace in 2019, a new pressure tank and front roof (shingles) in 2021, blown insulation in 2022, a metal roof on the rear section of the building and a new Ansul system in 2023, and all new bar stools in 2024. The property is situated on a 1.758-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Swartzendruber Supper Club Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Accounting Firm Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Antigo
    County
    Langlade
    State
    Wisconsin
    Longitude
    -89.16577935
    Latitude
    45.12480693

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    FAQs

    What type of property is this?
    Restaurant - Turnkey supper club with living quarters in Antigo, Wisconsin.
    Where is this restaurant located?
    The property is located at 1315 Forrest Ave Antigo, WI.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: - Turnkey supper club business opportunity - the only one in the city.; - Updated major systems: well, freezer compressor, A/C, furnace, pressure tank, front roof, blown insulation, metal roof, Ansul system, and bar stools.; - Multiple dining areas: front (seats 50), back (seats 20), and main (seats 135), plus a new patio for outdoor dining.
    (715) 627-4181
    Request Owner's contact information
    1315 Forrest Ave Antigo, WI 54409
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    Antigo, WI 54409
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1315 Forrest Ave Antigo, WI 54409
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    We can help!
    Listing Contact
    TONI SCHNEIDER
    TONI SCHNEIDER
    Real Estate License ID: 52106 - 90
    (715) 627-4181 (715) 216-3915 (715) 849-1690
    Learn more
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