Warehouse Property with
For Sale
$326,900
17294 S THIELKE Road, Lakewood, WI 54138
Commercial Sale, LAKEWOOD, WI
Property Size5,127 SF
Lot Size2.98 Acres
Price / SF$63.76
Days on Market57
Property Features for 17294 S THIELKE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Residential
Elementary school district
Wabeno Area
Middle school district
Wabeno Area
High school district
Wabeno Area
Directions
On Google Maps search for 17294 N Thielke, as S Thiielke won't come up. From County Hwy 32, take County Rd F, Right on S Thielke to property on left
Standard status
Active
APN
019443400211A1
Lot size
2.98 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1827
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1975
Number of units
1
Building materials
Aluminum Siding, Metal Siding, Steel Frame, Shake Siding
Listing Agency:
Keller Williams Green Bay · Keller Williams Realty
(920) 632-7702
Listed By:
Renetta M. Detaege · License #94-82798
(920) 621-9731
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 8 at 5:06AM
MLS# 50330949
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse-class property includes a 5,127-square-foot outbuilding with steel-frame construction and aluminum, metal, and shake siding. Forced-air heating and central air conditioning serve the improvements. A separate two-bedroom cabin provides additional residential accommodation on the site.
The property encompasses 2.98 acres near Lakewood in Oconto County, Wisconsin, with well water serving the premises. Built in 1975, the property is zoned Residential. A permit and town approval for conditional business use are required. Trail access is also identified as a property feature.
The property encompasses 2.98 acres near Lakewood in Oconto County, Wisconsin, with well water serving the premises. Built in 1975, the property is zoned Residential. A permit and town approval for conditional business use are required. Trail access is also identified as a property feature.
Key Highlights
- 5,127‑square‑foot outbuilding
- 2.98‑acre property near Lakewood
- Separate two‑bedroom cabin
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,882
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,640
$497.6K
Cap Rate 7%
$355,457
$355.5K
Cap Rate 9%
$276,467
$276.5K
Market Conditions
NOI Build-Up for 5,127 SF
Gross rent
$30.1K $5.88/SF
− Vacancy
−$874 −$0.17/SF
EGI
$29.3K $5.71/SF
− OpEx
−$4.4K −$0.86/SF
NOI
$24.9K $4.85/SF
Area
Oconto County, WI
Vacancy
2.90%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,640
Cap Rate 7%
$355,457
Cap Rate 9%
$276,467
Alternative Uses
Best Use
Flex RnD
$658.1K
$575.9K – $767.8K
NOI $46,069 @ 7.0% cap · market cap 14.09%
Second Best
Warehouse
$355.5K
$311.0K – $414.7K
NOI $24,882 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$1.20M
$1.05M – $1.39M
NOI $83,673 @ 7.0% cap · market cap 25.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54138, WI
831
Population
1,287
Households
0.6
Avg Household Size
62
Median Age
22%
College-Educated
94%
High-School Grad
72.1 sq mi
ZIP Area
12
Density / Sq Mi
$64,924
Median Household Income
$40,521
Median Earnings
$206,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Includes a substantial outbuilding, a two-bedroom cabin, well water, and central air conditioning.
Where is this warehouse located?
The property is located at 17294 S THIELKE Road Lakewood, WI.
What is the asking price?
The asking price for this property is $326,900.
What are key features of this property?
This property features: 5,127‑square‑foot outbuilding; 2.98‑acre property near Lakewood; Separate two‑bedroom cabin
