Separately Metered Office
For Sale
Contact for pricing
3009 Forest Ave, Two Rivers, WI 54241
N, Two Rivers, WI
Property Size1,333 SF
Lot Size0.27 Acres
Price / SF$0.01
Days on Market143
Property Features for 3009 Forest Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1
Directions
In Two Rivers City limits on the northside at the intersection of Forest Ave & Tannery Rd. across from Dollar General and Shoreline Credit Union.
Standard status
Active
APN
1200012412
Size
1,333 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3832
Building Details
Year built
2004
Architectural style
Other
Listing Agency:
Park Regency Real Estate LLC
(920) 682-0307
Listed By:
George Krause Jr · License #5172190
(920) 905-0550
Added: Jun 10
Changed: Oct 1
Last Checked: Oct 30 at 5:06AM
MLS# 1966518
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,333-square-foot office space was built in 2004 and is vacant, with separate utility metering. The property carries B-1 zoning.
Building access is from Forest Avenue, and private asphalt parking serves the building. Two Rivers Family Restaurant is directly in front of the property.
Building access is from Forest Avenue, and private asphalt parking serves the building. Two Rivers Family Restaurant is directly in front of the property.
Key Highlights
- 1,333 square feet of office space
- Built in 2004 and currently vacant
- B‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,985
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,700
$259.7K
Cap Rate 7%
$185,500
$185.5K
Cap Rate 9%
$144,278
$144.3K
Market Conditions
NOI Build-Up for 1,333 SF
Gross rent
$20.2K $15.12/SF
− Vacancy
−$2.8K −$2.13/SF
EGI
$17.3K $12.99/SF
− OpEx
−$4.3K −$3.25/SF
NOI
$13.0K $9.74/SF
Area
Manitowoc County, WI
Vacancy
14.10%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,700
Cap Rate 7%
$185,500
Cap Rate 9%
$144,278
Alternative Uses
Best Use
Office B
$185.5K
$162.3K – $216.4K
NOI $12,985 @ 7.0% cap · market cap 99,884.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$292.1K
$255.6K – $340.8K
NOI $20,449 @ 7.0% cap · market cap 157,300.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 54241, WI
14,258
Population
7,013
Households
2
Avg Household Size
48
Median Age
22%
College-Educated
94%
High-School Grad
67.4 sq mi
ZIP Area
212
Density / Sq Mi
$63,415
Median Household Income
$40,659
Median Earnings
$757
Median Rent
$146,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - B-1-zoned office space includes separate utility metering and access from Forest Avenue.
Where is this office unit located?
The property is located at 3009 Forest Ave Two Rivers, WI.
What are key features of this property?
This property features: 1,333 square feet of office space; Built in 2004 and currently vacant; B‑1 zoning
