Mixed-Use Property with
For Sale
$330,000
506 FOREST HOME Drive, Francis Creek, WI 54214
Includes residential rentals and a former restaurant with commercial kitchen equipment, furnishings, and dinnerware.
Property Size3,728 SF
Price / SF$88.52
Days on Market18
Property Features for 506 FOREST HOME Drive
General Information
Standard status
Active
Size
3,728 SF
Property subtype
Multi Family
Additional Details
Furnished
Yes
Gross Income
$78,000
Equipment Included
Yes
Multifamily Units
5
Building Details
Building Size
3,728 SF
Year Built
1900
Listing Agency:
Shorewest, Realtors
(920) 593-4100
Listed By:
Joseph R. Moore · License #91-936003
(920) 593-4100
Source:
C21ace
Added: Jul 16
Changed: Jul 31
Last Checked: Aug 1 at 11:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shorewest, Realtors
Investment Insights
Based on property information with market context.
This mixed-use property includes 5 apartment units with private baths and 6 individual rental rooms sharing a common bath. The residential component provides multiple rental configurations within the property. The former supper club and bowling alley includes a spacious bar, commercial kitchen equipment, furnishings, and dinnerware. Property size is 3,728 square feet, and the building was constructed in 1900.
Plumbing, HVAC, and electrical updates have been completed. Continued cosmetic improvements remain part of the property’s current condition. Located at 506 Forest Home Drive in Francis Creek, Wisconsin, the property combines residential accommodations with existing restaurant-related improvements.
Plumbing, HVAC, and electrical updates have been completed. Continued cosmetic improvements remain part of the property’s current condition. Located at 506 Forest Home Drive in Francis Creek, Wisconsin, the property combines residential accommodations with existing restaurant-related improvements.
Key Highlights
- 5 apartment units with private baths
- 6 individual rental rooms sharing a common bath
- Former supper club and bowling alley with spacious bar
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.1k | $9.96 |
| − Vacancy | −$9.2k | −$2.48 |
| EGI | $27.9k | $7.48 |
| − OpEx | −$10.5k | −$2.80 |
| NOI | $17.4k | $4.67 |
3,728 SF · lease $9.96/SF/yr · vacancy 24.90% · expense 37.50%
Alternative Uses
Best Use
Specialty Retail
$817.0K
$714.9K – $953.2K
NOI $57,189 @ 7.0% cap · market cap 17.33%
Second Best
Mixed Use
$249.0K
$217.9K – $290.5K
NOI $17,428 @ 7.0% cap · market cap 5.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 54214, WI
442
Population
300
Households
1.5
Avg Household Size
44
Median Age
11%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
884
Density / Sq Mi
$85,000
Median Household Income
$43,750
Median Earnings
$631
Median Rent
$237,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes residential rentals and a former restaurant with commercial kitchen equipment, furnishings, and dinnerware.
Where is this mixed-use property located?
The property is located at 506 FOREST HOME Drive Francis Creek, WI.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 5 apartment units with private baths; 6 individual rental rooms sharing a common bath; Former supper club and bowling alley with spacious bar
