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$330,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 10 days ago
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Exceptional investment opportunity featuring a landmark former supper club and bowling alley with significant income potential. The property currently generates approximately $6,500 per month in rental income, (full occupancy exceeds $8,000 per month). The residential component includes 5 apartment units with private baths plus 6 individual rental rooms sharing a common bath, offering flexible rental options. The former restaurant includes a spacious bar, commercial kitchen equipment, furnishings, and dinnerware. Plumbing, HVAC, and Electrical updates have been completed, while continued cosmetic improvements provide an opportunity to add value. Room sizes are approximate and should be verified by buyer.

Full Property Details for 506 Forest Home Dr

General

  • Price: $330,000
  • Taxes: $5,726
  • Status: Active
  • Type: Multi-Family
  • Source: Wirex_Realtors_Association_of_Northeast_Wisconsin_RANW
  • MLS ID: 50329286
  • Updated: 7/16/2026
  • Added to Site: 10 day(s) ago

Parking

  • Parking Features: Outside

Location

  • Municipality: Francis Creek
  • County: Manitowoc
  • Driving Directions: Hwy 43 to Hillcrest Road Exit, Francis Creek. East to Packer Drive. North to Forest Home Drive. Right on Forest Home Drive, property is on Left.

School Information

  • School District: Mishicot

Heating & Cooling

  • Heating Fuel: Electric, Natural Gas
  • Heating/Cooling: Forced Air, Radiant

Utilities

  • Water/Sewer: Well, Municipal Sewer

Structural Information

  • Description/Design: 2 Stories
  • Exterior Const.: Aluminum/Steel, Brick
  • Basement Desc.: Full, Walk-Out/Outer Door, Block, Poured Concrete, Stone
  • Square Feet: 3,728
  • Square Feet Range: 3501 to 5000
  • Sq. Ft. Source: Assessor/Public Record

Unit Information

  • Units in Building: 5

Unit 1

  • Square Feet: 760
  • Bedrooms: 2

Unit 2

  • Square Feet: 760
  • Bedrooms: 1

Unit 3

  • Bedrooms: 1

Unit 4

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 1.04
  • Lot Size Range: 1 to 4.99 Acres
  • Lot Size Source: Assessor/Public Record
  • Zoning: Commercial, MULTI-FAMILY(5+UNITS)
  • Lot Description: Level

Financial Considerations

  • Tax Amount: $5,726

Listed by Shorewest, Realtors

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— 506 Forest Home Dr —

  • Shorewest, Realtors

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 506 Forest Home Dr

School District:Mishicot School District
NameGradesDistance
Schultz Elementary School
510 Woodlawn Drive, Mishicot, WI 54228
PK-55.1 mi
Mishicot Middle School
660 Washington Street, Mishicot, WI 54228
6-85 mi
Mishicot High School
660 Washington Street, Mishicot, WI 54228
9-125 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 506 Forest Home Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/16/2026
Listed
$330,000
17.86%
MLS
10/16/2019
Sold
$280,000
—
Public Record
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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 for 506 Forest Home Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,727
55%
$291,600
—
2024
$3,686
-20%
$291,600
69%
2023
$4,632
14%
$172,700
—
2022
$4,057
24%
$172,700
—
2021
$3,259
2%
$172,700
—
2020
$3,191
3%
$172,700
—
2019
$3,088
—
$172,700
—
2018
$3,086
4%
$172,700
—
2017
$2,969
—
$172,700
—
2016
$2,979
-4%
$172,700
—
2015
$3,116
1%
$172,700
—
2014
$3,074
-8%
$172,700
—
2013
$3,332
—
$172,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Shorewest, Realtors

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506 Forest Home Drive, Francis Creek, WI 54214 (MLS# 50329286) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 506 Forest Home Drive is currently listed for $330,000 and was received on July 16, 2026. Want to learn more about 506 Forest Home Drive? Do you have questions about finding other Multi-Family real estate for sale in Francis Creek? You can browse all Francis Creek real estate or contact a Coldwell Banker agent to request more information.

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