About 506 Forest Home Drive
Exceptional investment opportunity featuring a landmark former supper club and bowling alley with significant income potential. The property currently generates approximately $4,000 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.
Features of 506 Forest Home Drive
| MLS® # | 50329286 |
|---|---|
| Price | $330,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,728 |
| Acres | 1.04 |
| Year Built | 1900 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active-Offer No Bump |
Community Information
| Address | 506 Forest Home Drive |
|---|---|
| City | FRANCIS CREEK |
| County | Manitowoc |
| State | WI |
| Zip Code | 54214 |
Amenities
| Parking Spaces | 3 |
|---|---|
| Parking | Outside |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Radiant |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Lot Description | Sidewalk |
|---|---|
| Construction | Aluminum Siding, Brick |
| Foundation | Block, Poured Concrete, Stone |
School Information
| District | Mishicot |
|---|
Additional Information
| Date Listed | July 16th, 2026 |
|---|---|
| Zoning | Commercial,Multi-Family( |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Shorewest, Realtors |
|---|