230 7Th StDelavan, WI 53115

For Sale
$690,000

17,195 SF, 3-Tenant Mixed-Use Property

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, located at 230 S 7th St, Delavan, WI 53115, presents a compelling investment opportunity. Spanning 17,195 square feet on a 1.2-acre lot, this property boasts three buildings, each single-story, and offers a blend of automotive and retail space. Currently operating at 90% occupancy with three tenants, the property generates a net operating income (NOI) of $3,750. The asking price is $690,000, representing a price per square foot of $40.13 and a 0.54% cap rate. The main space (8,048 sq ft) is currently used as an automotive repair facility, complemented by two retail tenants occupying 3,172 and 2,878 square feet respectively, and an additional 3,097 sq ft repair bay. The property features 35 parking spaces and benefits from three-phase power and multiple service panels. Built in 1950 and renovated in 2013, the property is zoned for business use and situated on State Hwy 50, providing excellent visibility and accessibility. This property is ideal for an owner-user seeking expansion or an investor looking for a multi-tenant income stream with potential for further growth by adding one or two more tenants. The existing tenants contribute significantly to covering overhead costs. This is a gross lease property.

Highlights

  • Exceptional mixed-use property, 17,195 SF on 1.2 acres, three single-story buildings, 90% occupancy, $690,000 asking price.
  • Three tenants generating $3,750 NOI, $40.13 PSF, 0.54% cap rate.
  • 8,048 SF automotive repair shop, plus two retail spaces totaling 6,050 SF, and a 3,097 SF repair bay.
  • 35 parking spaces, three-phase power, multiple service panels, located on State Hwy 50.
  • Built in 1950, renovated in 2013, business zoning, gross lease.

Property Details for 230 7Th St

Property type
Automotive properties, Other mixed-use properties
Square Feet
17,195 SF
Year Built/Renovated
1950/2013
Buildings
3
Stories
1
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Delavan
County
Walworth
State
Wisconsin
Latitude
42.6298137
Longitude
-88.6387207
230 7Th St, Delavan, Wisconsin

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230 7Th St
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