107 S Third St, Delavan, WI 53115
Office(s),Professional Service - Delavan, WI
- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 27 at 9:06 am
Property Features for 107 S Third St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- commercial
- Interior features
- Other
- Standard status
- Active
- APN
- XSTS 00004
- Size
- 1,545 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 0
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Building materials
- Stone, Stucco
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Berisha Cary License #93986-94 (262) 949-3374
Listing office MELGES Real Estate, LLC 233 Center St, Lake Geneva, WI 53147, Lake Geneva, WI (262) 249-7653
Listing date Jun 23, 2026
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.
HighLights
- About 1,500 SF commercial suite in Downtown Delavan’s Historic District
- Delivered with drywall, lighting, electrical, and core improvements completed for owner customization
- Flexible space suited for professional offices, medical/healthcare, wellness/spa, and boutique retail (per remarks)
- Central air cooling with forced‑air natural gas heating
- Construction materials include stone and stucco
- Roof is rubber
Overview
The suite is located just off Brick Road and is positioned for visibility in a downtown setting. The location also provides convenient access and abundant street parking.
This configuration is practical for a range of professional and client-facing concepts, including professional offices, medical or healthcare practices, and wellness or spa services. It can also work for boutique retail, depending on the final interior layout and build-out requirements. With the early work already completed, tenants and buyers can focus on tailoring finishes, rooming, and operational flow to their specific program while proceeding from a prepared base.
Local Financial Insights For Healthcare Medical
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 | $33.9k | $21.96 |
| − Vacancy | −$2.9k | −$1.87 |
| EGI | $31.0k | $20.09 |
| − OpEx | −$12.4k | −$8.04 |
| NOI | $18.6k | $12.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Delavan
- County
- Walworth
- State
- Wisconsin
- Longitude
- -88.644858
- Latitude
- 42.632532
