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    1265 Racine St Delavan, WI 53115

    For Sale
    $260,000

    Established Tavern, Liquor Store Potential, Apartment

    Property size:
    2,100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 2,100 square foot commercial property, situated on a highly visible 0.4-acre corner lot in Delavan, Wisconsin, presents a unique investment opportunity. The building currently houses an established tavern with a rich local history and a permitted late-night drive-through liquor store, offering immediate income potential. However, the versatility of this location extends far beyond its current use. The city permits numerous commercial applications, making it ideal for a variety of businesses. Recent significant upgrades enhance the property's value and functionality, including a new roof, flooring, a 240 square foot cooler, and a modern heating and air conditioning system. Adding to its appeal is a two-bedroom apartment on the upper level, generating additional rental income. The sale includes the physical property only

    Property Features for 1265 Racine St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,100 SF
    Lot Size
    17,424 SF

    Building Details

    Year Built
    1890
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wally Wheelz Inn Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Delavan
    County
    WALWORTH
    State
    Wisconsin
    Longitude
    -88.6283
    Latitude
    42.63821

    Nearby Comparable

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      Highway 50 Commercial Land

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    Nearby Similar for Sale

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      Delavan Industrial Property for Sale

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      Delavan Industrial Park Commercial Building

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    • $279,900
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      Delavan Commercial Building, 3 Units

      High-yield Delavan investment opportunity. Three-unit building.
      1333 Racine St, Delavan, WI 53115
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    FAQs

    What type of property is this?
    Commercial real estate - Established Tavern, Liquor Store Potential, Apartment
    Where is this commercial real estate located?
    The property is located at 1265 Racine St Delavan, WI.
    What is the asking price?
    The asking price for this property is $260,000.
    (262) 728-3418
    Request Owner's contact information
    1265 Racine St Delavan, WI 53115
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    Delavan, WI 53115
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1265 Racine St Delavan, WI 53115
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