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 8:06 am
Property Features for 107 S Third St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- commercial
- Interior features
- Office(s), Other
- Standard status
- Active
- APN
- XSTS 00003
- Size
- 1,495 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
- Approximately 1,500 SF commercial suite in Downtown Delavan’s Historic District
- Unit is delivered with drywall, lighting, electrical, and core improvements completed
- Flexible interior layout with office use and multi‑purpose suitability for professional offices or retail
- Central air and forced‑air natural gas heating
- Exterior construction includes stone and stucco, with a rubber roof
- Located just off Brick Road with convenient access and abundant street parking
Overview
The property is positioned in Downtown Delavan’s Historic District, located just off Brick Road. It is described as having excellent visibility and convenient access, with abundant street parking available nearby.
With its completed core and flexible interior configuration, the suite can support tenant types such as professional offices, medical or healthcare practices, wellness and spa services, and boutique retail, among other compatible uses under the property’s commercial zoning. For buyers and owner-occupants looking to tailor the final interior to their brand and operations, this suite offers a straightforward starting point with key systems already in place.
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 | $32.8k | $21.96 |
| − Vacancy | −$2.8k | −$1.87 |
| EGI | $30.0k | $20.09 |
| − OpEx | −$12.0k | −$8.04 |
| NOI | $18.0k | $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
