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)
- Standard status
- Active
- APN
- XSTS 00001
- Size
- 1,759 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 1,700 SF commercial suite in Downtown Delavan Historic District
- Professional office space with interior office(s)
- Delivered with drywall, lighting, electrical, and core improvements completed for customization
- Central air cooling and forced‑air natural gas heating
- Stone and stucco construction with rubber roof
Overview
The property is positioned in the heart of Downtown Delavan’s Historic District, located just off Brick Road. The location is described as having excellent visibility and convenient access, with abundant street parking available nearby.
With its core improvements already in place, the suite is well suited for professional offices, medical and healthcare practices, and spa or wellness services. The commercial zoning supports a broad mix of service-oriented businesses, and the open customization approach can help tenants and buyers tailor the interior to their workflow without starting from raw shell conditions.
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 | $38.6k | $21.96 |
| − Vacancy | −$3.3k | −$1.87 |
| EGI | $35.3k | $20.09 |
| − OpEx | −$14.1k | −$8.04 |
| NOI | $21.2k | $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
