107 S Third St, Delavan, WI 53115
- 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 00002
- 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
- Delivered with drywall, lighting, electrical, and core improvements completed for customization
- Flexible suite suited for professional offices, medical/healthcare, wellness/spa, or boutique retail
- Central air and forced‑air natural gas heating
- Stone and stucco construction with a rubber roof
- Office(s) interior feature
Overview
Located at 107 S Third St in Delavan, Wisconsin, the suite is positioned within the heart of the Historic District. The property is described as being just off Brick Road, with excellent visibility, convenient access, and abundant street parking to support day-to-day operations and client visits.
Given the flexible configuration and core-ready delivery, the space is presented as a fit for a range of professional and customer-facing uses, including professional offices, medical or healthcare practices, wellness and spa services, or boutique retail. With core systems already in place, buyers and tenants can focus on refining finishes, layouts, and specialized improvements for their intended services.
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
