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Lower-Level Office Suite
For Lease
$1,650/Mo

115 S Third St, Delavan, WI 53115

Lower-level office suite with three rooms and a full bathroom near Delavan’s Brick Street.

Space SizeContact for details
Days on Market94

Property Features for 115 S Third St

General Information

Standard status Active

Building Details

Year Built 1870
Listing Agency: Compass Wisconsin-Lake Geneva
Listed By: Keefe & Associates Group* · License #5815690
Source: Tumpanelegacy
Added: Jul 21 Changed: Oct 17 Last Checked: Oct 7 at 2:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Wisconsin-Lake Geneva

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Investment Insights

Based on property information with market context.

Located at 115 S 3rd St in Delavan, WI, this lower-level commercial office suite includes three separate rooms and a full bathroom. One room features an open layout that can be enclosed to better match your workflow.

The space is just steps from Delavan’s iconic Brick Street and is walkable to coffee, restaurants, shopping, and everyday services.

For tenants seeking a compact, flexible office configuration, the current layout offers multiple room options within a dedicated suite, with room-to-room separation supported by the existing configuration.

Key Highlights

  • 1,400 SF lower‑level commercial office suite just steps from Delavan’s Brick Street
  • Suite includes three separate rooms plus a full bathroom
  • One room has an open layout that can be enclosed to fit business needs

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

La Reyna Boutique Clothing & Fashion Store

Suggested Use

Top Pick HVAC Service Pharmacy (Bike/Boat/Book/etc) Store Barber Shop Dental Office Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.01 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

414
Businesses Nearby

Demographics for 53115, WI

15,884
Population
8,848
Households
1.8
Avg Household Size
43
Median Age
25%
College-Educated
89%
High-School Grad
71.9 sq mi
ZIP Area
221
Density / Sq Mi
$70,880
Median Household Income
$38,871
Median Earnings
$1,012
Median Rent
$225,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Lower-level office suite with three rooms and a full bathroom near Delavan’s Brick Street.
Where is this office unit located?
The property is located at 115 S Third St Delavan, WI.
What is the lease rate?
The lease rate is $1,650/Mo.
What are key features of this property?
This property features: 1,400 SF lower‑level commercial office suite just steps from Delavan’s Brick Street; Suite includes three separate rooms plus a full bathroom; One room has an open layout that can be enclosed to fit business needs
More about this property
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