601 Genesee Street Delafield, WI 53018
Ground-floor retail condo property with six tenant spaces within a mixed-use downtown development.
Property Features for 601 Genesee Street
General Information
- Standard status
- Active
- Size
- 13,777 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing office Mid America Real Estate Milwaukee (414) 390-1402
Listing date Jun 29, 2026
Source Midamericagrp
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Investment Insights
Based on property information with market context.
The development occupies a full city block at 601 Genesee Street in downtown Delafield. As a downtown retail project with multiple specialty retailers, the retail portion is positioned as part of the surrounding streetscape and day-to-day pedestrian activity.
For tenants and investors seeking a retail condo structure, this property provides separate, ground-level retail space in a newer, purpose-built downtown environment. The asset is designed to support specialty retail uses within a mixed-use setting, offering straightforward ownership of retail units alongside the adjacent residential condominiums.
Key Highlights
- 13,777 SF ground‑floor retail condo with six tenant spaces in a mixed‑use downtown development
- Built in 2006; part of Delafield Square residential and retail development on a full city block
- Delafield Square includes six specialty retailers and sixteen multi‑family condominiums
Local Financial Insights For Retail
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 | $289.3k | $21.00 |
| − Vacancy | −$10.4k | −$0.76 |
| EGI | $278.9k | $20.24 |
| − OpEx | −$83.7k | −$6.07 |
| NOI | $195.2k | $14.17 |
