601 Genesee Street, Delafield, WI 53018
Ground-floor retail condo property with six tenant spaces within a mixed-use downtown development.
- Added:
- Jun 29, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 1 at 6:34 am
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
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 Mid America Real Estate Milwaukee
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
- Asking price $3,570,000
- 2027 NOI of $232,299
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Delafield
- County
- Waukesha
- State
- Wisconsin
- Longitude
- -88.4048611
- Latitude
- 43.0604925
