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    805 Wells St Delafield, WI 53018

    Sponsored
    For Sale
    $1,800,000

    6,500 SF Flex Building, Redevelopment Potential

    Property size:
    6,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property presents a rare opportunity in the vibrant heart of Downtown Delafield, Wisconsin. The offering encompasses a 6,500 square foot flex building situated on a 0.82-acre parcel comprised of two adjacent lots (0.43 acres and 0.39 acres). The existing building provides immediate income potential, while the combined lot size offers significant redevelopment possibilities. Located in the desirable "Lake Country" region, this prime location boasts easy access to I-94 and benefits from strong surrounding household incomes. The property is surrounded by a thriving community, featuring a diverse mix of businesses, including office tenants, retailers, restaurants, and nightlife venues. Its proximity to new residential developments and the recently completed $25 million Hendricks Grain Development (78,000+ SF of office and retail space) further enhances its value and potential. The property is served by municipal sewer and water, with We Energies providing gas and electric. It is zoned Commercial Business (CBD-2), allowing for a wide range of uses. The asking price for this unique investment opportunity is $1,800,000.

    Property Features for 805 Wells St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,500 SF
    Lot Size
    35,719 SF

    HighLights

    • Asking Price: $1,800,000
    • 6,500 SF Flex Building on 0.82‑Acre Lot
    • 0.82‑acre lot comprised of two parcels (0.43 acres and 0.39 acres) offering redevelopment potential
    • Prime Downtown Delafield location with I‑94 access and strong demographics
    • Commercial Business (CBD‑2) zoning allowing diverse uses
    • Municipal sewer and water; We Energies gas and electric.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifetime Renovations Contractor Lifetime Commercial Radon ... Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Delafield
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.400316153346
    Latitude
    43.059930391077

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    Nearby Similar for Sale

    • $449,900
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      Retail property surrounded by established national retailers.
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      Prime Delafield Shopping Center

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      View Details

    FAQs

    What type of property is this?
    Lifestyle center - 6,500 SF Flex Building, Redevelopment Potential
    Where is this lifestyle center located?
    The property is located at 805 Wells St Delafield, WI.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Asking Price: $1,800,000; 6,500 SF Flex Building on 0.82-Acre Lot; 0.82-acre lot comprised of two parcels (0.43 acres and 0.39 acres) offering redevelopment potential
    Request Owner's contact information
    805 Wells St Delafield, WI 53018
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    Delafield, WI 53018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    805 Wells St Delafield, WI 53018
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