Restaurant and Apartment
For Sale
$575,000
W7404 County Road X, Delavan, WI 53115
An upstairs two-bedroom apartment provides a residential component above the restaurant space.
Property Size3,800 SF
Price / SF$151.32
Days on Market145
Property Features for W7404 County Road X
General Information
Standard status
Active
Size
3,800 SF
Total Parking Spaces
25
Property subtype
Commercial
Zoning
B-2
Additional Details
Business Included
Yes
Multifamily Units
1
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$2,688
Building Details
Building Size
3,800 SF
Year Built
1972
Listing Agency:
Legendary Real Estate Services
Listed By:
Legendary team*
(262) 745-2096
Source:
Defererealestate
Added: Jun 7
Changed: Oct 26
Last Checked: Oct 26 at 3:53AM
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 Legendary Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines a restaurant with a two-bedroom apartment on the upper level. The building was constructed in 1972 and is zoned B-2. Located at W7404 County Road X in Delavan, Wisconsin, the property offers a restaurant-and-residential configuration within one building.
Key Highlights
- 3,800 SF property
- Two‑bedroom apartment above the restaurant
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,334
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,680
$1.0M
Cap Rate 7%
$733,343
$733.3K
Cap Rate 9%
$570,378
$570.4K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$72.0K $18.96/SF
− Vacancy
−$3.6K −$0.95/SF
EGI
$68.4K $18.01/SF
− OpEx
−$17.1K −$4.50/SF
NOI
$51.3K $13.51/SF
Area
Walworth County, WI
Vacancy
5.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,680
Cap Rate 7%
$733,343
Cap Rate 9%
$570,378
Alternative Uses
Best Use
Specialty Retail
$733.3K
$641.7K – $855.6K
NOI $51,334 @ 7.0% cap · market cap 8.93%
Second Best
Mixed Use
$674.2K
$590.0K – $786.6K
NOI $47,196 @ 7.0% cap · market cap 8.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An upstairs two-bedroom apartment provides a residential component above the restaurant space.
Where is this mixed-use property located?
The property is located at W7404 County Road X Delavan, WI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,800 SF property; Two‑bedroom apartment above the restaurant; Built in 1972
