1265 Racine St Delavan, WI 53115
- Commercial real estate
- 0.40 lot acres
Current Use by Public Records
- Wally Wheelz Inn / Bar
Property Details for 1265 Racine St
- Lot size
- 0.40 lot acres
- Property type
- Commercial real estate
- APN
- XEA 00045
- APU
- XEA00045
Description
This exceptional 2,100 square foot commercial property, situated on a highly visible 0.4-acre corner lot in Delavan, Wisconsin, presents a unique investment opportunity. The building currently houses an established tavern with a rich local history and a permitted late-night drive-through liquor store, offering immediate income potential. However, the versatility of this location extends far beyond its current use. The city permits numerous commercial applications, making it ideal for a variety of businesses. Recent significant upgrades enhance the property's value and functionality, including a new roof, flooring, a 240 square foot cooler, and a modern heating and air conditioning system. Adding to its appeal is a two-bedroom apartment on the upper level, generating additional rental income. The sale includes the physical property only
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $165,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $220,000
- 6.5%
- $215,000
- 7%
- $205,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $200,000
- Geo Method
- $220,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $255,000
- Retail
- $210,000
- Mixed-Use
- $260,000
- Hospitality
- $210,000
- Educational
- $210,000
- Residential Income
- $230,000
- Energy
- $220,000
- Income-Based Land
- $240,000
- Food Service
- $215,000
Location Insight
- Map
- Local Demand
- City
- Delavan
- County
- Walworth
- State
- Wisconsin
- Longitude
- -88.6283
- Latitude
- 42.6383
- CBSA code
- 48580
- CBSA name
- WHITEWATER, WI MICROPOLITAN STATISTICAL AREA
