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Property profile & analytics
OFF-MARKET
Commercial real estate

1265 Racine St Delavan, WI 53115-1423

0.4 ac lot
Entity Owned 1-yr Hold Free & Clear
Property ID
US92-0461723
Property summary
AI-generated overview

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

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.4 ac (17,424 SF)
APN XEA 00045
UPID US92-0461723
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wally Wheelz Inn Bar & Pub
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Maksbet LLC · 1 yrs held
Maksbet LLC
since 2025
Last sale
$245,000
4 recorded transactions
2025
$245,000
2019
$50,000
2019
Price N/A
2018
$96,800
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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