1265 Racine St Delavan, WI 53115-1423
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
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Wally Wheelz Inn Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.