705 Genesee StDelafield, WI 53018

Property Details for 705 Genesee St

Lot size

1.06 AC

Zone code

B

Property type

Commercial real estate

APN

DELC0793021002

APU

DELC0793021002

Description

This exceptional commercial property at 705 North Genesee Street in Delafield, Wisconsin offers a unique opportunity for businesses seeking flexible office space in a vibrant downtown location. The building totals 78,000 square feet and currently has 47,390 square feet of vacant space available, divisible into units ranging from 4,285 to 11,509 contiguous square feet. The property is classified as retail, office, and restaurant space, making it suitable for a variety of uses. Its location in Waukesha County provides easy access to Interstate 94, placing it just 27 miles west of Milwaukee and 52 miles east of Madison. Delafield's thriving downtown area boasts a mix of office tenants, retailers, restaurants, and residential properties, creating a dynamic and attractive environment for businesses. The area is also known for its outdoor recreational opportunities, with proximity to Nagawicka Lake, the Bark River, the Ice Age National Scenic Trail, and the Lake Country Recreation Trail. This prime location, coupled with the available space and flexible lease options, presents a compelling investment opportunity in a rapidly growing community. The building's recent history reflects significant commercial investment, with nearly $43 million in commercial building sales within the past five years, indicating a strong and stable market. This property is ideal for businesses seeking a blend of convenience, accessibility, and a vibrant community atmosphere.

• CAP approach

  CAP return

  Valuation

  6%

  $9,448,900

  6.5%

  $8,722,060

  7%

  $8,099,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,687,730

  Geo Method

  $6,014,160

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $17,720,200

  Retail / Commercial

  $8,979,470

  Mixed-Use / Specialty

  $8,862,840

  Hospitality / Lodging

  $6,392,220

  Office

  $8,722,060

  Institutional / Educational

  $9,183,540

  Residential Income

  $10,744,700

  Multifamily

  $13,355,700

  Automotive / Energy

  $7,871,610

  Parking / Income-Based Land

  $2,799,990

  Restaurant / Food Service

  $4,429,050

  Healthcare / Senior Housing

  $9,175,450

Location Insight

City

Delafield

County

Waukesha

State

Wisconsin

Latitude

43.0612

Longitude

-88.4049

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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