Marcus & Millichap is pleased to present the opportunity to acquire the property located at 735 Sugar Creek Street in Delavan, Wisconsin. The subject property consists of approximately 15,684 square feet of manufacturing flex space and is situated on 3.08 acres of land. The single-tenant asset features a clear height of 10’, one dock-high door, one grade-level door, and masonry/metal construction. Located in proximity to Interstate 43 in the Walworth West submarket, the property sits 53 miles from Downtown Milwaukee. At $60.57 per square foot, the vacant property can be acquired well below replacement costs, ideally for owner use or as a lease-up opportunity.
Notable for its low property taxes, Walworth West is a relatively small submarket, containing 9.7 million square feet of industrial space. In the 12 months through Q2 2025, net absorption contracted by over -72,000 square feet. However, only 10,000 square feet of industrial space were delivered during that time, and the vacancy rate increased by nearly 100 basis points to just 1.0 percent. Despite the lack of availability in Walworth West, industrial rent growth decelerated to 1.0 percent, representing the lowest level since Q3 2012. Market rents averaged about $7.20 per square foot in Q2. With no industrial properties under construction in Walworth West at the start of Q3, demand will remain in the driver’s seat of vacancies and rents for the foreseeable future (CoStar).
Metro Milwaukee, which includes the counties of Milwaukee, Ozaukee, Washington, and Waukesha, is home to nearly 1.6 million residents, with approximately 590,000 living within city limits. The region is transforming from its manufacturing roots to a more diversified economy with a growing healthcare and technology sector. The lower cost of doing business compared to Chicago is attracting new employers to the metro, which already hosts six Fortune 500 firms. Major employers in the area include Northwestern Mutual Life Insurance Company, Aurora Health Care, Kroger Company, and Kohl’s Corp. Thanks to the ten universities in close proximity to Milwaukee, the region benefits from a skilled labor pool, with two-thirds of residents ages 25 and older having some college education. With two major league teams, its position along Lake Michigan, and several museums and attractions, residents of metro Milwaukee enjoy a high quality of life (Marcus & Millichap).
BROKER OF RECORD
TODD LINDBLOM
Wisconsin Broker of Record
13890 Bishops Drive, Suite 300
Brookfield, WI 53005
Office (262) 364-1964
Todd.Lindblom @MarcusMillichap.com
License: 56163-90
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAG0370421)
