This historic building offers a prime investment opportunity in the heart of Delavan’s downtown square. The property combines two street-level retail spaces with four well-maintained apartments above, creating a stable income stream in a vibrant business district. Recent capital improvements include a resealed roof (2024), updated facade and foundation (2020), new gutters, and multiple window replacements, ensuring long-term durability. Tenants benefit from a common laundry room and dedicated carport parking, enhancing convenience and appeal. Located within a TIF District, the property provides potential tax advantages for investors. Its central location offers excellent visibility and walkability, surrounded by local businesses, community services, and residential neighborhoods. With all apartments and retail spaces currently leased, plus an additional storage area that could be converted to retail use, this asset delivers immediate cash flow and future upside.