3131 S 13th St - Bank FOR SALE


Milwaukee, WI 53215- Morgandale
$1,475,000 USD
414-249-2310
3131 S 13th St, Milwaukee, WI for Sale
$1,475,000 USD
Bank - FOR SALE
1/4
null | 5.71% Cap Rate

3131 S 13th St
Milwaukee, WI 53215
Morgandale


HIGHLIGHTS

  • 100% Leased to BMO - Absolute NNN - Annual Rent Increases
  • Lease Term - 2026 Branch Refresh
  • Significant Deposits
  • Excellent Credit Tenancy
  • Multi-Lane Drive Thru & Ample Parking
  • Excellent Visibility and Signage

OVERVIEW

This investment offering features a single-tenant BMO Bank branch located at 3131 South 13th Street in Milwaukee, Wisconsin. The property is 100% leased to BMO under an absolute net lease structure, with 7.7 years remaining on the initial term and three additional five-year renewal options. The current lease provides annual rent increases of one percent plus a CPI adjustment, ensuring consistent income growth through the term. BMO’s continued occupancy underscores its commitment to this location, which serves as a well-positioned branch with convenient drive-thru access and ample customer parking. BMO Bank, rated A+ by S&P and Aa2 by Moody’s, is one of the strongest financial institutions in North America, operating over 1,000 U.S. branches and overseeing assets exceeding $1.44 trillion. The Milwaukee branch holds more than $58 million in deposits as of 2025, reinforcing its significance within the bank’s Midwest footprint. The property is strategically located along a key commercial corridor, providing exceptional visibility, easy access from surrounding neighborhoods, and proximity to regional thoroughfares. It offers a two-lane drive-thru, 59 surface parking spaces, and recent or upcoming improvements, including a scheduled parking lot resurfacing in 2026. This asset combines a long-term corporate tenant, reliable credit, and an established retail location that benefits from consistent traffic and strong market fundamentals in a thriving Milwaukee corridor.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

5.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BMO Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,299 SF

ZONING

LD40 M

APN/PARCEL ID

535-0525-112-8

ASK ABOUT THIS PROPERTY

Andy HessFounders 3 Real Estate ServicesMore Info
414-249-2310

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Andy HessFounders 3 Real Estate ServicesMore Info
414-249-2310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.