615 Water St - Bank FOR SALE


Sauk City, WI 53583
$2,210,526 USD
512-277-5924
615 Water St, Sauk City, WI for Sale
$2,210,526 USD
Bank - FOR SALE
1/5
null | 6.18% Cap Rate

615 Water St
Sauk City, WI 53583


HIGHLIGHTS

  • The Sauk Prairie branch reported ~$119 million in deposits as of June 30, 2025, representing ~64% of local deposit market share.
  • BMO has exercised its current 5-year option, extending the lease through November 30, 2031.
  • BMO Financial Group is the 8th largest bank in North America by assets, with ~$1.5 trillion in total assets as of April 30, 2026.
  • Absolute Triple Net (NNN) Lease structure, with the tenant responsible for property-level operating expenses.
  • Annual rent increases to $136,682 on December 1, 2026, with additional scheduled increases throughout the exercised option period.
  • The property contains 6,618 SF, including a full finished basement, & occupies 0.95 acres. The freestanding configuration provides dedicated parking.

OVERVIEW

We are pleased to exclusively offer for sale the 6,618 SF BMO Bank located at 615 Water Street in Sauk City, WI. This investment is backed by BMO Bank, an investment-grade financial institution, with the Sauk Prairie branch commanding ~64% of the local deposit market share and demonstrating a strong, established customer base. BMO recently exercised a 5-year renewal, extending the lease through November 2031, with 1 additional 5-year option remaining and scheduled annual rent increases providing contractual cash flow growth. In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker - Lic. #938545-91 BoR: Scott Reid - Lic. WI #58772-90

FOR SALE DETAILS

PRICE

$2,210,526 USD

PRICE/SF

$338 USD /SF

CAP RATE

6.18%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BMO Bank - Sauk City, WI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

-

APN/PARCEL ID

181-0339-10000,181-0340-00000,181-0341-00000,181-0342-00000

ASK ABOUT THIS PROPERTY

Will SchuhmacherSands Investment Group Austin, LLCMore Info
512-277-5924

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Will SchuhmacherSands Investment Group Austin, LLCMore Info
512-277-5924

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