Bank Building with Pneumatic
5723 Durand Ave, Mount Pleasant, WI 53406
For Sale
$1,200,000
The interior has two safes, a conference room, kitchenette, public restrooms, and partitioned office areas.
Property Size4,117 SF
Price / SF$291.47
Days on Market13
Property Features for 5723 Durand Ave
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Property Use
Amenities
two safes
pneumatic tube system
public restrooms
kitchenette/break-room
conference room
open floor plan with office partitioning
Building Details
Year Built
Tenancy
Listing Agency:
Shorewest Realtors, Inc.
Listed By:
Angela Wolf
Source:
Homesinwisconsin
Added: Oct 27
Changed: Nov 7
Last Checked: Nov 7 at 11:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shorewest Realtors, Inc.
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Investment Insights
Based on property information with market context.
This 4,117-square-foot bank property was built in 1985 and includes two safes and a functioning pneumatic tube system. Interior spaces include public restrooms, a kitchenette and break area, a conference room, and an open floor plan with office partitions. The property is currently leased to Johnson Financial Bank during construction of its new facility.
The building at 5723 Durand Ave in Mount Pleasant, Wisconsin, shares a driveway with a neighboring business. Current zoning does not permit car washes or auto sales; permitted uses should be confirmed with the municipality.
The building at 5723 Durand Ave in Mount Pleasant, Wisconsin, shares a driveway with a neighboring business. Current zoning does not permit car washes or auto sales; permitted uses should be confirmed with the municipality.
Key Highlights
- 4,117‑square‑foot bank property built in 1985
- Two safes and a functioning pneumatic tube system
- Conference room, kitchenette and break area, public restrooms, and office partitions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,151
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,020
$1.1M
Cap Rate 7%
$816,443
$816.4K
Cap Rate 9%
$635,011
$635.0K
Market Conditions
NOI Build-Up for 4,117 SF
Gross rent
$79.0K $19.20/SF
− Vacancy
−$2.8K −$0.69/SF
EGI
$76.2K $18.51/SF
− OpEx
−$19.1K −$4.63/SF
NOI
$57.2K $13.88/SF
Area
Racine County, WI
Vacancy
3.60%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,020
Cap Rate 7%
$816,443
Cap Rate 9%
$635,011
Alternative Uses
Best Use
Specialty Retail
$816.4K
$714.4K – $952.5K
NOI $57,151 @ 7.0% cap · market cap 4.76%
Second Best
Retail
$598.4K
$523.6K – $698.1K
NOI $41,888 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$990.1K
$866.3K – $1.16M
NOI $69,304 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 53406, WI
27,078
Population
11,634
Households
2.3
Avg Household Size
45
Median Age
32%
College-Educated
93%
High-School Grad
16.4 sq mi
ZIP Area
1,651
Density / Sq Mi
$78,427
Median Household Income
$46,745
Median Earnings
$990
Median Rent
$262,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bank - The interior has two safes, a conference room, kitchenette, public restrooms, and partitioned office areas.
Where is this bank located?
The property is located at 5723 Durand Ave Mount Pleasant, WI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,117‑square‑foot bank property built in 1985; Two safes and a functioning pneumatic tube system; Conference room, kitchenette and break area, public restrooms, and office partitions
