615 Water Street, Sauk City, WI 53583

Building Details

Tenancy Single More

Listing Agency: ParaSell Inc

Listed By: Scott Reid · License WI CQ1059597 Show Phone

Source: Crexi

Added: Sep 22 Changed: Nov 8 Last Checked: Nov 8 at 8:20AM

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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 ParaSell Inc

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Investment Insights

Based on property information with market context.

The 6,618-square-foot bank property at 615 Water Street in Sauk City is occupied by BMO Bank. The current lease runs through November 2031, following the tenant’s exercise of a five-year renewal. One additional five-year option remains, and scheduled annual rent increases are part of the lease terms.

The Sauk Prairie branch is reported to hold approximately 64% of the local deposit market share. The property is offered for sale.

Key Highlights

• 6,618 SF bank property occupied by BMO Bank
• Lease extended through November 2031 after exercise of a 5‑year renewal
• One additional 5‑year lease option remains

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$87,020

Cap Rate

3.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,740,400 $1.7M

Cap Rate 7%

$1,243,143 $1.2M

Cap Rate 9%

$966,889 $966.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,618 SF

Gross rent

$119.1K $18.00/SF

− Vacancy

−$3.1K −$0.47/SF

EGI

$116.0K $17.53/SF

− OpEx

−$29.0K −$4.38/SF

NOI

$87.0K $13.15/SF

Area

Sauk County, WI

Vacancy

2.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,740,400

Cap Rate 7%

$1,243,143

Cap Rate 9%

$966,889

Alternative Uses

Best Use

Specialty Retail

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $87,020 @ 7.0% cap · market cap 3.94%

Second Best

Retail

$953.0K

$833.9K – $1.11M (±1% cap)

NOI $66,709 @ 7.0% cap · market cap 3.02%

Theoretical Best

Office A

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,774 @ 7.0% cap · market cap 4.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

BMO Bank N.A ... Bank BMO Harris Bank ... Bank

Suggested Use

Top Pick Dental Office Restaurant Law Firm Real Estate Agency Building Supply Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

351

Businesses Nearby

68k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 71% Home Improvements & Furnishings 15% Dining 14%

Kwik Trip Shops & Services

37,611 visits/mo 0.3 miles

Niemann Ace Hardware Home Improvements & Furnishings

9,978 visits/mo 0.1 miles

Dunkin' Donuts Dining

9,759 visits/mo 0.4 miles

Family Dollar Shops & Services

6,999 visits/mo 0.4 miles

BMO Harris Bank Shops & Services

2,619 visits/mo 0.1 miles

Demographics for 53583, WI

5,787

Population

2,525

Households

2.3

Avg Household Size

44

Median Age

27%

College-Educated

95%

High-School Grad

74.6 sq mi

ZIP Area

78

Density / Sq Mi

$92,792

Median Household Income

$51,793

Median Earnings

$1,078

Median Rent

$305,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Bank - BMO Bank occupies the branch under a lease with scheduled annual rent increases.

Where is this bank located?

The property is located at 615 Water Street Sauk City, WI.

What is the asking price?

The asking price for this property is $2,210,526.

What are key features of this property?

This property features: 6,618 SF bank property occupied by BMO Bank; Lease extended through November 2031 after exercise of a 5‑year renewal; One additional 5‑year lease option remains