Bank Drive-Through
For Sale
$289,000
910 S Main St, Fort Atkinson, WI 53538
Maintained commercial building with teller infrastructure, security equipment, and adaptable space for future users.
Property Size1,200 SF
Price / SF$240.83
Days on Market186
Property Features for 910 S Main St
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Furnished
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,988
Building Details
Buildings
1
Listing Agency:
Epic Real Estate Group
(920) 563-3400
Listed By:
Todd Willkomm · License #5514790
(920) 563-3400
Source:
Exprealty
Added: Feb 11
Changed: Aug 14
Last Checked: Aug 16 at 10:38AM
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 Epic Real Estate Group
Investment Insights
Based on property information with market context.
This 1200-square-foot former regional bank drive-through branch includes four existing teller lines, two teller stations, powered workstations, and a bank safe that remains with the building. A Spacesaver filing system, camera equipment, and security system are also in place. The teller lines may be converted into additional interior space or used to create more parking, depending on the selected use.
The property is located at 910 S Main St in Fort Atkinson, Wisconsin, with recorded traffic volumes of 2500 VPD on Main St and 1500 VPD on Rockwell. Building plans are available with the sale, supporting review of the existing configuration and potential modifications.
The property is located at 910 S Main St in Fort Atkinson, Wisconsin, with recorded traffic volumes of 2500 VPD on Main St and 1500 VPD on Rockwell. Building plans are available with the sale, supporting review of the existing configuration and potential modifications.
Key Highlights
- 1200‑square‑foot former regional bank drive‑through branch
- 4 existing teller lines with conversion options for added space or parking
- Bank safe, Spacesaver filing system, camera equipment, and security system remain
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,691
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$233,820
$233.8K
Cap Rate 7%
$167,014
$167.0K
Cap Rate 9%
$129,900
$129.9K
Market Conditions
NOI Build-Up for 1,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.3K $13.56/SF
− Vacancy
−$683 −$0.57/SF
EGI
$15.6K $12.99/SF
− OpEx
−$3.9K −$3.25/SF
NOI
$11.7K $9.74/SF
Area
Jefferson County, WI
Vacancy
4.20%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$233,820
Cap Rate 7%
$167,014
Cap Rate 9%
$129,900
Alternative Uses
Best Use
Specialty Retail
$167.0K
$146.1K – $194.9K
NOI $11,691 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$165.5K
$144.9K – $193.1K
NOI $11,588 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$281.7K
$246.5K – $328.6K
NOI $19,716 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 31%
Shops & Services 21%
Home Improvements & Furnishings 9%
Skogen's Festival Foods
Groceries
24,649 visits/mo
0.3 miles
McDonald's
Dining
16,322 visits/mo
0.3 miles
Casey's General Store
Shops & Services
7,335 visits/mo
0.2 miles
Niemann Ace Hardware
Home Improvements & Furnishings
5,883 visits/mo
0.4 miles
Stop N Go
Shops & Services
5,665 visits/mo
0.5 miles
Demographics for 53538, WI
18,643
Population
8,444
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
97.1 sq mi
ZIP Area
192
Density / Sq Mi
$80,784
Median Household Income
$44,995
Median Earnings
$967
Median Rent
$228,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Maintained commercial building with teller infrastructure, security equipment, and adaptable space for future users.
Where is this bank located?
The property is located at 910 S Main St Fort Atkinson, WI.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1200‑square‑foot former regional bank drive‑through branch; 4 existing teller lines with conversion options for added space or parking; Bank safe, Spacesaver filing system, camera equipment, and security system remain
