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Bank Branch For Sale

3131 South 13th Street Milwaukee, WI 53215

3131 South 13th Street, Milwaukee, WI, 53215
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Bank branch with a broad range of personal banking solutions.

Property Size10,770 SF
Price / SF$136.95
AddedSep 14, 2023
Days on Market1036
Last RefreshJul 15 at 1:41 pm

Property Features for 3131 South 13th Street

General Information

Standard status
Active
Size
10,770 SF
Property subtype
Retail

Building Details

Year Built
1974

Listing office Founders 3 Real Estate Services Office & Industrial Brokerage Division

Listing date Sep 14, 2023

Source Crexi

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 Founders 3 Real Estate Services Office & Industrial Brokerage Division


Investment Insights

Based on property information with market context.

The property is a bank branch that provides a broad range of personal banking products and solutions across the United States. The bank, established in 1882 as Harris Bank and owned by BMO Financial Group since 1984, has grown to be one of the largest banks in the Midwest, serving personal, commercial, and affluent customers. It provides a broad range of personal banking products and solutions through over 1,000 branches and fee-free access to over 40,000 ATMs across the United States. These include solutions for everyday banking, financing, and investing, as well as a full suite of integrated commercial and financial advisory services. The commercial banking team provides a combination of sector expertise, local knowledge, and mid-market focus throughout the U.S. The property has a size of 10770 square feet.

Key Highlights

  • Over 1,000 branches across the United States.
  • Fee‑free access to over 40,000 ATMs across the United States.
  • Broad range of personal banking products and solutions.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $187.4k $17.40
− Vacancy −$13.1k −$1.22
EGI $174.3k $16.18
− OpEx −$43.6k −$4.05
NOI $130.7k $12.14
10,770 SF · lease $17.40/SF/yr · vacancy 7.00% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.87M
$1.63M – $2.18M (±1% cap)
NOI $130,710 @ 7.0% cap · market cap 8.86%
Second Best
Retail
$1.60M
$1.40M – $1.86M (±1% cap)
NOI $111,751 @ 7.0% cap · market cap 7.58%
Theoretical Best
Warehouse
$8.16M
$7.14M – $9.52M (±1% cap)
NOI $571,457 @ 7.0% cap · market cap 38.74%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

BMO Harris Bank ... Loan Service BMO Bank N.A ... Bank ATM (Harris Bank) Atm Bank of the West Bank

Suggested Use

Law Firm Real Estate Agency Dental Office Spa & Massage Center Parking Lot & Garage Skin Care Clinic Hair Salon (Bike/Boat/Book/etc) Store Cafe & Coffee Shop HVAC Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Bank - Bank branch with a broad range of personal banking solutions.
Where is this bank located?
The property is located at 3131 South 13th Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Over 1,000 branches across the United States.; Fee‑free access to over 40,000 ATMs across the United States.; Broad range of personal banking products and solutions.
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