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615 Water St
Sauk City, WI 53583

$2,210,526 USD

Bank For Sale  •  6,543 SF

Property Details

• Property Type Bank
• Total Building Size 6,618 SF
• Lot Size 0.95 AC
• Building Class C
• Year Built 2000
• Cap Rate 6.18 %
• Tenancy Single

50 Walk Score

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.

Cap Rate:

6.18 %

Major Tenants

Tenant	SF Occupied	Lease End Date
BMO Bank	6,618 SF	11/30/2031

Public Transportation

Airport	Drive	Walk	Distance
Dane County Regional/Truax Field	41 min	-	25.4 mi