For Auction

REIT Sale | Former BMO Bank | 2 Drive-Thrus | 11K VPD | Milwaukee/Madison Market

2608 Center Avenue,
Janesville, WI 53546

Asset Snapshot

Retail
Property Type
1974
Year Built
23
Parking Spots
11,185
Vehicles Per Day
2.94 Acres
Land Area
4,271 SF
Property Size

Investment Highlights

Freestanding Bank with 2 Drive-Thrus
±4,271 SF former BMO on ±2.94 acres includes two drive-thru lanes and 23 parking spaces.
High-Visibility Center Avenue Position
±11,185 VPD frontage provides direct access and visibility along an established commercial corridor.
Flexible B-2 Community Shopping Zoning
District supports financial, retail, office, and service-oriented repositioning opportunities.
Strategic Southern Wisconsin Connectivity
WI-11 and I-39/I-90 link the site to Madison, Rockford, Milwaukee, and northern Illinois.
Opportunity Zone with Strong Demographics
Nearly 55,000 residents within five miles have average household income of approximately $82,111.
Absolute $1 Auction
First Bid Meets Reserve!

Offering Summary

For Tours prior to auction, please email Kyle.Hynes@marcusmillichap.com & Philip.Kates@marcusmillichap.com
**Tours will not be allowed after auction.

 

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 2608 Center Avenue in Janesville, Wisconsin is a vacant ±4,271-square-foot freestanding former BMO Harris Bank positioned for owner-user occupancy, lease-up, or adaptive reuse. Built in 1974 on an expansive ±2.94-acre parcel, the Property features two drive-thru lanes, 23 surface parking spaces, and a driveway providing circulation around the building. Center Avenue carries ±11,185 VPD and provides direct access to the site, while WI-11 is approximately 0.5 mile away and I-39/I-90 is approximately three miles away, where traffic exceeds 63,000 VPD. B-2 Community Shopping District zoning supports potential financial-services, retail, office, and service-oriented concepts, subject to applicable approvals. The Property is also reported within a federal Opportunity Zone, offering potential tax-related benefits to qualifying investments subject to buyer verification. Janesville is positioned between Madison and Milwaukee with convenient access to northern Illinois, including Rockford approximately 40 minutes away. Within five miles, the trade area includes nearly 55,000 residents with average household income of approximately $82,111. Excess land, existing drive-thru infrastructure, and regional connectivity provide multiple paths for repositioning.

Due Diligence

Location

Janesville is the Rock County seat in southern Wisconsin, positioned along I-39/I-90 between Madison and northern Illinois. The city supports a diversified employment base spanning manufacturing, healthcare, education, distribution, and logistics, while WI-11 and regional highways provide access to Rockford, Madison, Milwaukee, and the broader Midwest.

Transaction Managers

Platform Fee

Buyer pays a minimum platform fee of 5% or $20,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: 2876-52

Need Help?

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Auction Opens In
47d 31m 05s
$1
Starting Bid
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Investment Sales Brokers

TL
Todd Lindblom
Marcus & Millichap
WI License: 56163-90

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.