5600 N Lake Dr, Whitefish Bay, WI 53217 For Sale

The Johnson Bank – leased retail condo at 5600 N Lake Dr offers investors a rare opportunity to acquire a stable, long-term income asset in one of Milwaukee County's most affluent and supply‑constrained submarkets. The property is backed by approximately 10 years of remaining lease term to Johnson Bank, an essential-service tenant operating under Johnson Financial Group, a ~$6.8 billion, privately held Wisconsin-based financial institution with strong capitalization, consistent profitability, and more than 55 years of operating history. This long-duration lease provides predictable cash flow, limited near-term rollover risk, and the credit strength investors seek in bank-leased retail, particularly in a volatile interest-rate environment.

The property is strategically positioned along Lake Drive at the border of Whitefish Bay and Shorewood, a highly desirable North Shore corridor characterized by affluence, density, and limited retail condo supply. The surrounding 53217 ZIP code averages household incomes of approximately $95,000, with adjacent East Side and North Shore neighborhoods consistently reporting strong educational attainment and above-average consumer spending power—critical drivers for long-term demand for financial and service-oriented retail uses. Visibility and accessibility along this established commuter route, combined with proximity to Silver Spring Drive and other neighborhood-serving retail, further enhance the durability of the tenancy and the long-term value of the asset.