Jan. 4, 2019 – West Bend, WI – A familiar name in real estate has invested in the former National Exchange Bank building, 2412 W. Washington Street, in West Bend.
In September 2018 it was reported on WashingtonCountyInsider.com that National Exchange Bank on W. Washington Street in West Bend would close.
According to officials at National Exchange Bank,
“The decision to close the West Bend, Washington Street office is the result of the completion of a thorough branch sustainability analysis including the evaluation of traffic and transactions, past performance and predicted future performance, customer mapping and proximity to other NEBAT locations, among other factors.”
The property on W. Washington Street went up for sale shortly after the Sept. 28, 2018 closure.
This week the Dec. 20, 2018 sale to Steve Kearns was posted. Kearns paid $425,000.
The property, which was built in May 1990 had a 2018 assessment of $668,500.
No word yet what Kearns plans to do with the property which has 4,885 feet of space on the first floor and 4,885 feet of space in the lower level.
Early word is another neighboring building also has an accepted offer. Stay tuned… we’ll keep you posted.