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BMO Bank N.A. | Chicago MSA (Kane County) 170 N Mclean Blvd 4,628 SF Retail Building Elgin, IL 60123 $1,406,200 ($303.85/SF) 6.50% Cap Rate

Banks Illinois Elgin 170 N Mclean Blvd, Elgin, IL 60123

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INVESTMENT HIGHLIGHTS

  • 3,990 SF Freestanding BMO Harris Bank Branch Situated on 1.61 Acres of Land in Elgin, IL - Chicago Suburb (Kane County)
  • Tenant Renewed the Lease Over a Year Early in August 2025 - Exhibits a Strong Commitment to the Location
  • Stable Annual Income Stream – BMO Bank N.A is One of the Largest Financial Institutions in North America and Rated A+ by Standard & Poor's
  • Corporate Guaranteed Triple Net (NNN) Lease – Tenant Responsible for Taxes, Insurance, CAM, Roof & Structure
  • ±6 Years Remaining on the Current Term with Seven (7) Five-Year Renewal Options – Long-Term Tenant Commitment
  • Robust Deposit Base – Over $74 Million in Deposits, Demonstrating Strong Market Presence and Branch Performance

EXECUTIVE SUMMARY

3,990 SF Freestanding BMO Harris Bank Branch Situated on 1.61 Acres of Land in Elgin, IL - Chicago Suburb (Kane County)

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
4,628 SF
Building Class
C
Year Built
2003
Price
$1,406,200
Price Per SF
$303.85
Cap Rate
6.50%
NOI
$91,403
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.61 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Frontage
229’ on McLean Blvd

LINKS

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170 N Mclean Blvd, Elgin, IL - AERIAL map view - Image1
170 N Mclean Blvd, Elgin, IL - AERIAL map view - Image2
170 N Mclean Blvd, Elgin, IL - AERIAL map view - Image3

NEARBY MAJOR RETAILERS

The YMCA
BMO
Chase Bank
Fifth Third Bank
Huntington National Bank
Jewel-Osco
PNC Bank
Starbucks

PROPERTY TAXES

Parcel Number 06-15-176-049 Improvements Assessment $31,132
Land Assessment $275,651 Total Assessment $306,783

PROPERTY TAXES

Parcel Number
06-15-176-049
Land Assessment
$275,651
Improvements Assessment
$31,132
Total Assessment
$306,783
(248) 702-0288

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 38515164

  • Date on Market: 11/20/2025

  • Last Updated:

  • Address: 170 N Mclean Blvd, Elgin, IL 60123

More public record information on 170 N Mclean Blvd, Elgin, IL 60123

The North Country Knolls Retail Property at 170 N Mclean Blvd, Elgin, IL 60123 is currently available. Contact Encore Real Estate Investment Services for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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BMO Bank N.A. | Chicago MSA (Kane County) | 170 N Mclean Blvd
(248) 702-0288 x

BMO Bank N.A. | Chicago MSA (Kane County) | 170 N Mclean Blvd

Deno Bistolarides
(248) 702-0288

Ryan Vinco
(313) 516-6873

Aliyah Rouls
(248) 702-0280

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