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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
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 $59 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
Frontage
229’ on McLean Blvd
Nearby Major Retailers
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
Contacts
-
Deno Bistolarides -
Ryan Vinco -
Aliyah Rouls -
Encore Real Estate Investment Services
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BMO Bank N.A. | Chicago MSA (Kane County) | 170 N Mclean Blvd
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