400 Market St | Mount Carmel, IL 62863
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- LoopNet Team
400 Market St
Mount Carmel, IL 62863
First Mid Bank & Trust · Retail Property For Sale
Investment Highlights
- 13,068 Square Foot First Mid Bank & Trust Branch Located in Mount Carmel
- Absolute Net Lease (NNN) - Zero Landlord Responsibilities
- (3) Five-Year Renewal Options Featuring Annual Rental Increases
- Tenant Exercised a 5-Year Lease Renewal in 2022
- 1.5% Annual Rental Increases Throughout Primary Term and Options
- Corporate Guarantee: $46.5 Million in Deposits | 24% Increase From 2021
Property Facts
Property Type
Retail
Property Subtype
Bank
Building Size
13,068 SF
Building Class
C
Year Built
1988
Tenancy
Single
Building Height
2 Stories
Building FAR
0.57
Lot Size
0.53 AC
Zoning
B2
Parking
12 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
143’ on Market St
Property Taxes
| Parcel Number | 05-211-20-421-033 | Improvements Assessment | $417,860 |
| Land Assessment | $47,920 | Total Assessment | $465,780 |
Property Taxes
Parcel Number
05-211-20-421-033
Land Assessment
$47,920
Improvements Assessment
$417,860
Total Assessment
$465,780
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