4350 W Lincoln Hwy
Matteson, IL 60443
US Bank · Office Property For Sale

Anchored by US Bank, mixed use on 2 acres land, exceptional, well-equipped & maintained building with 400' of frontage on Heavily Traveled Lincoln Highway. New 60 Ton HVAC Unit, overhauled elevator, Overhauled Heater, Rebuilt sum pumps, Ungraded all parking lots lights to LED to save power. Fully leased for years, US bank use basement and 1st floor. 5 other tenants use 2nd floor. About 8000 SF each floor. All major existing tenants extended leases. This US bank branch is the best with highest deposit as regional center due to best locations. The US bank branch also have a safe box vault here inside. Well maintained inside and outside building next to a new L A Fitness facility. Investment High lights: • US bank have 13 years on the lease with two more options still. With 5% increase each option. • Lincoln Highway (39,500 cpd), Cicero Avenue (23,400 cpd) and with a combined traffic count of 62,900 cpd. I-57 interchange (74-700 cpd). • High Yield Opportunity: Priced at a 11% initial cap rate. This property offers excellent returns day one. • Strong Tenant Performance: The Bank Building' s long-term tenancy testifies to its outstanding location by the 100 years famous Lincoln hwy. • Substantial Discount to Replacement Cost: $50 per SF, the asset is priced well beneath costs. • Retail Center of Gravity with Expansive Draw: Surrounding tenants include Walmart/ Sam' s Club online distribution center, Target, Home Depot, Menard' s, JCPenney and many more.