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BMO Harris Bank - Hammond, Indiana 7227 Calumet Ave 3,901 SF Retail Building Hammond, IN 46324 $1,380,214 ($353.81/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net (NNN) Lease with a Corporate Guarantee
- Second Most Visited BMO Location in Indiana | Ranks in the Top 15 Percent Nationally (Placer.ai)
- Features Multiple Drive-Thru Lanes as well as Ample Parking | Excellent Visibility & Accessibility
- Annual Rent Increases of One Percent plus CPI Inflation Adjustment
- Over Six Years Remaining on the Original 12-Year Lease
- Half a Mile from Interstate-94 Interchange which sees 201,157 Vehicles per Day
EXECUTIVE SUMMARY
This BMO Harris Bank is offered as an absolute triple net (NNN) lease with zero landlord responsibilities, backed by an investment-grade corporate guarantee. The lease includes annual rent increases of one percent plus a CPI adjustment and has more than 6 years remaining on the original 12-year term. BMO Harris has a long operating history at this location dating back to 1952, underscoring tenant commitment and stability. Ranked #2 in Indiana and in the top 15 percent nationally for branch visits, the property demonstrates exceptional performance and long-term viability. The site features strong real estate fundamentals with multiple drive-thru lanes, 32 surface parking spaces, and 237 feet of frontage along Calumet Avenue with 35,144 vehicles daily, as well as immediate access to I-94 with over 201,000 vehicles per day. Surrounded by dense demographics with more than 110,000 residents and 110,000 employees within a three-mile radius, the property benefits from its prime Chicago MSA location near the Illinois–Indiana border.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,901 SF
Building Class
C
Year Built
1988
Price
$1,380,214
Price Per SF
$353.81
Cap Rate
7%
NOI
$96,615
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.72 AC
Zoning
444
Parking
38 Spaces (9.74 Spaces per 1,000 SF Leased)
Frontage
202’ on U.S. 41
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 45-07-07-351-015.000-023 | Improvements Assessment | $1,053,000 |
| Land Assessment | $193,200 | Total Assessment | $1,246,200 |
PROPERTY TAXES
Parcel Number
45-07-07-351-015.000-023
Land Assessment
$193,200
Improvements Assessment
$1,053,000
Total Assessment
$1,246,200
CONTACTS
-
Sean Sharko -
Austin Weisenbeck -
Benjamin Shapiro -
Sharko | Weisenbeck | Mendoza Group
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BMO Harris Bank - Hammond, Indiana | 7227 Calumet Ave
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