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BMO Bank N.A. | Chicago MSA (Kane County) 170 N Mclean Blvd 4,628 sq ft Retail Property Elgin, IL 60123 £1,065,061 (£230.13/sq ft) 6.50% Net Initial Yield
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
Property Size
4,628 sq ft
Costar Property Class
C
Year Built
2003
Price
£1,065,061
Price per sq ft
£230.13
Yield
6.50%
NOI
£69,229
Tenancy
Single
Number of Floors
1
Plot ratio
0.07
Total Plot Size
1.61 ac
Opportunity Zone
Yes
Frontage
229 ft on McLean Blvd
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-15-176-049 | Improvements Assessment | £23,579 |
| Land Assessment | £208,779 | Total Assessment | £232,359 |
Property Taxes
Parcel Number
06-15-176-049
Land Assessment
£208,779
Improvements Assessment
£23,579
Total Assessment
£232,359
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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