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170 N Mclean Blvd
Elgin, IL 60123
BMO Bank N.A. | Chicago MSA (Kane County) · Retail Property For Sale
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
$1,913,149 CAD
Price Per SF
$413.39 CAD
Cap Rate
6.50%
NOI
$124,355 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.61 AC
Opportunity Zone
Yes
Frontage
229’ on McLean Blvd
Property Taxes
| Parcel Number | 06-15-176-049 | Improvements Assessment | $43,118 CAD |
| Land Assessment | $381,774 CAD | Total Assessment | $424,891 CAD |
Property Taxes
Parcel Number
06-15-176-049
Land Assessment
$381,774 CAD
Improvements Assessment
$43,118 CAD
Total Assessment
$424,891 CAD
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