BMO Harris Bank: Midlothian, IL 4050 147th St 3,817 SF Retail Building Midlothian, IL 60445 $1,814,696 CAD ($475.42 CAD/SF) 7.28% Cap Rate

This offering features a single-tenant, freestanding BMO Harris Bank situated on a high-visibility hard corner with four drive-thru lanes, providing excellent accessibility and convenience for customers. The property operates under an absolute NNN lease structure, offering zero landlord responsibilities, making it an ideal passive investment opportunity.
Located within the Chicago, Illinois MSA, the #3 largest metropolitan area in the U.S., the property benefits from exceptional market fundamentals and strong surrounding demographics. Over 15,700 residents live within a one-mile radius and more than 90,400 within three miles, supported by a robust daytime population exceeding 32,300 employees. The site also experiences heavy traffic counts of more than 27,500 vehicles daily on IL-83, ensuring consistent visibility.
BMO Harris Bank, backed by BMO Financial Group, is an investment-grade tenant with credit ratings of A+ (S&P) and A3 (Moody’s) and over $550 billion in assets. The company is one of North America’s largest diversified financial services providers, demonstrating strong financial stability and growth. BMO recently invested $2 million in a complete interior transformation of the building, signaling long-term commitment to this location.
The property is positioned within a dense retail corridor, surrounded by major national tenants including Save A Lot, Walgreens, McDonald’s, and others. Additionally, a scheduled rent increase effective in November provides further upside potential beyond current NOI, enhancing the investment’s long-term appeal.