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511 S Main St
Harrisburg, IL 62946
Retail Property For Sale

INVESTMENT HIGHLIGHTS
- Lease guaranteed by a $2 billion bank for superior credit security
- Three drive-thru bays and on-site ATM for customer convenience
- Offered at a 6% cap rate with minimal landlord responsibilities
- Over $12 million in deposits at the Harrisburg branch
- Long-term lease with renewal options through 2042
EXECUTIVE SUMMARY
This single-tenant, absolute NNN bank property offers a rare investment opportunity in Harrisburg, Illinois. The asset is backed by a $2 billion financial institution, ensuring exceptional credit strength and stability. With over $12 million in deposits at the Harrisburg branch, this location demonstrates strong market performance and customer loyalty. The property features three convenient drive-thru bays and an on-site ATM, catering to modern banking needs and enhancing customer accessibility. A long-term lease structure with renewal options extending through October 2042 provides predictable income and minimal landlord responsibilities. Offered at a competitive 6% cap rate and priced at $2,100,000, this investment combines secure cash flow with a prime location in a growing community. Surrounding amenities include national retailers, dining options, and essential services, reinforcing the property’s strategic position within a vibrant commercial corridor. Demographics within a five-mile radius show an average household income exceeding $75,000, supporting continued demand for banking services. This is an ideal acquisition for investors seeking a stable, low-maintenance asset with strong tenant credit and long-term upside.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,700 SF
Building Class
C
Year Built
1913
Price
$2,895,753 CAD
Price Per SF
$1,072.50 CAD
Cap Rate
6%
NOI
$173,745 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.48 AC
Zoning
C - Commercial
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 06-2-158-01 | Improvements Assessment | $228,122 CAD |
| Land Assessment | $14,022 CAD | Total Assessment | $242,145 CAD |
PROPERTY TAXES
Parcel Number
06-2-158-01
Land Assessment
$14,022 CAD
Improvements Assessment
$228,122 CAD
Total Assessment
$242,145 CAD
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