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6801 W Stanley Avenue - Harris Bank, Berwyn, IL
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6801 W Stanley Avenue - Harris Bank
Berwyn, IL 60402 - Cicero/Berwyn Area Submarket
Property Type:
Retail
Sub Type:
Bank
Status:
Existing
Year Built:
-
Building Size:
2,908 SF
Land Area:
.1 AC (4,317 SF)
% Leased:
For Sale Price:
$1,270,000
Price/SF:
$436.73
Cap Rate:
7.50 %
Harris is an integrated financial service organization providing more than 1 million personal, business and corporate clients with banking, lending, and investing and wealth management solutions. Harris Bank is a private bank founded in 1882 and a wholly owned subsidiary of the Bank of Montreal. Harris has been helping its customers and the communities it serves for 125 years. Harris Bank is the third-largest bank in the Chicago area based on number of full-service branches and has more than 234 branches in Chicago, the suburbs as well as Central and Northwest Indiana as well as 41 full-service locations in Wisconsin and more than 580 ATMs.
The subject property is located at the NEC of Stanley and Grove Avenue in Berwyn, IL. The new construction free standing Harris Bank property is accompanied by 2 drive through lanes and sits below a 52 unit mixed used condominium and retail project directly contiguous to the north of the Berwyn Metra Station. The low initial annual rent of $71,246 provides an excellent opportunity for an investor to obtain great residual value while having the comfort level of the third-largest bank in the Chicago area guaranteeing the lease.
Sale Notes:
Harris is an integrated financial service organization providing more than 1 million personal, business and corporate clients with banking, lending, and investing and wealth management solutions. Harris Bank is a private bank founded in 1882 and a wholly owned subsidiary of the Bank of Montreal. Harris has been helping its customers and the communities it serves for 125 years. Harris Bank is the third-largest bank in the Chicago area based on number of full-service branches and has more than 234 branches in Chicago, the suburbs as well as Central and Northwest Indiana as well as 41 full-service locations in Wisconsin and more than 580 ATMs.
The subject property is located at the NEC of Stanley and Grove Avenue in Berwyn, IL. The new construction free standing Harris Bank property is accompanied by 2 drive through lanes and sits below a 52 unit mixed used condominium and retail project directly contiguous to the north of the Berwyn Metra Station. The low initial annual rent of $71,246 provides an excellent opportunity for an investor to obtain great residual value while having the comfort level of the third-largest bank in the Chicago area guaranteeing the lease.
CLICK HERE TO CONTACT THE SALES BROKER
S
FOR SALE CONTACTS
Millco Investments
Robert Miller
(312) 377-7800 x101
View all my listings
Jason Yale
(312) 377-7800 x105
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