303 Section Line Rd - Bank FOR SALE


Manteno, IL 60950
$2,890,000 USD
602-418-2197
303 Section Line Rd, Manteno, IL for Sale
$2,890,000 USD
Bank - FOR SALE
1/10
null | 6.7% Cap Rate

303 Section Line Rd
Manteno, IL 60950


HIGHLIGHTS

  • 6+ Years Remaining | Annual Rental Increases | Options to Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Interstate 57 (33,600 VPD) | Dense Retail Corridor | Nearby Schools
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Midland States Bank investment property located in Manteno, Illinois. The tenant currently has 6+ years left with 2 (10-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and options thereafter, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. As of March 31, 2026, the Company had total assets of approximately $6.55 billion, and its Wealth Management Group had assets under administration of approximately $4.47 billion. Bank also has a 1,672 SF office space that is currently available for sublease.

FOR SALE DETAILS

PRICE

$2,890,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midland States Bank | Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

-

APN/PARCEL ID

03-02-16-411-019,03-02-16-411-023,03-02-16-411-025,03-02-16-411-026

ASK ABOUT THIS PROPERTY

Gregory WhiteCBRE, Inc.More Info
602-418-2197

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Gregory WhiteCBRE, Inc.More Info
602-418-2197

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.