4050 147th St - Bank FOR SALE


Midlothian, IL 60445
$1,300,000 USD
248-892-9691
4050 147th St, Midlothian, IL for Sale
$1,300,000 USD
Bank - FOR SALE
1/1
null | 7.28% Cap Rate

4050 147th St
Midlothian, IL 60445


HIGHLIGHTS

  • Single-Tenant Freestanding BMO Harris Bank - Situated on Hard Corner with 4 Drive Thru Lanes
  • 32,300+ Daytime Employees within 3 Mile Radius of Site
  • High Traffic Counts - 27,500+ Vehicles Pass Site Per Day on IL 83
  • Dense Demographics - 15,700+ People Reside within 1 Mile Radius of Site - 90,400+ People Reside within 3 Mile Radius of Site
  • Located in a Dense Retail Corridor Surrounded by Several National Tenants Including Save A Lot, Walgreens, McDonald's, and Many More
  • Chicago, IL MSA - Ranked as the #3 MSA in the U.S

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

7.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BMO Harris Bank: Midlothian, IL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

B-2

APN/PARCEL ID

28-10-228-034-0000

ASK ABOUT THIS PROPERTY

Rami GulliLegacy Commercial Real Estate AdvisorsMore Info
248-892-9691

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Rami GulliLegacy Commercial Real Estate AdvisorsMore Info
248-892-9691

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