511 S Main St - Bank FOR SALE


Harrisburg, IL 62946
$1,236,000 USD
314-746-1467
511 S Main St, Harrisburg, IL for Sale
$1,236,000 USD
Bank - FOR SALE
1/1
null | Request Cap Rate

511 S Main St
Harrisburg, IL 62946


HIGHLIGHTS

  • Absolute NNN lease structure reduces landlord obligations.
  • Lease backed by a bank with approximately $2 billion in assets.
  • Property features three drive-thru lanes and an on-site ATM.
  • Reported branch deposits exceed $5 million.
  • Renewal options extend through October 2042.
  • Located along South Main Street within Harrisburg's commercial area.

OVERVIEW

511 S Main St presents an opportunity to acquire a single-tenant bank property in Harrisburg, Illinois with an absolute NNN lease structure. The offering is backed by a banking institution reported in the marketing materials as having approximately $2 billion in assets, providing investors with a credit-oriented tenancy profile and a lease structure designed to minimize landlord responsibilities. The property includes three drive-thru bays and an on-site ATM, features that support customer convenience and ongoing branch operations. Located along South Main Street, the property benefits from a position within Harrisburg's established commercial corridor, providing visibility and access to local residents, businesses, and daily traffic patterns. The branch serves a community base supported by surrounding households and consumer activity within the immediate trade area. Marketing materials indicate population estimates of 5,583 within one mile, 8,966 within three miles, and 10,458 within five miles of the property. The offering is further supported by reported branch deposits exceeding $5 million and a remaining lease term of seven years. Renewal options reportedly extend occupancy potential through October 2042, creating a longer-term investment horizon for prospective buyers. The combination of a net-leased structure, established banking use, drive-thru functionality, and renewal option framework positions the asset as a potential passive investment opportunity within Southern Illinois.

FOR SALE DETAILS

PRICE

$1,236,000 USD

PRICE/SF

$458 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

C

APN/PARCEL ID

06-2-158-01

ASK ABOUT THIS PROPERTY

Andrew BagyGershman Commercial Real EstateMore Info
314-746-1467

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Andrew BagyGershman Commercial Real EstateMore Info
314-746-1467

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