7227 Calumet Ave - Bank FOR SALE


Hammond, IN 46324
$1,408,408 USD
630-570-2238
7227 Calumet Ave, Hammond, IN for Sale
$1,408,408 USD
Bank - FOR SALE
1/10
null | 6.85% Cap Rate

7227 Calumet Ave
Hammond, IN 46324


HIGHLIGHTS

  • Absolute Triple Net (NNN) Lease with a Corporate Guarantee
  • Annual Rent Increases of One Percent plus CPI Inflation Adjustment
  • Second Most Visited BMO Location in Indiana | Ranks in the Top 15 Percent Nationally (Placer.ai)
  • Over Six Years Remaining on the Original 12-Year Lease
  • Features Multiple Drive-Thru Lanes as well as Ample Parking | Excellent Visibility & Accessibility
  • Half a Mile from Interstate-94 Interchange which sees 201,157 Vehicles per Day

OVERVIEW

This BMO Harris Bank is offered as an absolute triple net (NNN) lease with zero landlord responsibilities, backed by an investment-grade corporate guarantee. The lease includes annual rent increases of one percent plus a CPI adjustment and has more than 6 years remaining on the original 12-year term. BMO Harris has a long operating history at this location dating back to 1952, underscoring tenant commitment and stability. Ranked #2 in Indiana and in the top 15 percent nationally for branch visits, the property demonstrates exceptional performance and long-term viability. The site features strong real estate fundamentals with multiple drive-thru lanes, 32 surface parking spaces, and 237 feet of frontage along Calumet Avenue with 35,144 vehicles daily, as well as immediate access to I-94 with over 201,000 vehicles per day. Surrounded by dense demographics with more than 110,000 residents and 110,000 employees within a three-mile radius, the property benefits from its prime Chicago MSA location near the Illinois–Indiana border.

FOR SALE DETAILS

PRICE

$1,408,408 USD

PRICE/SF

$361 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BMO Harris Bank - Hammond, Indiana

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

444

APN/PARCEL ID

45-07-07-351-015.000-023

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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